The £5.6m joint investment brings together the North of Tyne Combined Authority covering Newcastle, North Tyneside and Northumberland with the National Innovation Centre for Ageing (NICA) and will see cutting-edge research being translated into new jobs, skills and tech start-ups in the area. Innovations could include smart homes, connected devices, remote monitoring and models of health, care and support that enable older people to live independently – solutions that preserve independence, and support the challenge of getting to net zero.

The emerging market for ageing innovation is huge and it will add 2% to global GDP by 2040. Multigenerational housing alone is likely to triple by 2040 and the numbers of people over 65 who are in work has doubled since 2001…Read more