The Benefits

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Gateshead is currently served by a range of retail and leisure developments, including those within the Town Centre, at the Metrocentre and at Retail World (Team Valley). However, with the exception of a number of freestanding foodstores and other smaller shops, which meet only day to day needs, provision on the eastern side of Gateshead is limited.

 

There is also a need to provide accommodation for retail and leisure operators who are either not represented in the area or require additional stores/units. This could include operators who have been displaced from existing destinations in Gateshead (for example, Team Valley) and who might otherwise be lost to the Borough.

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The proposed development would also provide facilities that enhance the attractiveness of the wider Baltic Business Quarter area.

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The proposed development would result in a range of benefits for the area. It would:

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Redevelop a largely vacant site, which lies in a prominent location

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Enhance the choice of retail and leisure facilities on the eastern side of Gateshead

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Provide complementary facilities for existing and future residents in the surrounding area

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Create around 140 full-time equivalent jobs, as well as spin-off employment

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Reduce the need for people to travel to meet their retail and leisure needs

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Help to stimulate interest in the redevelopment of adjoining sites, including within the BBQ

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Generate additional visits to Gateshead Town Centre

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Include a landmark micro-brewery/pub-restaurant building, which draws people into the site

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Significant investment (£8.8m) in the local area

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Land reserved for potential highway Improvements