What's Happening?
Newcastle has received a £121.8 million funding package to transform Quayside West at Forth Yards, a site near Newcastle Central Station. The funding, approved by the government and developed by Homes England, aims to resolve land issues and support infrastructure development. The project includes plans for approximately 1,100 new homes and aims to create a sustainable mixed-use neighborhood. Public sector partners are accelerating progress, with procurement of a private sector delivery partner expected soon.
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Why It's Important?
The regeneration of Quayside West is a strategic priority for Newcastle, promising to revitalize urban land and deliver new housing. This development is expected to create thousands of jobs and significantly boost the local economy. The project aligns with government ambitions to create well-connected, liveable neighborhoods, enhancing Newcastle's appeal as a vibrant city. Stakeholders, including residents and businesses, stand to benefit from improved infrastructure and increased investment.
What's Next?
The next steps involve the procurement of a private sector delivery partner to advance the project. Continued collaboration among public sector partners will ensure progress across the Forth Yards site. The development is expected to unfold over the next 15 years, gradually transforming the area into a new community hub.
