A businessman hopes to bring creative and digital based companies in the area under one roof at the site of a former social club.
Scott Weavers-Wright, founder of Kiddicare.com, has purchased the Cummins Social Club site and is awaiting planning permission to demolish the building and build a new £1.5m venue for his new business venture Haatch.
Mr Weavers-Wright plans to create a five-floor centre, called The Hub, that will provide workspace for a number of digital, design and marketing based companies.
The development, which Mr Weavers-Wright described as a digital business incubation centre, will include a 100-seater auditorium for firms to hire and hold conferences and presentations, a floor with office space available for leasing, and a cafe area with a roof terrace.
It will also feature a floor for Haatch staff to work with and train and nurture new firms looking to start out and graduates hoping to break through into the industry.
Fred Soneya, digital investor for Haatch, said: “We’re hoping to create Stamford’s own Silicon Valley.
“We found that lots of people in the field commute to London but we want to be able to offer an outlet locally.
“The Hub will hold up to 200 people and 20 businesses in the creative design and digital industry.
“The Haatch team is also looking to help new businesses and graduates set up.
“We’re really optimistic about the new venture.”
The company is now waiting for planning permission to be granted by South Kesteven District Council before work begins. If approved, it is hoped that work will start in January and be completed by summer next year.