Heavy industry is returning to the region as a factory making the world's largest ropes will be officially opened on Neptune Quay in Tyneside. The new rope-making factory opening on Tyneside will bring business and employment boost to the area.
World-class factory brings boost to North East economy
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.
"This state-of-the-art facility will provide a welcome, long term business and employment boost to Newcastle, creating many highly-skilled jobs and encouraging the growth of industry in the North East.
Bridon Neptune Quay is the most advanced rope factory in the world, and is a clear example of the return of heavy industry to Tyneside - helping establish the area as a high-tech hub for the international offshore industries."