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In Gloucester, 10 miles away,, in the hopes of attracting cyber firms and bringing up to 1,500 jobs to the city.

The University of Gloucestershire, meanwhile, has expanded its offering for students withThe first phase of Golden Valley is being worked on by property developer HBD with Cheltenham Borough Council.HBD is also funding digital workshops in local primary schools, and is working with the university, Gloucestershire College and the University of Bristol to help develop students' skills.

Ed Hutchinson, managing director of HBD, said the development would help make cyber and artificial intelligence more secure as "the world moves at a faster pace than ever before"."Golden Valley will be a place where leaders working in academia, government, big industry and start-ups can share knowledge and ideas, working in specialist environments that traditional offices simply cannot provide," he said.

"With the UK's ambitions to be a global leader in these areas, we believe that by clustering these specialist sectors at scale, in a county that is renowned for its rich ecosystem and talent pool, we can unlock growth and break down silos within the national technology ecosystem."

He said a building contractor for the development was expected to be appointed in the coming months.The government now aims to put more money into ordinary Chinese people's pockets and help cut the country's reliance on exports and investment.

Beijing's plans include issuing 1.3 trillion yuan ($179bn; £140bn) in special treasury bonds this year to help fund its stimulus measures. Local governments will also be allowed to increase the amount of money they borrow to 4.4 trillion yuan, up from 3.9 trillion yuan, according to the annual "Work Report".In a rare move, Beijing raised its fiscal deficit - the difference between the government's spending and revenue - by one percentage point to 4% of gross domestic product (GDP), the highest level in decades.

The hike signals Beijing's commitment to increase spending to shore up growth. It has long sought to keep the deficit at or below 3% of GDP to demonstrate fiscal discipline.It also announced plans to create more than 12 million jobs in cities, setting a target for urban unemployment at around 5.5% for 2025. The figure stood at 5.1% last year.