North Tyneside Council is pitching to developers to invest part of £50m to transform the former Swan Hunter shipyard.It is inviting companies to help build warehouses, offices and a "learning village" that could then support thousands of jobs in the off-shore marine sector, among others.
The council told North East Tonight that around 40 companies have already signed up to an open day to visit the site, ahead of the procurement process.
More top news
Kerrie Gosney brings you Saturday night's forecast
Showers becoming heavy and thundery Saturday afternoon. Drier for a large part of Sunday
Robert Hodgson, from Stanley, County Durham, committed the offences on the girls, aged as young as five or six, up to the age of 13.