£9.5 million new innovation hub to support Wales become a global leader in cyber security

A new Cyber Innovation Hub to help Wales become a global leader in the sector will be operational later this year, thanks to a £3 million investment from the Welsh Government, First Minister, Mark Drakeford announced today (10 May 2022).

The Welsh Government is making a £3 million investment in the new Hub over 2 years, with £3 million of co-funding from Cardiff Capital Region and £3.5 million of in-kind match funding from consortium partners.

The First Minister made the announcement during the first day of the UK’s flagship cyber security conference - CYBERUK 2022. CYBERUK, which is run by the National Cyber Security Centre – a part of GCHQ, is being held in Newport this week.

The new Cyber Innovation Hub is being led by Cardiff University with partners including Airbus, Alacrity Cyber, CGI, Thales NDEC, Tramshed Tech, and the University of South Wales.

It’s hoped the new Innovation Hub will train more than 1,000 cyber-skilled individuals and grow the cyber security sector in Wales by more than 50% by 2030.

There are 51 cyber-related businesses based in Wales, employing 4% of cyber security professionals based in the UK.

By 2030, the Hub aims to have: 

  • Grown the cyber security sector in Wales by more than 50% in terms of volume of businesses
  • Attracted more than £20 million in private equity investment to scale around 50% of these businesses
  • Trained more than 1,000 cyber-skilled individuals.

For further information visit £9.5 million new Innovation Hub to support Wales become a global leader in cyber security | GOV.WALES

Posted on: Wednesday 11th May 2022