Invest in Cornwall secures King’s college London investment

Invest in Cornwall, part of Cornwall Development Company, has secured an investment from King’s College London, one of the world’s top 20 universities, bringing new quality jobs and over £1m into the economy of Cornwall over the next 12 months.

After a competitive pitch process against other leading South West regions, King’s Business Ltd, a not-for-profit company owned by King’s College London, selected Quintrell Downs Business Park, near Newquay, as the location for its IT Service Centre on the basis of the county’s access to a skilled workforce, high quality and competitive office space and superfast internet speeds. All were considered essential criteria by King’s, when selecting the location for the Service Centre that would support King’s 26,000 students and 7,000 staff.

Suzanne Bond, Chief Executive, Cornwall Development Company, said: “We offer a holistic service to businesses looking to set up operations in Cornwall and we continue to work with King’s College London to support them in setting up their new offices and recruiting staff through our Jobline Staffing team. Cornwall offers a highly competitive business environment and we will continue to identify and attract new investment of this nature in the future.”

Gareth Wright, Director of IT Services, King’s College London said; "We are delighted to be establishing a purpose-built Service Centre at the Quintdown Business Park.  Technology Services are vital to King’s future success and creating a world class service centre is an important part of our long-term strategy.  The new facility will play an important part in maintaining and improving our position as a world-leading university and support King's through a period of targeted growth.  The Service Centre will create new roles at the Quintdown Business Park and utilise Superfast Cornwall’s recent investment of £132 million in fibre optic broadband.  Access to King's central London campuses is facilitated by the Government’s £2.5 million investment in Newquay’s regional air connectivity link to the Capital. We aim to be an employer of choice in the region, offering vocational training and development for local staff to complement the world class academic education and research the university already provides”. 


Notes to editors

Invest in Cornwall is a service  of Cornwall Development Company (CDC) which operates as Cornwall Council’s wholly owned, arms-length economic development company.

King’s Business Ltd’s new Service Centre has been made possible through the ERDF investment in Quintrell Downs business park and the regional improvements made to Cornwall’s IT and transport infrastructure. 

King's College London is one of the top 20 universities in the world (2014/15 QS World University Rankings) and among the oldest in England. King's has nearly 26,000 students (of whom more than 10,600 are graduate students) from some 140 countries worldwide, and more than 7,000 staff. The university is in the second phase of a £1 billion redevelopment programme which is transforming its estate.

King's has an outstanding reputation for world-class teaching and cutting-edge research. In the 2014 Research Excellence Framework (REF) King’s was ranked 6th nationally in the ‘power’ ranking, which takes into account both the quality and quantity of research activity, and 7th for quality according to Times Higher Education rankings. Eighty-four per cent of research at King’s was deemed ‘world-leading’ or ‘internationally excellent’ (3* and 4*). The university is in the top seven UK universities for research earnings and has an overall annual income of more than £600 million.

King's has a particularly distinguished reputation in the humanities, law, the sciences (including a wide range of health areas such as psychiatry, medicine, nursing and dentistry) and social sciences including international affairs. It has played a major role in many of the advances that have shaped modern life, such as the discovery of the structure of DNA and research that led to the development of radio, television, mobile phones and radar.

Contact For Media Enquiries:

Lucy Hunt

[email protected]

01872 322814

Contact For King’s College London

Alison Denyer

[email protected]

020 7848 3202

Contact For Recruitment Enquiries

Jobline Staffing on 01872 323100 or [email protected]

Monday 19 January 2015