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£150m Gateshead investment given green light

A £150m transformation of Gateshead town centre is set to bring over 1000 new jobs to the region.

The town will be given the facelift after planning permission was approved on Friday for a new Trinity Square development, submitted by Tesco’s regeneration subsidiary, Spenhill.

Work should commence in spring of next year with the Spenhill scheme set to boast a new town square, 45 retail units, offices, a student village with over 950 beds, town centre underground parking and a Tesco store as well as the potential for a hotel.

Leader of Gateshead Council, Mick Henry, said: “Gateshead Town Centre has been in need of regeneration for many years and we’ve considered carefully over recent years how we should go about delivering a town centre that will offer more than just retail – a town centre that will offer real employment opportunities and meet the expectations of people who live and work here. “

“This also demonstrates the confidence of one of the UK’s most significant investors, which will hopefully trigger further development in the wider town centre well into the future.”

Doug Wilson, Corporate Affairs Manager for Spenhill, added: “We are delighted by the decision of Gateshead Council. Trinity Square is a major, long-term investment in the Gateshead and North East economy that will generate thousands of job opportunities for local people and businesses.

“It is more important than ever that Gateshead attracts private investment and jobs. We believe our proposals for Trinity Square will act as a catalyst for future growth and employment in the area.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .