Our North East Technology Park (NETPark) is to receive more than £11m towards its expansion.
The North East Combined Authority's Cabinet has approved £11.3m of funding for the Sedgefield site from its £160m flagship North East Investment Zone (NEIZ), which aims to drive growth across green energy and manufacturing businesses and is expected to unlock around £3 billion in private sector investment over the next decade.
Cllr Amanda Hopgood, our Leader and combined authority Cabinet member for culture, creative, tourism and sport, said: "This is a huge step forward for County Durham. It's a significant investment that is in recognition of the fantastic employment opportunities that NETPark presents our region and is a further boost on the back of the £62m we as a council committed to the third phase of the site with support from the former North East Local Enterprise Partnership.
