COUNCIL chiefs are bidding for millions of pounds of Government cash which could see plans to create thousands of jobs at the former Vaux site speeded up.
Officials from Sunderland City Council have now handed over a City Deal document, which includes a plan to create a national advanced manufacturing centre.
It is hoped that the plan, which has been submitted jointly with South Tyneside, will build on the success of car giant Nissan’s jobs base.
Sunderland is in the second round of City Deals.
The council will find out later this year whether it has been successful in its application.
Council leader Paul Watson said: “A City Deal for Sunderland has the potential to provide a major boost for the city’s economy and that of the wider area and we believe we’ve come up with a compelling case.
“Our expression of interest centres around Sunderland’s ability to boost manufacturing for the entire North East region, through the creation of a National Advanced Manufacturing Park in collaboration with South Tyneside.
“The City Deal would enable us to accelerate several of the plans contained within our economic masterplan launched two years ago.
“And it will forge a direct link between our growing manufacturing base and the rest of the city economy.
“Working with the Government to utilise the benefits of manufacturing growth, we can create a new central business district on the Vaux site, bringing 4,000 jobs and all the spending power that entails to the city centre.”
Included in the submission is also a request to extend the Tyne and Wear Metro.