Newcastle Airport business park plan promises 7,000 jobs
Newcastle Airport bosses say plans for a massive business park on its site could create up to 7,000 jobs.
The development, which would be on land south of the airport, will include office accommodation, freight warehouses and engineering hangars.
Aviation Minister Robert Goodwill travelled to the airport, which is seeing growth in passenger numbers, to announce the scheme.
The airport estimates the development could boost the local economy by £300m.
Planning permission for the first phase of the park has already been granted.
'Key UK airport'
Dave Laws, chief executive of Newcastle International Airport, said: "This is a very important development for us and one which we feel will be very popular.
"Other successful regional airports have been able to diversify their business and we see this scheme as critical in supporting the growth of the airport."
Mr Goodwill added: "Newcastle is a key UK airport and vital for the North East economy.
"This new business park offers an excellent opportunity for regional and international organisations."
Nick Forbes, leader of Newcastle City Council, said "The creation of this new business park is a clear indication of our growing economic confidence and we look forward to welcoming new investors to our city and region."
Phase one of the development consists of 175,000 sq ft of offices, consisting of six buildings which will accommodate up to 1,000 people.