Located in eastern Gateshead, the site provides access to the A1(M), A19 and Tyne Tunnel. The site helps support the growth of the distribution, logistics and manufacturing sectors.
The existing Follingsby Park site is a 45-hectare industrial estate, with development opportunities ranging from 5,250 - 8,000 m². A further 90,000m² of development will bring up to 1,500 new jobs for the local area.
Both sites are part of the North East Enterprise Zone. This provides occupants with financial benefits, with business rate discount worth up to £275,000.
The council and landowner will bring forward new plan later this year. It will aim to deliver initial infrastructure works and unlock further developments on this site.