All of the developable land brought to market through the first phase of the International Advanced Manufacturing Park (IAMP ) has been snapped up, with work set to progress on the development of phase two.
A total of more than 160k sq m of floor space at the 150-hectare manufacturing park - which is the product of a partnership between South Tyneside and Sunderland City Councils, supported by developer HBD - has been taken up, with phase two set to bring a further 221,997 sq m 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 UK, Faltec already on-site, and more recently Envision AESC, which earlier this month secured planning consent for the construction of a £450 million gigafactory battery plant, set to arrive too.
Work on phase two is now set to continue apace following the awarding of a contract for infrastructure works to North East headquartered Esh Construction.
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.
“We knew when the plans were initially drawn up 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.”
Sunderland City Council leader Coun Graeme Miller 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.
“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 will create more than 7,000 jobs over the next 10 to 15 years. Funding includes £42million through the Local Growth Deal through the North East Local Enterprise Partnership.
Tom Wheldon, director and head of region at HBD, the development partner for IAMP, said: “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.”
To find out more about IAMP, visit: www.iampnortheast.co.uk or follow @IAMPNE.