City Deal: Newcastle
The City Deal for Newcastle is part of the first wave of City Deals to get the go-ahead from government.
Documents
Details
The deal includes plans to:
- create an Accelerated Development Zone (ADZ) for Newcastle and Gateshead to unlock city centre growth
- secure a further £500 million in private sector investment into the marine and offshore sector
- establish Newcastle as a low carbon Pioneer City, working in partnership to accomplish its smart city ambitions and carbon reduction target of 34% by 2020
- improve employment opportunities
- develop a Joint Investment Plan with the Homes and Communities Agency (HCA), using HCA resources and Newcastle’s £25 million Future Homes Fund, to create 15,000 homes within Newcastle’s urban area
- reduce congestion on the A1 Western Bypass, working with government and local partners to reduce journey times on one of the most congested links in the national network
- invest in super-connected broadband infrastructure
Updates to this page
Published 5 July 2012