The North East
Driving technological transformation in the North East
NETPark Phase 3
Based in County Durham, the North East Technology Park (NETPark) is a hub of innovation, driving advancements across industries and supporting economic growth. Over the past 20 years, NETPark has demonstrated the power of vision and collaboration, becoming one of the UK’s leading science and technology hubs. With a £100 million expansion now complete and its role as a catalyst for pioneering advancements in sectors such as space technology, advanced man- ufacturing and clean energy, NETPark continues to shine as a driving force for regional and global progress.
A vision realised
Two decades ago, the bold decision was made to allocate land for a science park in County Durham, driven by a vision to create a global hub for engineering, science and technology-based compa- nies. Today, that vision has been realised. NETPark is home to more than 40 innovative companies, employing in excess of 700 people and driving regional economic growth. It has brought together a unique combination of academic excellence, industry expertise and a thriving business community to create an unparalleled ecosystem for innovation. The success of NETPark has brought hundreds of
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higher-skilled, high-value jobs to the county, demonstrating the last- ing impact of forward-thinking investment and ambition.
Milestones and future growth
This year marks a major milestone with the completion of NETPark’s £100 million Phase 3 expansion. Opening in 2025, the development adds 285,000sq ft of advanced facilities, including laboratories, offices and production spaces. This new chapter will enable NETPark to attract more businesses, create up to 1,250 on-site jobs and sup- port an additional 2,200 roles across supply chains. Among the first to benefit from this growth is Filtronic, a specialist in radio frequency and microwave technologies. The company, already a NETPark ten- ant, is doubling its operational footprint with a custom-built head- quarters in the new development. This expansion supports its grow- ing partnership with SpaceX, supplying critical components for the Starlink satellite constellation.
Michael Tyerman, Filtronic’s chief financial officer, says: “We opted to stay at NETPark due to its modern infrastructure, the presence of innovative and like-minded companies and the flexibility it provides
COMMERCIAL PROPERTY MONTHLY 2025
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