The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
North East; Tees Valley and Durham; Hartlepool and Stockton-on-Tees
Location of affected unit(s)
Hartlepool
Sector
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.1 - Development of building projects
1,500 jobs Number of planned job creations
Announcement Date
1 January 2006
Employment effect (start)
Foreseen end date
Description
More than 1,500 jobs could be created with the expansion of a business park in Hartlepool. Council bosses said the £6.4 million plan by Durham-based Rivergreen Developments, is the biggest of its kind in the town for at least 15 years. It will see 80,000 square feet of new business units developed at the town's Queens Meadow Business Park. The news follows a recent announcement of a £500 million redevelopment of the town's historic harbour area. The development represents the third phase of progress at Queens Meadow. Work is expected to start later in 2006 and the first seven units could be completed within 12 months.
Sources
1 January 2006: BBC News
Citation
Eurofound (2006), Rivergreen Developments, Business expansion in United Kingdom, factsheet number 62775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62775.
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