WEARSIDE’S new International Advanced Manufacturing Park has received its first foreign dignitary.
Taiwanese ambassador Dr Liu Chih-Kung visited the site, close to Sunderland’s Nissan plant, as part of a three-day visit to the North East to promote mutual trade opportunities.
The International Advanced Manufacturing Park is about significantly increasing opportunities for enterprise and employment across the North East and creating an opportunity for more export-led manufacturing.Alison Fellows, executive director of commercial development
Sunderland City Council and South Tyneside Council are developing the new manufacturing park together as part of their City Deal agreement.
The 100-hectare park, which will house automotive, offshore and other advanced engineering and manufacturing businesses, is expected to attract £295million of private sector investment and create about 5,200 new jobs initially.
Alison Fellows, Sunderland City Council’s Executive Director of Commercial Development, added: “The International Advanced Manufacturing Park is about significantly increasing opportunities for enterprise and employment across the North East and creating an opportunity for more export-led manufacturing.
“In fact, we are confident that developments here are as significant as Nissan’s first investment in Sunderland.
“And, with those developments, we’re reflecting the close working relationship between Sunderland, South Tyneside and the North East LEP that is creating the conditions for private investment and economic growth.”
Chief Executive of South Tyneside Council Martin Swales, who accompanied the ambassador on his visit to the site, said: “His visit is an opportunity to strengthen links between Taiwan and the North East and promote the A19 economic corridor as a location for inward investment.
“The manufacturing sector has been the key driving force behind Taiwan’s economic development so we were particularly keen to talk Dr Chih-Kung about our plans for the IAMP.
“The park is expected to create more than 5,000 highly skilled jobs in the first phase, and build on our track record for manufacturing and exports.
“Working hand in hand with Sunderland City Council, we are bringing the investment and infrastructure that will not only address the jobs gap we have now, but will provide a vehicle for long term sustained growth in the future.”
The IAMP is expected to be completed by 2027.