Work is continuing at apace to bring businesses back to the riverside as part of an overall regeneration of Wallsend.
Business leaders in the borough were given an update of the latest situation regarding the former Swan Hunter site, now part of the River Tyne North Bank Enterprise Zone.
Successful offshore and renewable energy manufacturing businesses are already working along the river, and North Tyneside Council are confident more can be attracted to the Swans site.
Speaking at a breakfast briefing organised by North Tyneside Business Forum, attendees were told that £14m was being spent on regenerating the area.
Francis Lowes, senior manager, regeneration, at the council, said: “The bank already has advanced manufacturing in the subsea, offshore, oil and gas, and renewable energy sectors.
“The Swans site was identified more for businesses in the supply chain due to its position on the river bank.
“We’re doing design and procurement work. We’re upgrading the quays and strengthening them, putting new outlets in, improving electricity supply and drainage. As a result, we’re having to dredge the river constantly.”
He added that thanks to the enterprise zone status and strategic development framework, they were able to protect pockets of the riverside land from being turned into housing developments.