More buildings are being added to a new business park on the edge of Newcastle after an investment of nearly £1m from the Government’s Getting Building Fund.
Developers Tynexe Commercial Ltd have been awarded £944,000 towards the second phase of construction at AirView Park, which aims to support up to 100 new SMEs and provide the flexibility for businesses to expand and grow, creating more local jobs.
The funding has ensured that essential infrastructure works could be delivered during the pandemic and that construction on the site could continue.
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AirView Park has enterprise zone status, with one of the new buildings under construction providing a business support hub for SMEs. The second building, Denyer Court, will offer multiple leased office units or a single occupancy HQ building.
When complete, the site will offer 175,000 sq ft of bespoke offices which are aimed at businesses looking to relocate to out-of-town premises. The first phase of the development includes the national headquarters of housebuilder Bellway Homes.
North East LEP chief executive Helen Golightly said: “By responding to the changes brought about by the pandemic and creating office space that meets the needs of businesses both now and in the future, the new developments at AirView Park have already generated a lot of interest.
“By focusing Getting Building Fund investment on key strategic sites like AirView Park, the North East LEP is helping to create the right environment for businesses to grow and create more and better jobs in the region. The development’s location next to Newcastle International Airport also supports the North East LEP’s ambition to increase the number of North East businesses that export goods and services from 6% to 9.5% by 2030.”
Mike Clark, director of developers Tynexe Commercial Limited, said: “We are delighted to have the full support and backing of the North East LEP as the allocated grant funding has enabled us to progress the site at pace, delivering a high quality scheme to meet market demands at a time when needed.
“We are already receiving enquiries from potential new occupiers, some operating in emerging and fast growing industries, so we are very confident that Phase Two and AirView Park will become a key site for Newcastle and the wider North East economy.”
The Getting Building Fund was established early in the coronavirus pandemic to kick-start the economy, create jobs and help areas realise growth opportunities coming out of the coronavirus pandemic. The North East Local Enterprise Partnership is managing £47m awarded through the fund to support capital investment across the North East.
