Starting with an intake of 300, the university is expected to have 5,000 students within its first decade
Karen Usher, co-leader of the development team and who has been involved since its very inception, said: "Britain will now get a new university to help address the country's chronic shortage of suitable technology and engineering graduates."
NMITE will focus on four sectors: advanced manufacturing; defence, Resources & Data Security; agri-technology; and green and renewable technologies. The degree awarded will be in Liberal Engineering Sciences.
The aim of the university will be to "radically change the way engineering and related technologies are taught in the UK. Its aim is to help tackle the growing shortage of graduates who combine such degrees with the broad range of additional applied analytical thinking, innovation, interpersonal and leadership skills that employers seek".
Dr Colin Brown, director of engineering at the Institution of Mechanical Engineers, said: "To have a university which specialises in engineering – and where half of the students and teaching are women – is a genuinely innovative approach for this country. It's an indictment that currently only 6% of the UK's engineering workforce is female."
He added: "Given that we we're already struggling with a dramatic shortfall of engineers in this country, it has never been more important to encourage women into the profession.
"Research we have undertaken at the Institution shows that young women tend to have a much greater affinity to engineering than we might believe. By connecting with their interests which predominate in design, medicine, sports and the environment, we will inspire ever more to pursue engineering studies.
"This type of STEM-based university represents an excellent way of inspiring the next generation of engineers and we hope it sets a quality benchmark for other institutions in the future."
