The International Centre for Life is a charity, built on an entrepreneurial business model which ensures that all of the income needed to cover operating costs is self-generated.
Only 25% of operating revenue comes from mission-related activities, such as admission tickets to Life Science Centre. The remainder comes from a range of income generators, including the rental of property: laboratories; clinics; offices; an outdoor space that is let for popular events, such as concerts and product launches; and, adding some extra piquancy to the mix, commercial property that is now home to the area’s most popular nightclub and three bars.
Newcastle University and Newcastle upon Tyne NHS Foundation Trust play an integral role in the mission of the International Centre for Life. As such, they are not charged a commercial property rental rate for the spaces that they occupy on-site.
Additional income is generated from a venue-hire business (Life Meetings and Events
), a multi-storey car park, two cafés, a gift shop and an outdoor ice rink that operates during the winter months.Partners and supporters
Life has forged many mutually beneficial relationships with individuals, organisations, businesses and networks. We are proud to be associated with our partners and supporters. If you would like to be part of this network, please get in touch.