There will be many benefits to the local people and local economy:
- A prestigious business park of regional significance. It will be
a major boost for the image of South Tyneside, identifying us as a
key location for business investment.
- There will be significant potential for residents of the Borough
to gain employment. It is expected that this development could support
over 6,000 jobs.
- The scale and nature of the development, with an emphasis on high
added value businesses, will help diversify the Borough's economic
base and provide good quality jobs in growing sectors.
- The construction phase of the business park will provide many opportunities
for local construction workers and businesses.
- The proximity of the site to local businesses will increase the
potential for them to provide goods and services to those companies
locating on the site.
- The current supply of employment land in the Borough is extremely
limited, which in turn is constraining our ability to create new employment
opportunities. Development of this site would largely resolve this
issue.
- The site offers major opportunities to provide new high quality public spaces, such as an extension to the Great North Forest, parkland corridors, recreational and leisure uses.
