A MULTI-million pound business park that will create up to 1,000 jobs is to have an extra £10m invested in it, developers announced last night.
The development at the former Samsung factory, in Wynyard, Teesside, will have an extra 50,000sq ft of offices following an investment by developers Wynyard Limited.
It was announced in November that the Wynyard One park would have £25m of private investment and the potential for 1,000 jobs, subject to planning permission.
Chris Musgrave, managing director of Wynyard, said the latest office development would offer space for small and medium-sized enterprises.
He said: "We want to create a sustainable business community here at Wynyard, accommodating both large and small companies. We want to develop different sorts of accommodation, from 2,500sq ft to 400,000sq ft."
The first phase of the office development includes 12 units aimed at small to medium-sized companies.
The offices will also be supported by a £5m investment by Wynyard Ltd into the site's infrastructure to ensure that the latest technology is available.
Darlington-based Niven Architects has been appointed to create the scheme.
An application by Wynyard Ltd to relax planning restrictions, allowing non-electronics companies to occupy the site is being considered by the local authority.
Heliosborough Estates agreed terms with Wynyard Ltd last year to develop a £20m, 400,000sq ft distribution centre on 38 acres of the former electronics site, creating 500 jobs.
Glamal Engineering Limited, of Billingham, will spend £5m moving to the former microwave ovens factory, while technology group Capgemini has extended its lease by ten years.
The Science, Engineering, Manufacturing and Technologies Alliance - the Government-backed agency for industrial and vocational training - has also agreed to move to Wynyard One.
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