IN DEVELOPMENT
From a £2.6bn Gigafactory to science and manufacturing parks, read all about the current development projects shaping the North East.
GIGAFACTORY
Britishvolt, the start-up battery manufacturer, has selected Blyth as location to build the UK’s first battery Gigafactory. Built on the same land as the Blyth Power Station in Northumberland, the firm will invest a total of £2.6 billion in the project, which makes it the largest industrial investment in the North East since Nissan’s arrival in 1984. The £2.6bn Gigafactory will provide 3,000 jobs for the region, as well as 5,000 more across the plant’s supply chain and is due to be completed by 2023.
RIVERSIDE SUNDERLAND More than 0.5billion investment is pouring into Sunderland city centre, creating a new climate of confidence and optimism among the general public and investors alike. Riverside Sunderland is the focal point of that charge.
SUNDERLAND INTERNATIONAL ADVANCED MANUFACTURING PARK (IAMP) With up to 150 hectares of development land to the north of Nissan UK and adjacent to the A19 trunk road, IAMP is designated a ‘Nationally Significant Infrastructure Project’ (NSIP) by the UK Government, and is a partnership between Sunderland and South Tyneside. IAMP is a hub for automotive, advanced manufacturing and technology businesses, accelerating economic growth and generating the conditions for private sector investment of over £400 million. With superb infrastructure and transport links, it is predicted to deliver circa 371,000sqm of developable floorspace and over 7,000 new jobs over the next ten to 15 years.
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ENTREPRENEURS’ FORUM NEWS
It will provide jobs and homes for the people of Sunderland, and attract skilled workers, students and visitors. The development will comprise three main parts: an employment zone, civic and cultural buildings and homes and community life.
