£3million to get work started on stunning South Shields riverside development The Glassworks after Government confirms funding
Developers can get to work on further preparations for a stunning new riverside development in South Shields after the Government confirmed £3million for the project.
South Tyneside Council has been awarded £3million from the Getting Building Fund to support the creation of The Glassworks, a state of the art, glass-fronted riverside office building in South Shields.
Spread over five storeys, the landmark building will form part of the new living, working and cultural quarter in the Harton Quay area, and link to South Shields’ town centre.
The development, which still needs to be granted planning permission, will be built on former brownfield land and provide 50,000 sq ft of ‘Grade A’ office accommodation.
The team behind the plans are aiming for it to be one of the first near-net carbon zero office buildings in the North East.
The Getting Building Fund, managed by the North East Local Enterprise Partnership (LEP), is part of Government’s package of financial support to kick-start the economy, create jobs and help areas facing the biggest economic challenges as a result of the coronavirus pandemic.
Cllr Tracey Dixon, Leader of South Tyneside Council, said: “We’re delighted to have secured this funding through the Government’s Getting Building Fund.
“We hope that The Glassworks will start the transformation of a vacant site into a bustling quarter, attracting new businesses to the town and helping to generate jobs for local people.
“It would be another milestone in our ambitions for South Shields and complement the considerable investment that has already gone into this area.”
Helen Golightly, chief executive of the North East LEP, said: “The Glassworks will be an important new development by South Tyneside Council and an excellent example of the type of project the region needs to help support our recovery from the coronavirus pandemic. Despite the increase in people working from home because of COVID-19, there is still demand for quality and affordable office accommodation in the region.
“The scheme will build on recent North East LEP investments in the town, including the new South Shields Transport Interchange and Nexus Learning Centre.
“The Getting Building Fund is designed to get major infrastructure projects moving quickly, so we can start to see our economy and employment rates return to pre-covid levels.”
The North East LEP region was awarded £47million through the Getting Building Fund with the North East Local Enterprise Partnership increasing the fund to £55million by releasing an additional £8m from the North East Investment Fund.
The 18 projects put forward for the North East LEP area are expected to create more than 4,000 construction and permanent jobs; unlock more than 19,000 sqm of commercial space; assist more than 3,000 learners; improve or construct 4.2km of roads, cycle lanes and walkways; and further strengthen the North East’s green energy sector.
The Government’s £900million Getting Building Fund was announced in August 2020 to provide investment in shovel-ready infrastructure projects across the country.
For more information about the Getting Building Fund, visit www.gov.uk.
For more information about the North East LEP, visit www.northeastlep.co.uk.