Sunderland , U.K. - The next stage in bringing the £91.9 million International Advanced Manufacturing Park (IAMPto Sunderland and South Tyneside has started with the submission of plans for infrastructure work around the nationally significant site.

The IAMP Area Action Plan (AAP) was submitted by the two local authorities to the Secretary of State on Monday 6 February. The AAP will allocate the site for the development of an International Advanced Manufacturing Park and establish the planning policies against which the planning proposals for the IAMP will be assessed.

The AAP, which will be valid for 15 years, has been submitted by the councils following consultations with local people held in 2015 and 2016. It will now be examined in public and it is hoped the hearing sessions will be held in the early spring. In order to proceed and remove the necessary land from the Greenbelt, the plans must be found to be ‘sound’ by the Government Planning Inspectorate.

The AAP is the next major step towards turning the IAMP into a reality. It includes the policy framework to deliver the comprehensive development of the site, from new buildings to accommodate suppliers, to roads, drainage and a small retail area for local shops.

Subject to approval of the plans, work on the site can begin later next year.

Sunderland1

 

Sunderland City Council leader, Councillor Paul Watson, said: “It is a huge achievement for Sunderland and South Tyneside to get to this stage.

“This is a massively important project for the region, with the IAMP predicted to create 5,200 jobs and bring in more than £300m of private sector investment over the next ten years. The submission of the AAP is the first step in turning these exciting plans into a reality.”

Leader of South Tyneside Council, Councillor Iain Malcolm, said: “It has taken a lot of hard work to get to this stage. We are hopeful the authorities will look favourably on our plans, and we will be able to press ahead with what is a fantastic, ambitious proposal for the IAMP.

“This will really secure South Tyneside and Sunderland’s place on the automotive and advanced manufacturing map.”

IAMP, close to Nissan, the A19 and A184, is a 'nationally significant infrastructure project' covering 100 hectares - equivalent to 140 football pitches - for automotive, advanced manufacturing and other hi-tech businesses expanding or relocating to the North East. It is close to the region’s automotive hub and its supply chain businesses.

Proposals for the new business park include 260,000 square metres of business space on the 100-hectare site.

The project has secured £42 million in Government funding through the Local Growth Fund, which will help contribute towards the infrastructure works outlined in the AAP. More than £300 million of private sector investment is also expected to be pumped into the site over the next decade.

First put forward in 2014, the IAMP is a key part of the Sunderland City Deal in partnership with Sunderland and South Tyneside and has the support of the North East Local Enterprise Partnership.

Councillor Paul Watson added: “With the industries, high quality jobs and investment the IAMP will attract, it will be a game-changer for our current and future workforce. The IAMP is a once-in-a-generation opportunity to transform not only the Sunderland and South Tyneside economies, but the economic health of the North East region.”

 

Foreign Direct Investment 4

Search Commercial Property News...

RSS Feed:

  • Reuters: Business News Sep 26, 2017 | 00:58 am

    TOKYO (Reuters) - Asian shares slumped on Tuesday while the[…]

  • Reuters: Business News Sep 26, 2017 | 00:19 am

    SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) - A debate within the[…]

  • Reuters: Technology News Sep 25, 2017 | 23:50 pm

    SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on[…]

  • Reuters: Business News Sep 25, 2017 | 23:26 pm

    LONDON (Reuters) - Boeing Co has opened a program office[…]

  • Reuters: Business News Sep 25, 2017 | 22:39 pm

    WASHINGTON/SAN FRANCISCO (Reuters) - Hackers breached the U.S. Securities and[…]