A major regeneration milestone has been reached in Newcastle as a £121.8 million funding package is approved to transform Quayside West at Forth Yards, bringing new life to a site that has remained derelict for decades despite its prime location near Newcastle Central Station and the city centre.
The funding, approved by government and developed by Homes England in partnership with the North East Mayor and Combined Authority, Newcastle City Council, and Network Rail, will support vital remediation, groundworks, and infrastructure to resolve long-standing land issues that have hindered investment.
Quayside West, acquired by Homes England in 2024, has capacity for around 1,100 new homes and forms a key part of the wider Forth Yards regeneration, which aims to create a sustainable mixed-use neighbourhood and a new western gateway for the city.
The funding will enable the creation of a development platform and kickstart the procurement of a private sector delivery partner, expected to begin in the coming months. Public sector partners will continue to accelerate progress across the entire Forth Yards site.
Councillor Karen Kilgour, Leader of Newcastle City Council, said:
“This is fantastic news and shows the Government share our vision for the area.
“Forth Yards is arguably Newcastle’s most exciting development site that, in time, will provide thousands of new homes and create hundreds of jobs.
“The funding will act as a catalyst for development, allowing us to bring forward infrastructure improvements that will open up the site to attract much-needed private sector investment.
“In about 15 years, it will have created a whole new part of the city to the west and provided a new community for our residents while adding significantly to our economy.”
This announcement follows recent progress at Forth Goods Yard, another parcel within Forth Yards, which was named one of the first regeneration opportunities under Platform4, a new property company focused on transforming rail-led land into vibrant communities.
The regeneration of Quayside West is a strategic priority for Newcastle City Council and the North East Combined Authority, supported by a Strategic Place Partnership with Homes England. The project is central to the government’s wider ambitions to revitalise urban land, deliver new housing, and create well-connected, liveable neighbourhoods.
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