Work is set to begin on a major business park for County Durham, paving the way for 4,000 new jobs and a £400 million boost to the economy.
Durham County Council is to begin work on the park at Aykley Heads, at Durham City, having already pledged £6 million to the project’s first phase. The remaining £6 million for phase one comes from the government’s Getting Building Fund, which aims to deliver jobs, skills and infrastructure across the country.
The milestone commencement of work has today been welcomed by the North East Local Enterprise Partnership (LEP,) North East England Chamber of Commerce and Durham University.
The vision for Aykley Heads is to create ‘A Development for a Different World’ – in recognition of the impact of the coronavirus pandemic on the way people work. It will offer a new and unique business location for the region that maximises economic growth in County Durham and delivers jobs in new and growing sectors. It is one of five designated strategic employment sites across the county and part of the council’s ambitious mission to provide more and better jobs, bridging the gap in economic performance with other parts of the UK.
Aykley Heads is also evidence of the council’s commitment to keeping major projects on track through the coronavirus pandemic, in recognition of how important they are to the county’s long-term economic future.
The site’s first two phases offer the prospect of a potential 4,000 jobs and it is estimated a further 1,800 will be supported in the construction of the park.
The first phase will see the creation of 3,500 square metres of flexible office space within a three-storey building and 124 car parking spaces to the north of the site.
Work on ‘Plot C’ will begin in the coming weeks with the commencement of groundworks ahead of the construction of the building.
The North East LEP is a public, private, and education sector partnership that covers Durham, Gateshead, Newcastle, Northumberland, North Tyneside, South Tyneside and Sunderland local authority areas. It manages the Getting Building Fund in the North East and has added to the money available by providing £8m from its North East Investment Fund.
A hybrid planning application for Aykley Heads was approved in December, giving full permission for Plot C and outline consent for the rest of the site.
This includes land currently occupied by the council’s County Hall headquarters, with the authority having agreed to move to a new smaller headquarters in the heart of Durham City to pave the way for the business park. The new headquarters will provide a base for 1,000 council staff, boosting footfall and trade in the city centre, as well as in Crook, Seaham, Spennymoor and Meadowfield where other employees will be located.
The first two phases of Aykley Heads will when complete provide up to 38,468sq m of floorspace and be divided into six plots, with each providing office buildings and parking spaces. ‘Character zoning’ will be used to create distinctiveness, while green spaces and paths will be provided for the enjoyment of workers, residents and visitors.
Aykley Heads already benefits from close links to the A1, East Coast Main Line and other public transport, as well as cycling routes. These have already attracted a number of high profile firms to the vicinity, including the business and IT consultancy Waterstons, as well as Atom Bank and the chamber of commerce.
County Durham boasts four other strategic employment sites, with Jade Business Park near Seaham, Integra 61 at Bowburn, and Forrest Park at Newton Aycliffe all welcoming their first tenants last year. The £5 million expansion of NETPark at Sedgefield, is also underway and set to create up to 1,400 jobs. In total, the five sites are set to bring 15,000 jobs to the county.
County Durham and Newcastle were recently named among the UK’s ten highest growth ‘clusters’ in fintech – financial services and technology.