Teesside independent commercial property consultants Dodds Brown LLP has been appointed to market one of the most prestigious new manufacturing and technology parks in the North East.
Potentially up to 5,000 new jobs could be created at Teesside Advanced Manufacturing Park, on a 32 acre site on the banks of the River Tees in Middlesbrough, in nearly 70,000 square metres of office, workshop and laboratory space, hybrid and light industrial units, and larger custom designed buildings.
Construction of a research centre for Middlesbrough offshore specialists TWI Ltd and Teesside University to provide world-class support for firms in the offshore wind sector has already begun.
The development team will be led by the developers behind the Advanced Manufacturing Park in Sheffield, which has already proved highly successful in attracting technology companies, such as Rolls Royce, to the city.
Located on the site of the former Newport Ironworks, close to the A66 and A19, and less than a mile from Middlesbrough railway station, Teesside Advanced Manufacturing Park is expected to drive regeneration of the local area by attracting advanced manufacturing companies, R&D centres and technology driven organisations of all sizes.
According to Stephen Brown, Senior Partner at Dodds Brown, the new manufacturing park will be of interest to international, national and local businesses looking for a prestigious base in the north of England.
He says: “Teesside Advanced Manufacturing Park will be a massive boost for Middlesbrough and the wider Teesside areas, as well as for those companies which choose to move there. Occupiers will be able to maximise effectiveness and profitability on a technology campus environment with likeminded, innovative and forward thinking companies.
“They will also benefit from Enhanced Enterprise Zone status which affords up to a £100m corporation tax ‘off set’, in addition to £55K per annum of property tax relief, and a flexible and highly skilled workforce. Teesside Advanced Manufacturing Park has the full backing of Middlesbrough Council and Tees Valley Unlimited, the region’s LEP.”