Gateshead Council has submitted a bid for £20m from the government’s latest round of the levelling up fund. The council hopes any cash received will add value to the existing Gateshead Quays development project.
Part of the Quays development includes the Sage project, valued at £300m and estimated to add around £70m to the local economy and create 2,000 jobs. In total the government is offering local authorities across the UK a portion of £4.2b in levelling up funds.
According to the council: “LUF investment will support Net Zero carbon ambitions and digital infrastructure development, which are critical to delivering competitive business and leisure offers that enable the North East and UK to flourish on the world stage.
