India, Aug. 19 -- A new funding package worth £121.8 million has brought the transformation of Quayside West at Forth Yards in the heart of Newcastle another step closer for people of the city.
The package will fund vital remediation, groundworks and infrastructure activity, fixing complex land issues that have long acted as a barrier to investment at the site, which despite its prime location near Newcastle Central Station and the city centre, has lain derelict for decades.
Government has approved the business case for the package, developed by Homes England, working in partnership with the North East Mayor and Combined Authority, Newcastle City Council and Network Rail.
Matthew Pennycook, Housing and Planning Minister, said:
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