Newspaper article The Journal (Newcastle, England)

Multi-Million Pound Investment to Bring Jobs

Newspaper article The Journal (Newcastle, England)

Multi-Million Pound Investment to Bring Jobs

Article excerpt

Byline: Adrian Pearson Regional affairs correspodent

NICK Clegg will today sign off a multi-million pound investment package set to see a new era of Nissan business in Sunderland.

The Sunderland and South Tyneside City Deal will see the two councils put in cash to create a new automotive business park backed by some PS5m in Government funds.

Although the initial Government contribution is much lower than the PS25m first hoped for, more cash could follow, and the Deputy Prime Minister will also promise today to give the final green light to more than PS80m for a new bridge over the River Wear.

There is also a promise from the council to kickstart work on the former Vaux brewery site.

Last night Sunderland MP Julie Elliot said the move would be welcomed in the city.

She said: "This is great news for Sunderland. It means that the bridge we have been crying out for will finally get the go-ahead, and jobs that will be created near Nissan will be great news for the city.

"The bridge plans are ready to go, we can start work in the next few months and start making a real difference."

The advanced manufacturing park is expected to be completed by 2027, creating 5,200 new manufacturing jobs, with more than 500 new jobs being created every year from 2018.

A further 3,700 jobs will be created by 2031 as part of plans for the Vaux site.

In a downgrading from the original plan, Treasury officials blocked a bid to use tax revenue from the business park to regenerate parts of the city centre.

Sunderland Council leader Paul Watson said: "The people of Sunderland are now going to get something they have wanted for 100 years and have been campaigning about for 50 years, thanks to the work of officers and this council.

"This is a major achievement that has been delivered against the odds as central Government has been cutting its spending. …

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