County Durham’s biggest business park is on course for further expansion as planning permission for a major new development is close to being submitted.
Durham County Council has already started the next phase of work to expand Aycliffe Business Park – already the largest site of its kind in the region – onto the 55-hectare Forrest Park site.
The site, which has already received £13m funding from the Local Enterprise Partnership, is hoped will be the subject of a £140m private sector investment with the potential to accommodate a rail freight interchange.
It is estimated Forrest Park could see the creation of 3,200 jobs across 1.75 million square feet of development floor space and deliver a Gross Value Added (GVA) boost of £495m over the next 10-15 years.
During a meeting of the Aycliffe Business Park Community, held at Hitachi Rail Europe’s rail assembling facility, local businesses were told planning consultants have now been commissioned and the proposal is expected to be submitted early this year.
Andy Palmer, the council’s head of transformation and chair of the joint venture company behind the Forrest Park development, told attendees: “A lot of the groundwork has already been undertaken and we’re close to submitting a planning application for the development.
“We already have a lot of interest in the site, because it is very visual, people can see the preparatory works that have already been undertaken, and we’ve already held discussions with development partners and we expect things to happen fairly quickly.
“Aycliffe Business Park’s reputation is getting stronger all the time as an area for advanced engineering and manufacturing.
“When completed it will mean Aycliffe Business Park will be the largest business park in the North-East, which will be a major feather in the cap for County Durham.”
Aycliffe Business Park is already home to around 500 companies and an estimated 10,000 employees.
The Forrest Park proposal will see the creation of three types of development units – business, general industrial and storage or distribution.