Plans for the new £13m Design Centre in Gateshead have been jointly submitted by One North East and Terrace Hill today.
One North East has committed £4.4m of Single Programme funding to its wing of the planned four storey building, which will combine with, 13 ERDF Programme’s £3.6m investment highlighting the confidence in the site’s potential. Remaining space is being funded by developer, Terrace Hill
Martin Vickerman, director at Terrace Hill Group said: ‘We are confident that this new centre will provide both stimulus for future investment in the design industry in the North East, together with a focal point for inspiring and promoting innovative and productive design companies in the region.’
Dianne Sharp, managing director at Bishop Auckland-based manufacturer, Mechetronics added: ‘Until now, general design and engineering support has been fragmented but this significant investment will go a long way to bringing together that network.’
If permission is granted, work could begin next year with the centre planning to open in 2010.