Tyne unveils its green energy park plans

The 230-acre Tyne Clean Energy Park scheme includes new and redeveloped deep-water quayside facilities, with the potential to create 12,000 jobs and deliver GB£5.6 billion to the economy. 

“Accelerating offshore wind, renewable energy and advanced manufacturing is a national priority and requires decisive action,” said Matt Beeton, chief executive officer at the Port of Tyne.

”Located close to emerging North Sea wind arrays, this nationally strategic site offers deep-water access and a major development footprint to enable the creation of world-class infrastructure to support a growing supply chain offering.”

Huge undertaking

Tyne’s port infrastructure upgrade, being unveiled at London International Shipping Week, features 400 metres of additional deep-water quayside.

The plan for Tyne Clean Energy Park includes a kilometre of both new and redeveloped deep-water, heavy lift quay to facilitate the use of a 230-acre footprint sited within an Industrial Strategy Zone, providing similar benefits to freeports.

These include Business Rates relief, enhanced Capital Allowances, enhanced Structures and Buildings Allowance, employer National Insurance contributions relief and Stamp Duty Land Tax relief.

Phase one, Howdon Quay, with a 23,024 square foot warehouse and a dedicated berth is already complete and ready for business following a GB£6 million redevelopment.