The North East’s most successful technology park looks set to expand, with councillors being asked to support a near £50m investment at NETPark in Sedgefield.
The site would be extended with a new third phase, should Durham County Council’s Cabinet agree to £49.6m being used to finance the development.
NETPark was developed by the council and is managed by its business support service Business Durham. It is the region’s only science park and is occupied by 40 companies including Kromek, Filtronic, IBEX Innovations and PolyPhotonix. It also employs over 600 people in specialist sectors.
Kromek Group plc designs, develops and produces x-ray and gamma-ray imaging and radiation detection products for the medical, CBRNe security, Homeland Security and civil nuclear radiation detection markets.