Developers have submitted a planning application to deliver a £140m development – with more than 1.75 million sq ft of accommodation – on Aycliffe Business Park, which could create thousands of new jobs.
Joint venture company Forrest Park Newton Aycliffe, supported by leading commercial property developers Richardson Barberry, has applied to Durham County Council for outline planning consent for the expansion of Aycliffe Business Park on the 116-acre Forrest Park site located on Junction 59 of the A1(M).
The proposals include a range of business, industrial and distribution units varying in size from 30,000 sq ft to 500,000 sq ft, a trade park consisting of 11 units from 5,000 sq ft to 10,000 sq ft, and ancillary amenity uses including roadside food offerings, a public house and a restaurant.
There is also the potential to accommodate a rail freight interchange.
Forrest Park – which has attracted £13m funding from the Local Enterprise Partnership – could create 3,200 jobs and deliver a gross value added economic boost to the area of £495 million over the next 10 to 15 years. A planning decision is expected in April.
Jonathan Robinson, Barberry Developments director, said: “It has been a pleasure working alongside Forrest Park Newton Aycliffe and we are excited at the prospect of delivering one of the North East’s premier business parks and it’s great that we have reached the stage where the proposals are now with the planners for them to consider.
“Working alongside Durham County Council, the Forrest family and the Local Enterprise Partnership, our vision is to create a business park that provides a wide range of high quality accommodation to attract major investment and jobs to the region.”