Newspaper article The Journal (Newcastle, England)

Science City Boss Has Quit over Cuts; Chief''s Hopes of Transforming Tyneside Lost as Funding Reduced

Newspaper article The Journal (Newcastle, England)

Science City Boss Has Quit over Cuts; Chief''s Hopes of Transforming Tyneside Lost as Funding Reduced

Article excerpt

Byline: Adrian Pearson

THE man tasked with turning Newcastle into a city of science has quit his post as Government cuts take hold. Peter Arnold has resigned as the successful chief executive of the Newcastle Science City company as it prepares for funding cuts which threaten to undermine his hopes of transforming Tyneside. Mr Arnold oversaw the creation of the UK-leading Newcastle Innovation Machine, which had planned to create hundreds of research jobs but funding for this expires in September.

It is believed Mr Arnold made clear to Science City bosses that a downgraded project would not need a man of his experience - or pay - in the role.

As well as funding gaps emerging for the wider educational and job creation work, Science City is still waiting to see if the Government will fund pounds 8m towards the creation of a flagship research building on the site of the former Tyne Brewery.

The task facing city leaders now is how to maintain Mr Arnold's success record with far fewer resources once funding changes kick in 12 months from now.

Last night Paul Walker, chair of Newcastle Science City, praised Mr Arnold for his work on the scheme.

He said: "The question was asked what happens next year when the funding from the regional development agency expires. We want to continue with what he has been doing, but there is much less funding available.

"Peter put together a number of options for how this might operate, and one of those was to have a smaller body with some of the current responsibilities.

"His conclusion was that if that was the way the partners want to go, it probably does not need a chief executive of his calibre, and more of a general manager. Peter is a man of great integrity and we are grateful for what he has done here."

Mr Walker said talks are ongoing to find more private sector investment in the project. …

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