NEWCASTLE UPON TYNE
NORTHUMBERLAND NORTH OF TYNE
NORTH TYNESIDE SOUTH TYNESIDE
SUNDERLAND GATESHEAD
COUNTY DURHAM SOUTH OF TYNE PROGRESS
NEWCASTLE HELIX
Newcastle Helix is a £350m project on a 24-acre site in the city centre being developed in a partnership between Legal & General, Newcastle University and Newcastle City Council. Newcastle Helix brings together industry leaders, businesses and top researchers in a new innovation community. It combines prestigious commercial and residential space with first class research and education facilities.
NORTH OF TYNE COMBINED AUTHORITY
The North of Tyne devolution deal includes over £600m of Government funding over 30 years to drive investment in digital skills, science and rural growth alongside the creation of a new North of Tyne Combined Authority and a directly elected North of Tyne Mayor.
TYNE & WEAR METRO
Tyne & Wear Metro are tendering a contract for new rolling stock to replace the existing fleet in 2022-2024. The 35-year contracts will include the maintenance of the trains and a new depot on the site of the existing depot at Gosforth. The Government is providing a £337m grant towards the forecast £362m cost of the rolling stock. The contract value, including maintenance, is estimated to be about £500m.
GIANTS ON THE QUAYSIDE
Newcastle’s £100m quayside development earmarked for Europe’s tallest observation wheel, dubbed ‘The Whey Aye’. Planning applications have been submitted by developers, World Wheel Company, featuring commercial, leisure and sporting provision.
BUILDING TOWARDS A BETTER FUTURE | 29
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