There is some good news today for the North East economy amid the worries caused by the region’s lack of a comprehensive devolution deal and the resulting fears for its planned transport improvements.
Phase 1 of the International Advanced Manufacturing Park (IAMP), situated beside the A19 just north of the Nissan car factory, has been fully let and work is now set to progress on the development of phase 2. The whole site is expected to accommodate 7,000 jobs in the next 10-15 years.
Manufacturers already on site include SNOP UK and Faltec, with Envision AESC, which earlier this month secured planning consent for the construction of a £450m gigafactory battery plant, set to arrive too.
IAMP has its origins in the Sunderland and South Tyneside City Deal dating from 2014. It is an officially designated ‘nationally significant infrastructure project’ and £42m has been pledged through the Local Growth Deal and the North East Local Enterprise Partnership (NELEP) towards infrastructure including new roads, bridges and environmental enhancements to support the development.
Councillor Graeme Miller, leader of Sunderland City Council, said: ‘Not only is IAMP delivering job opportunities for the present, but it is also supporting the green revolution, with the gigafactory representing a significant step towards a decarbonised North East economy. We’re thrilled to be pioneering this through IAMP’.