The construction of the £3.9 million project will be delivered by the council. Once built, the building will be operated via an exciting new partnership between the council and the University of Hull.
The new centre will target occupiers from the growing renewable energy and environmental technologies sector, providing office and work space, conference and training facilities, a café and associated parking.
As well as capital investment from the council of £1.9 million, funding for the project has also been secured from the Local Growth Fund, with £1 million allocated from the Humber Local Enterprise Partnership, and around £710,000 from the Green Port Growth Regional Growth Fund Programme.
Councillor Stephen Parnaby OBE, leader of East Riding of Yorkshire Council, said: “We welcome the news that this new centre has been granted planning permission, as it forms part of our economic vision for the East Riding.
“It has taken time to get to this stage, but it is really exciting that the council, working with our local university, is now able to progress the plans and finalise a programme of works to get on with construction.”
The partnership between the council and the University of Hull will add prestige to the project and provide the university with an easily accessible location at the cross roads of the Humber to engage with the business community.
Bill Walker, director of strategic relationships and knowledge exchange at University of Hull, said: “We are delighted to be working with key strategic partners on such a flagship development. This highlights the current high level of interest from businesses in Hull and the East Riding around the exciting developments in the renewables and energy industry. The university sees this as a prime location for further innovation and new business activities and is delighted it is coming to fruition.”