EMCC European Monitoring Centre on Change

OneNorthEast

Company/Organisation:
OneNorthEast

Geographic Location

Country: United Kingdom
Region: Northumberland; Northumberland and Tyne and Wear; North East
Location of affected unit(s): North Seaton

Company

Sector: Construction
Construction
41.1 - Development of building projects

Employment Effects

Announcement Date: 13-03-2005
Type of Restructuring: Business expansion
Planned Job Creation: 2000

Additional Information

Work has begun on a project which could bring up to 2,000 new posts to a jobs-blighted area of Northumberland. Regeneration agency One NorthEast hopes the scheme will help to offset recent blows to the area's economy, including the closure of Ellington Colliery. A 140-acre site at North Seaton, near Ashington is being redeveloped to house a state-of-the-art business park. More than £7 million in public cash has been earmarked for the project, which it is hoped will attract private developers. A further £1.2 million is coming from the European Regional Development Fund.