Joint Venture Partner for the Durham Innovation District
Main contract details
Opportunity Id
DN693068
Title
Joint Venture Partner for the Durham Innovation District
Categories
72000000 - Building and Facility Construction and Maintenance Services
80130000 - Real estate services
Description
Durham County Council are seeking a Joint Venture Partner to develop the council owned Aykley Heads site, as a catalyst for the new Durham Innovation District.
The 15ha site is within single council ownership; has outline planning permission for 39,000 square metres of commercial floorspace for up to 4,000 jobs. It sits within a wider 60ha area of the city that is the emerging Durham Innovation District, encompassing the new University Business School and Milburngate, a 450,000 sq ft mixed-use development.
Aykley Heads and the Durham Innovation District will provide a platform to maximise the benefits of economic growth. It will identify key areas of opportunity, including research and advanced manufacturing, green jobs, electronics, digital and creative, fintech, life sciences and satellite applications sectors. Inward investment will also be directly focused on these specialisms and ecosystems to create sustainable supply chains and jobs across the county and beyond.
Although the Joint Venture will initially focus on the Aykley Heads location, the JV scope (of goods, works and services) may be expanded in the future to cover wider County Durham area opportunities in order to support the strategic objectives of the Council and it's Partners
The 15ha site is within single council ownership; has outline planning permission for 39,000 square metres of commercial floorspace for up to 4,000 jobs. It sits within a wider 60ha area of the city that is the emerging Durham Innovation District, encompassing the new University Business School and Milburngate, a 450,000 sq ft mixed-use development.
Aykley Heads and the Durham Innovation District will provide a platform to maximise the benefits of economic growth. It will identify key areas of opportunity, including research and advanced manufacturing, green jobs, electronics, digital and creative, fintech, life sciences and satellite applications sectors. Inward investment will also be directly focused on these specialisms and ecosystems to create sustainable supply chains and jobs across the county and beyond.
Although the Joint Venture will initially focus on the Aykley Heads location, the JV scope (of goods, works and services) may be expanded in the future to cover wider County Durham area opportunities in order to support the strategic objectives of the Council and it's Partners
Region(s) of supply
Northumberland and Tyne and Wear
Estimated value
N/A
Keywords
Joint Venture, Innovation District
Key dates
Estimated contract dates
Start date
01/04/2025
End date
31/03/2035
Expression of interest window
From 10/10/2023 20:00 to 10/11/2023 12:00
Login and register interest in this opportunity
New to ProContract?
If you are not currently registered on the ProContract procurement portal, you can complete a simple registration process by clicking the following link - Register free
Contact details
Buyer
Durham County Council
Contact
Richard Carroll
Telephone
03000265422
Address
Corporate services
Durham
Durham
DH1 5UL
United Kingdom
Durham
Durham
DH1 5UL
United Kingdom
