The potential operators that we are working with are vibrant brands which are already active in other major UK cities. Their offer is much in demand.
Eldon Square already makes a substantial contribution to Newcastle’s economy. These proposals will add further economic benefits.
375 FTE on-site jobs, plus 38 FTE off site
This represents a 20% increase in employment at Eldon Square
£65m capital investment
490 FTE temporary construction jobs, sustained through build/fit-out programme
£16m added to the city’s economy every year (gross value added)
75% of jobs likely to be taken by residents within 10km
Bringing increased footfall to the wider benefit of Eldon Square
£1.8m of additional Business Rates per annum
