Funding has been secured to create a new manufacturing zone designed to support high growth businesses in South Tyneside.
South Tyneside Council has been awarded almost £500,000 from the government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), to develop the Manufacturing Zone, which will provide approximately 8,600 sq ft of repurposed space at its Jarrow Business Centre.
The scheme will provide affordable manufacturing space and incubation support for high growth potential SMEs operating in the advanced manufacturing and energy sectors, aiming to create and sustain employment opportunities and support productivity, innovation and competitiveness.
Councillor John Anglin, lead member for regeneration and economy, said:
“The North East is a leading location in England in the offshore energy sectors, particularly offshore wind which is where the future lies.
“With its River Tyne location, the Manufacturing Zone at Jarrow Business Centre is suitably placed to support local supply chain SMEs to benefit from the significant opportunities in the offshore wind sector, including the eagerly awaited Equinor and SSE Renewables operations and maintenance base for Dogger Bank Wind Farm in South Shields.”
Andrew Moffat, chair of the investment board at the North East LEP, added:
“One of the aims of the Local Growth Fund is to support the development of economic infrastructure in the region.
“The Manufacturing Zone at Jarrow Business Centre will offer high quality advanced manufacturing space.
“This will provide the ideal base for smaller businesses wishing to serve larger tier 1 and tier 2 manufacturers across a range of manufacturing sectors, enabling them to benefit from manufacturing supply chains.”
The new development is new due for completion in June 2021.