Plans to expand NETPark have been approved by Durham County Council Cabinet, who have agreed to invest £49.6m to finance the expansion providing up to 270,000 sq ft of new laboratory, office, production and storage space at one of the UK’s premier science parks.
NETPark Phase Three consists of up to 12 speculative units from 5,000 sq ft to 35,000 sq ft to allow science, engineering and technology companies to grow, scale-up and commercialise their operations. This initial phase of development is part of larger expansion plan to the park, which includes a Masterplan for up to 433,800 sq ft across the 26-acre site and design and build opportunities up to 80,000 sq ft.
Business Durham, who manage NETPark, has forged a strong partnership with Clear Futures – led by the Robertson Group – to design and build the state-of-the-art facilities needed to make Phase Three a reality. We will work closely with companies to deliver laboratory, office, production and storage space of the highest quality.
Completed infrastructure work include a new road, creating a junction onto the strategically important A177, and opening up critical development land. This was made possible by a £5m grant from the North East LEP, as part of the Government’s North East Growth Deal.