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£6.5m NETPark extension begins

WORK is now underway on a new £6.5m extension at one of the North East’s science parks.

Two brand new units will be added to the North East Technology Park (NETPark) in Sedgefield, which is home to a host of science and technology businesses.

The additional units are being specifically developed to cater for businesses that have either grown successfully at the NETPark Incubator and now require larger premises, or for other expanding companies that wish to move to NETPark.

Councillor Neil Foster, Durham County Council’s cabinet member for regeneration and economic development, said: “We have already seen many businesses at NETPark managing to develop and expand at pace, and so the addition of space that offers room for growth for businesses is a real step forward.

“Science and technology is a growing and resilient sector, and there is an increasing need for specialised business space and support that meets the changing needs of fast-developing companies. “

The Park, one of the fastest growing of its kind in the UK, houses businesses in the science and technology sectors that are expected to create thousands of high-quality jobs for the region in the future.

The extension has been partly funded by the European Regional Development Fund and One North East’s Single Programme.

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