Plans for £110m Durham Tees Valley business park
20.03.08
Plans for a £110m business park to be built near Durham Tees Valley Airport, with the capacity to create at least 3500 jobs, have been announced. The 250 acre Skylink International Business Park development will be built on land next to the airport, and is being hailed as a major boost for regeneration in the region.
The park will provide about two million sq ft of space to airport-related / large-scale industrial and freight firms. A main road will run through the centre, providing direct links with the A67, while light industrial and ancillary offices will also be created.
The scheme was unveiled by Peel Holdings, owner of the airport, and Tees Valley Regeneration. They hope that the park will attract millions of pounds in inward investment through attracting major companies to the region.
Joe Docherty, Tees Valley Regeneration, said: ‘This business park will attract millions more in inward investment and help boost the profile of the region internationally as a great place to do business.’ Airport managing director Hugh Laing said the project could massively boost the economy of the North East.
Although no major tenants have yet been confirmed, work is due to start on site this summer, with the first phase of the project is expected to take up to 10 years to complete, and will involve a new access road and car park.
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