City Deal Signing For £300m Investment In Sunderland

It was done today (Monday 16 June) at the city's automotive hub, close to where plans are being readied for a 100-hectare International Advanced Manufacturing Park (IAMP) as part of the City Deal.

The park land is to the west of the A19 and sits across the borders of Sunderland and South Tyneside. A manufacturing park here is predicted to attract £295m of private sector investment and create an estimated 5,200 new jobs. 

The development - the equivalent of 140 football pitches of new industry and business park - would house automotive, off-shore and other hi-tech businesses. It would build on the North East region's track record for manufacturing and exports.

As well as the park, the deal confirmed £82.5m towards Sunderland's new River Wear bridge project and backing for developing the city's central business district.

Signing on behalf of the Government was Cities Minister Greg Clark who was joined by council and business leaders.

Councillor Paul Watson, Leader of Sunderland City Council and chair of the Key Cities Group, said: "Today we have put pen to paper and signed off this key document. 

"This is a very significant moment for Sunderland, for South Tyneside and the wider North East region. 

"The Government recognises how the City Deal is going to be a catalyst for future economic growth. This park and its regeneration benefits will be seen and felt across the whole North East region and indeed the country.

"We have worked closely with the Government, with the North East Local Enterprise Partnership (NELEP), and we received tremendous backing from our friends in business and the private sector.

"We're getting on with a building a bridge that people in Sunderland have been campaigning about for 50 years. This river crossing is going to help open up more regeneration opportunities and smooth traffic flows. 

"In working closely with the private sector, the City Deal has reflected our regional priorities of promoting more growth and our strengths in manufacturing.

Deputy Prime Minister Nick Clegg had invited Sunderland and South Tyneside to bid for the deal at the beginning of 2013 and approved it in March 2014.

Paul Woolston, Chair of the North East Local Enterprise Partnership (NELEP), said: "The Sunderland and South Tyneside City Deal is a great opportunity for the North East. It is a significant step towards delivering our ambitious plans to create more and better jobs through making, trading and innovating.

"The International Advanced Manufacturing Park builds on the success of the North East Enterprise Zone and cements our international reputation in manufacturing. The deal shows that through partnership working we can achieve great things for the North East."

The deal is seeing Sunderland and South Tyneside working closely with the NELEP, plus the Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland Combined Authority.