Forrest Park and West Midlands-based joint venture developer Richardson Barberry has secured planning permission to develop a £140 million business park at Newton Aycliffe.
The impressive 55-hectare site which Commercial People revealed earlier this year, will extend Aycliffe Business Park, making it the largest in the North East – and creating over 3,100 jobs that will boost County Durham’s economy by an estimated half a billion pounds over the next 20 years.
Highlighting just how much this means for the region, Cllr Simon Henig, Leader of Durham County Council, said: “I am delighted plans for Forrest Park have been approved. This is an opportunity for us to attract new businesses to County Durham, creating thousands of high-quality jobs and boosting the local economy.
“This is not just about investing in today; it is about creating an environment where businesses can flourish, and future generations of residents can access exciting opportunities and enjoy rewarding careers near to where they live.”
Forrest Park has already attracted international attention after featuring in a property portfolio by the Department for International Trade, showcasing the wide range of opportunities the UK has to offer foreign investors.
The eye-catching multi-million-pound development is a joint venture by Durham County council and the Forrest family and is supported by commercial property developer Richardson Barberry.
Barberry Developments Director Jonathan Robinson (pictured), said: “The approval of the Forrest Park planning application is major news for the North East. Working alongside Durham County Council, the Forrest family and the Local Enterprise Partnership, our vision is to create a business park that provides a wide range of high-quality accommodation, which will attract local, regional, national and international occupiers, stimulating economic growth and new jobs for the region.
“Following today’s committee decision, Richardson Barberry will continue to promote Forrest Park and further our conversations with several key occupiers. We now have a prominent motorway-connected, serviced and consented site oven-ready for development. We are excited at the prospect of delivering one of the North East’s premier business parks. We can provide building options for smaller occupiers on the trade park and bigger building options of circa 20,000 sq ft to 500,000 sq ft on the site.”
Featured Image: An artist’s impression of the new development at Forrest Park, County Durham.