Driffield students are set to benefit from a new £10 million university college which is due to open in September 2016.
The new-style University Technical College (UTC) has been given the green light by Government and welcomed by Chancellor George Osborne as part of major investment in the North of England.
The college, which will be built from scratch at Scarborough Business Park, Eastfield, will cater for 14 to 19 year olds with a focus on engineering, science, technology, robotics and mathematics-based careers.
Peter Wilkinson, chairman of Scarborough Business Ambassadors, said that the plans had been met with “tremendous enthusiasm” from schools in Ryedale and from council bosses.
Ryedale pupils will be taking part for the first time in this year’s Engineering Week, which will be held in Scarborough on October 13.
Around 4,000 students are expected to take part and 1,800 have already pre-registered.
Giving his reaction to the UTC plans getting the go-ahead, Mr Wilkinson said: “This is a paradigm shift in our academic history.
“It also represents true partnership working between the public and private sector.”
He praised the work of the team who had put the bid together, which included input from Scarborough Council and businesses such as Unison, Plaxton and McCain.
The first intake of students in September 2016 will be around 150 to 200 - or potentially more.
Those behind the plans hope that the college will help find “world-class talent”.
They aim to provide a chance for young people to study locally and work for a local business as their career progresses instead of having to move away from the area.
Alan Pickering, managing director of Unison Limited, said: “Our master plan was always to develop the next generation of 21st century engineers who together will ensure that the UK will continue to lead the world in tier-one engineering.”