Two green energy projects we’re involved in have secured a combined total of £16.8m in new financial support.
The North East Technology Park (NETPark) at Sedgefield, County Durham, and the Energy Central Campus at Blyth, Northumberland, will each receive a share of £16.8m North East Investment Zone (NEIZ) funds from the North East Combined Authority (NECA).
It is hoped the investment will further support the development of electric vehicles, battery technology and offshore renewable energy technology in North East England, creating thousands of new jobs.
NETPark is one of the UK’s premier science and technology parks, with 40 companies employing 700 people. We have been central to its development, and it’s home to Orbit, our enterprise zone.
The NEIZ investment of £11.3m will support NETPark’s £100m Phase 3 development.
Energy Central Campus (ECC) is focused on developing the skills and talent to make Blyth a centre of excellence for the renewable energy sector.
The NEIZ investment of £5.5m will go towards the Energy Central Institute, an education and innovation facility within the ECC. We are a key partner in the ECI, and recently joined ECC board.
The North East is a manufacturing powerhouse, with a proud heritage, and our investments are unlocking jobs and training for local people in the industries of the future.
Pictured signing a Memorandum of Understanding between the Offshore Renewable Energy (ORE) Catapult and Durham University are (seated left) Dr Shaid Mahmood, Pro-Vice-Chancellor (Equality, Diversity and Inclusion) at Durham University and (seated right) Tony Quinn, Director of Technology Development at ORE Catapult. Team members from both organisations are pictured standing behind.
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