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NewcastleGateshead Quays regeneration scheme awarded £7m from government’s Getting Building Fund

NewcastleGateshead Quays – the landmark arena-led regeneration scheme on the banks of the NewcastleGateshead quayside – has been awarded £7m from government’s Getting Building Fund to support the creation of the new events destination and a new link road connecting Baltic Quarter with the A184 and Felling Bypass.

The North East Local Enterprise Partnership (North East LEP) manages the Getting Building Fund in the North East LEP area, which comprises Durham, Gateshead, Newcastle, Northumberland, North Tyneside, South Tyneside and Sunderland. The North East LEP Investment Board approved Gateshead Council’s funding application in December 2020.

Andrew Moffat CBE, Chair of the Investment Board at the North East LEP, said: “The Getting Building Fund was created to provide investment to shovel-ready infrastructure projects across the country that will help boost regional economic growth, fuel local recovery and create jobs.

“NewcastleGateshead Quays is a hugely significant project not just for Gateshead, but the North East LEP region as a whole. The £290m regeneration scheme is expected to create around 2,000 new jobs in the North East and provide a £60m annual boost to our local economy.”

£5m from the Getting Building Fund has been awarded towards the creation of a new North South link road in Baltic Quarter. The new road will connect Gateshead Quays with the A184 and Quarryfield Road, leading to the Felling Bypass and across to the Freight Depot strategic housing site. The plans also include a new Green Blue corridor, containing new landscaped walking and cycling routes, and the provision of habitats that encourage biodiversity.

A further £2m has been awarded towards critical infrastructure works around the construction of the new arena, exhibition and conference centre, hotels, multi-storey car park, and public spaces.

The planned Arena and Conference and Exhibition Centre project has previously been awarded £5m through the Local Growth Fund in 2017.

Cllr Martin Gannon, Leader, Gateshead Council said: “A lot of time, hard work and commitment has been put into producing a plan for the growth and prosperity of Gateshead and the region. These funds will be vital in achieving our ambitions for the wider Quays project and borough as a whole. We are aiming to future proof Gateshead and improve connectivity and infrastructure. This investment will go some way to realising those plans and help attract leisure and business visitors to the North East.”

The North East LEP region was awarded £47m through the Getting Building Fund with the North East Local Enterprise Partnership increasing the fund to £55m by releasing an additional £8m from the North East Investment Fund.

The 17 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 £900m Getting Building Fund was announced in August 2020 as part of its package of support to kick-start the economy, create jobs and help areas facing the biggest economic challenges as a result of the coronavirus pandemic.

For more information about the Getting Building Fund, visit www.gov.uk.

Home / Getting Building Fund

South Tyneside Council awarded £3m from government to support The Glassworks office development

South Tyneside Council has been awarded £3m from government’s Getting Building Fund to support the creation of a proposed state of the art, glass-fronted riverside office building in the town.

The Glassworks – subject to planning permission – will be built on former brownfield land in the Harton Quay area of South Shields and provide 50,000 sq ft of Grade A office accommodation. It will aim to be one of the first near-net carbon zero office buildings in the North East.

The Getting Building Fund – managed in the region by the North East Local Enterprise Partnership – 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.

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.”

Spread over five storeys, The Glassworks will form part of the new living, working and cultural quarter in Harton Quay, and link to South Shields’ town centre.

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.”

The North East LEP region was awarded £47m through the Getting Building Fund with the North East Local Enterprise Partnership increasing the fund to £55m 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 £900m 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.