Jade Business Park
Jade Business Park phase 1 was fully occupied little over eighteen months after practical completion delivering 155,000 sq ft of quality new industrial space in Murton, County Durham. Phase two and three are in the final stages of planning.
Phase 2 and 3 are in the final stages of planning and are set to deliver in excess of 500,000 sq ft of additional industrial space at Jade Business Park.
Phase one of the 55-acre site delivered seven brand new industrial units, totalling 155,000 sq ft of new space for distribution, technology, and advanced manufacturing businesses. Jade tenants include Sumitomo Electric Wiring Systems Europe (SEWS-E), innovative modular house builder Corehaus, solar power innovator Power Roll, RG Distributors Ltd T/A ECatering, and Low Carbon Materials.
County Durham has a vibrant and effective labour market of 253,900 economically active people including:
Managers/directors, professionals and associated professional & technical – 93,100
Administrative & secretarial and skilled trade occupations – 51,200
Caring, leisure & other services. Sales & consumers services – 43,300
Process plant & machine operatives. Elementary Occupations – 54,100
Jade Business Park received funding support from the North East Local Enterprise Partnership’s Local Growth Fund.
Since 2015, the Local Growth Fund has invested more than £270m in major capital projects across all seven North East LEP local authority areas. The Local Growth Fund supports the delivery of the North East Strategic Economic Plan, which aims to grow a more productive, inclusive and sustainable North East economy and create 100,000 more and better jobs for the region.
All £270.1m from the Local Growth Fund has now been allocated in the North East LEP region, with all in-progress projects due to reach completion by 2024. Projects supported through the Local Growth Fund help drive innovation, improve support for businesses, support economic inclusion, and either help develop skills infrastructure or enhance strategic transport sites and public transport infrastructure.
To find out more about the Local Growth Fund, visit https://www.northeastlep.co.uk/funding.
JADE BUSINESS PARK PARTNERS