Approximately 2,200 local jobs could be created in Hackney after planning application for a new digital and creative development was submitted.
The application to develop a digital and creative hub at the former Broadcast and Press Centres at the Olympic Park was submitted to the London Legacy Development Corporation earlier this month.
iCITY would feature a 250,000 square foot data centre, film and broadcast studios, and a 1000-seat auditorium. Start-up businesses would also have the opportunity to set-up at the new location.
In addition to the 2,200 local jobs being created, iCity could create a further 5,300 development jobs.
Gavin Poole, chief executive of iCITY said: “The development would help the local community by providing a new community destination for east London with new facilities for local residents and opportunities for local businesses”.
He added: “iCITY will attract the best talent, companies and investment from around the world.”
Over £1 billion will be invested in the development, which is a joint venture between real estate investment company Delancey and data centre operator Infinity SDC.
Hackney Community College, Infinity SDC, and Loughborough University have signed up to be based at iCITY , as well as BT Sport, who are already onsite. The site would also feature cafes, restaurants and shops surrounding the main building.