South Tyneside set for 100 new jobs as £5m scheme nears completion

Construction work on a £5m industrial scheme in South Tyneside is nearing completion.

Washington property firm Hellens Group is delivering 58,000 sq ft of new industrial space across three units on Monkton Business Park in Hebburn.

The project, geared towards manufacturers, is forecast to create more than 100 jobs,

It is backed by £1.27m from the North East Local Enterprise Partnership’s Local Growth Fund and £1.7m from the North East Investment Fund, also administered by the LEP.

Hellens Group chief executive Gavin Cordwell-Smith said: “We were delighted to receive £1.27m from the [LEP’s] Local Growth Fund to support the build of these new industrial units, which are a real coup for the region.

“There are very few facilities of this size or spec in the North East so we’re expecting a lot of interest from companies located here already and those looking for a base in the region.”

North East LEP chief exec Andrew Hodgson commented: “This project is a fantastic example of the Local Growth Fund in action.

“The Fund was established to support industrial and commercial infrastructure projects across the North East LEP area. It’s great to see the development near completion as it will bring more jobs to the region and support our growing economy.”

Jake Berry MP, Northern Powerhouse and Local Growth Minister, said: “This government is committed to boosting economic growth across the whole of the Northern Powerhouse and building a country that works for everyone.

“Through this investment of £1.27m from the Local Growth Fund towards the Monkton Business Park, we are giving businesses in the North East the tools and resources they need to expand and flourish.”

The £270.4m Local Growth Fund, part of the North East Growth Deal, supports the LEP’s delivery of the Strategic Economic Plan – a mission to create 100,000 more and better jobs by 2024.

Agents on the new units, GVA and HTA Real Estate Ltd, are currently seeking prospective tenants.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →