A CONTRACTOR has been appointed to carry out the transformation of a derelict toffee factory into a £6m centre for creative businesses.
It is expected to take a year for Sunderlandbased Brims Construction to transform the former Maynard’s factory, in Newcastle, into 25 business units.
The project is being led by NewcastleGateshead’s city development company 1NG.
Its chief executive Jim McIntyre said: “The fact that a building contractor will shortly be on site is really positive news in the current economic climate.
“Brims is a well-recognised name in the North East construction industry having worked on some of the region’s largest and most prestigious projects and we are delighted to be working with them.”
The scheme has the potential to create 12 businesses and 47 jobs, as well as safeguarding 111 jobs and remediating a major brownfield site in a key strategic location.
The project is part financed by the European Union’s ERDF Competitiveness Programme 2007-13, securing £3m ERDF investment. One North East is investing £2.75m in the scheme, with a further £250,000 support from Newcastle City Council.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here