Aykley Heads redevelopment Durham City’s Aykley Heads site is set to be transformed under plans which aim to attract more than 6,000 new private sector jobs to our area over the next 20 years. Aykley Heads is already home to Atom Bank and Salvus House, our business start-up and expansion facility, with more than 1,300 workers employed at 40 companies, not including the council. We’ve drawn up a masterplan for the future of the site which it is hoped will create thousands more jobs as well as generating a £400 million economic boost for the county’s economy. This ‘once in a generation’ opportunity, which will transform the economic prospects of our area, has been welcomed by a wide range of regional organisations including the North East Local Enterprise Partnership and North East England Chamber of Commerce as well as Durham University. The region’s leading business figures, including Sir John Hall and Edward Twiddy, Chief Innovations Officer at Atom Bank have also expressed support for the initiative. Independent analysis shows that the city does not currently offer sufficient premises for business growth – despite the fact that half of the enquiries made in the North East are from businesses which would consider locating in Durham. However, sitting in an established parkland setting with views of the UNESCO World Heritage Site - and just a few minutes’ walk from a mainline rail station and the city centre – Aykley Heads offers the perfect opportunity to address this need. Our plan, which will see the site redeveloped across three phases – with the first likely to progress in the near future –
6000
High quality private sector jobs.
Long term economic sustainability.
Public sector
Private sector
focuses on attracting quality jobs in areas such as finance, banking and legal services. There is also an emphasis on graduate spin-offs and research and development. The redevelopment of Aykley Heads, which will see us relocate to a site in the centre of Durham, also takes into consideration the natural landscape.
The Aykley Heads development will enable our young people to prosper. See what the younger generation has to say at:
www.durham.gov.uk/aykleyheads 8
Aykley Heads redevelopment