- Tyne Tees
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A new rope-making factory opening on Tyneside is set to bring a business and employment boost to the area.
International rope-maker Bridon believe the opening of a factory that could create the biggest rope in the world will create at least 50 jobs - as well as safeguarding a further 150 jobs at Bridon Neptune Quay's sister site on Willington Quay.
The Regional Growth Fund, which contributed over two million pounds towards the thirty million pound project, has estimated that as much as an extra £26.4 million pounds could be brought to the North East economy through private sector investment because of the new factory.
The largest rope-making machine in the world will be turned on today (November 15th) in Newcastle, heralding the return of heavy industry to the region and a boost to employment.
International ropemaker company Bridon have confirmed that the Tyneside factory will produce the largest and most complex ropes in the world - with some weighing up to 650 tonnes.
The factory is being opened by the Business Minister Michael Fallon.
Newcastle-upon-Tyne MP Nick Brown will also be at today's ceremony.
The factory at Bridon Neptune Quay is already taking on orders from multinational operators.