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Thousands of jobs to be created in Newcastle with new development

Newcastle City Council have announced that funding has been secured for a 200 million pound development that could create more than 2000 jobs in the city.

The development will transform the area near to central station Credit: Artist's impression

Developers Silverlink are understood to have agreed a deal with Aviva and Royal Bank of Scotland to regenerate the historic Stephenson Quarter around Central Station.

Work is due to begin on the new building project Credit: Artist's impression

The project had been due to start in March 2011 but was shelved because of the economic climate.

However, the council now says that work will begin immediately.

The site will include a new hotel, office space and an art gallery. Credit: Artist's impression

The 10-acre site will include a new hotel, office space and an art gallery.