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."
The demolition of the former ICI headquarters in BIllingham on Teesside will begin later today. The disused site has stood empty for more than a decade and has been at the centre of a legal wrangle between its owners and Stockton Council.
The council finally won its legal bid to have the building demolished after arguing that it was dangerous and an eyesore. Work to demolish it will be launched by a local resident who will sound an airhorn.
We are working closely with local politicians, Northumberland County Council, the North East Local Enterprise Partnership, the Government and other interested parties to ensure we promote the site and all of its credentials to potential investors with credible and sustainable business plans.
Linked directly to the RED strategy is the legacy that Rio Tinto Alcan wants to leave behind. Our extensive legacy programme will ensure we leave the community stronger and more self-sustaining in the face of future challenges.
– John McCabe, Regional Economic Development Director