Opening in 2018, the boarding school will provide cybersecurity tuition (40 per cent), maths, physics and computer science over three years.
The Guardian reported that Quafaro is discussing state funding with the Department for Education, but will rely on corporate sponsorship and its own-fundraising activities as a back up.
The college will be housed in the G-Block of Bletchley Park after a £5m restoration.
During World War Two, the site hosted the team of code-breakers, including Alan Turing, who famously cracked key the German Enigma code.
After the war ended, some members of the team went on to work for the newly created GCHQ, now one of the UK’s key security agencies.