William Eichler 11 June 2024

Newcastle council borrows £8m for shopping centre revamp

Newcastle council borrows £8m for shopping centre revamp image
Image: Duncan Andison / Shutterstock.com.

Newcastle City Council has borrowed £8m to invest in a major shopping centre redevelopment.

Eldon Square in Newcastle is set to undergo a £65m overhaul which would see a former leisure centre and the top floor of a vacant Debenhams turned into a food, leisure and entertainment space.

The council, which holds a 40% stake, has agreed to take out a £7.8m loan to contribute to the development.

The redevelopment is expected to create up to 900 jobs and bring in £1m a year.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Place and Sustainability

Carmarthenshire County Council
£103,132 to £109,864
Carmarthenshire County Council is embarking on an exciting period of change, growth, and regeneration Carmarthenshire (Sir Gaerfyrddin) / with Hybrid working
Recuriter: Carmarthenshire County Council

Senior Highways Inspection Officer

The Royal Borough of Windsor & Maidenhead
£39,526 - £43,613 per annum
We have an exciting opportunity for a Senior Highways Inspection Officer to join us! Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead

Trading Standards Officer

The Royal Borough of Windsor & Maidenhead
£39,526 to £50,446 per annum
We have an exciting opportunity for a Trading Standards specialist to join us Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead

Sensory Support Lead

Middlesbrough Council
£41,771 - £44,075
We have an exciting role on offer within our Access and Safeguarding as a Sensory Support Lead. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

HGV Fleet Technician

Middlesbrough Council
£31,022 - £32,597
We have an exciting role on offer within our Highways Infrastructure and Fleet as a HGV Fleet Technician. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council
Linkedin Banner