Issue 2 | Page 43

Sunderland news GREEN PRAISE FOR NORTHERN SPIRE HOUSES Retail boost for Sunderland as Next expands store Plans to build more than 1,000 new homes next to the Northern Spire bridge in the centre of Sunderland have won praise from the Campaign to Protect Rural England. The countryside charity opposes the unneeded development of Green Belt land and greenfield sites by developers intent on making the biggest possible profits. And Richard Cowen, chair of CPRE North East, says the sort of urban regeneration being planned around the Northern Spire is exactly the sort of forward-thinking development the country needs. He said: “We welcome this development because it will be good for the city and the community of Sunderland but also the surrounding countryside which all too often is the first choice of developers when it should be the last. “These houses will have a riverside setting next to a hugely iconic bridge and will bring new life back to this part of the city but they will also reduce pressure on the countryside because they will absorb so much of the need for further housing development in the borough.” More than 1,000 new affordable and highquality homes are to be built on brownfield land on the south side of the Wear crossing, creating a new community called Northern Spire Park. Sunderland City Council revealed its plans for the area, which it has taken into its control after the former landowner’s vision for housing on the site stalled. Preparatory works on the site are expected to take 12-18 months before the houses begin to be built. Retail in Wearside received a shot in the arm with leading store Next opening its new, expanded store. In a boost for the Sunderland high street, the company took over the vacant unit beside its existing store at the Bridges, increasing the store size from 10,221 sq ft to 14,710 sq ft. The new unit houses a much larger children’s wear section on the ground floor and an extended homewares section. The leading retailer confirmed earlier this year its plan for a larger presence in Sunderland, providing a major boost to the city centre. CAPITAL FUNDS NEW HOMES Businesses STACK up in Seaburn PORT TRADE ON THE RISE Commercial units in Sunderland’s eagerlyanticipated new STACK venue are on course for full occupancy after an influx of tenants signed on the dotted line to take space. STACK developer Danieli Holdings revealed that just three of the 22 units at the seaside venue remained vacant as of mid- August, after a large number of businesses – many of them Sunderland-based – committed to take space ahead of the late August opening. STACK will be a community space where people come together through music, sport, events and regular pop-ups, while making the most of the seafront destination with a range of indoor and outdoor activities. The Port of Sunderland has reported an 85 per cent rise in exports during the second quarter of the year, as it helped keep goods flowing in and out of the UK throughout the pandemic. The port played a key role in sustaining several of the country’s key sectors and supply chains during the period, welcoming ships carrying everything from agricultural fertiliser to steel, wood pulp and other raw materials. From April to June, the port handled 71,748 tonnes of cargo set for export – compared to just 38,661 tonnes for the same period last year – with vessel destinations around the North and Baltic Seas. A development of five family homes at a former school kitchen is nearing completion thanks to a £700,000 investment from a new funding scheme. The building work, on disused land near Sunderland, marks the first investment the North East Property Fund has made in South Tyneside. North Road (Boldon) Developments received the £700,000 loan to complete the construction of the five family homes in Boldon Colliery. The North East Property Fund was established with the aim of supporting the development of smallscale property schemes and is backed by Santander and the North East Local Enterprise Partnership (LEP). More info about the funding is available at fwcapital.co.uk wear.business – the voice of business for the Wear region | 43