A major North East industrial hub dubbed ‘nationally significant’ by the 海角视频 Government has reached a major milestone.
All of the developable land brought to market through the first phase of the International Advanced Manufacturing Park (IAMP One) has now been snapped up, with work set to progress on the development of phase two.
One of the biggest live schemes in the country, the IAMP spans 370 acres and will hopefully create more than 7,000 new jobs over the next 10 to 15 years.
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The project is a joint venture between Sunderland City Council and South Tyneside Council, with HBD appointed as development partner.
A total of more than 1.7m sq ft of floor space has now been taken up at the 150-hectare manufacturing park, and phase two is set to bring forward a further 2.25m sq ft of prime industrial space to the market.
Since work completed on phase one of IAMP in November 2020, the development has proved an attractive proposition, with manufacturing giants such as SNOP 海角视频 and Faltec already on-site. Envision AESC is also set to arrive too, after securing planning consent for the construction of a £450m gigafactory battery plant.
Coun Tracey Dixon, leader of South Tyneside Council, said: “It has been a real joint effort by Sunderland City Council and South Tyneside Council to bring IAMP to life over the past few years and we are absolutely thrilled with how the development has been received so far.
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“We knew when the plans were initially drawn up for IAMP just how important the right infrastructure was to ensure our world-leading advanced manufacturing and engineering sectors continued to compete on the global stage and it’s been proven by the huge success of IAMP so far.
“Not only has it already created many hundreds of jobs through the construction phase, but it has already secured scores of highly-skilled manufacturing roles and – as developments such as the gigafactory come to fruition - will create thousands more jobs over the years to come. It’s a really exciting time for the sector and everyone involved.”
Coun 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.
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“When complete, the park will be a world-class destination for advanced manufacturing creating thousands of jobs, but to see the value of this project to the region already – with so many people from the North East’s construction sector having working on the development - shows just how many world-class businesses from an array of sectors we already have right here on our doorstep.”
IAMP was designated a ‘Nationally Significant Infrastructure Project’ by the 海角视频 Government and will see scores of bespoke manufacturing facilities being built on the site.
£42m has been pledged through the Local Growth Deal through the North East Local Enterprise Partnership (LEP) towards infrastructure including new roads, bridges and environmental enhancements to support the development.
Tom Wheldon, director and head of region at HBD, the development partner for IAMP, added: “We have worked hard to complete the infrastructure works and ensure that we can respond quickly to meet the needs of the market - that approach has paid dividends and we look forward to welcoming Envision AESC to IAMP as the latest business to join this significant manufacturing hub.”