Work is about to start on a brand new hub for small businesses at a prime location on the banks of the Tyne.
The £1.9 million project at Swans – the former Swan Hunter shipyard site in Wallsend – will transform part of an existing office block to create new and flexible business accommodation, including incubation and development space.
The hub’s prestigious position within the River Tyne North Bank Enterprise Zone (EZ) will make the development ideal for small and medium-sized companies connected to the advanced engineering, sub-sea, marine, oil, gas or offshore renewable energy sectors.
It is expected that the combination of a unique location and flexible facilities will attract significant interest from businesses looking to link with larger firms and employers across the wider site.
The 34-acre riverside site is set to benefit from a number of improvements over the coming months, including new internal link roads, a new bridge on Benton Way for heavy goods vehicles, dredging and quay repairs.
The enhancements are part of North Tyneside Council’s ongoing work to transform the world-famous former shipyard into a high-quality riverside site for firms that are linked to advanced engineering, marine, renewable and sub-sea sectors.