The IAMP has great potential to make the region’s automotive sector stronger, more agile and even better prepared for the future.” As the IAMP is considered extremely important to both the regional and national economy, it will be subject to a special planning process known as a Development Consent Order (DCO).

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The proposed development will provide approximately 260,000m² of floor-space for businesses.

The Development Consent Order will be sought by IAMP LLP, a ‘Limited Liability Partnership’ set up by Sunderland City Council and South Tyneside Council to progress and deliver the development.

A decision is expected to be made by Government as to whether planning permission is granted by mid-2018.

Nissan divisional vice president for European manufacturing, Kevin Fitzpatrick, said: “The relationships we enjoy with local suppliers have been critically important to Nissan’s growth in Sunderland.

The consultation launch marks an important step in the development of the IAMP, set to unlock over £300million of private sector investment into the region.

Community consultation on the proposed masterplan will run from November 28 to January 16 2017, during which time all members of the community are encouraged to attend roadshow events taking place across the city and submit their feedback online.Now, less than a week on from the announcement, another major step forward has been taken, with consultation set to start for the International Advanced Manufacturing Park (IAMP), a site that could create more than 5,200 advanced manufacturing jobs.South Tyneside and Sunderland Councils are working in partnership to deliver the joint-development, which is expected to attract businesses in the automotive, energy, low carbon, logistics and offshore manufacturing fields."We believe the IAMP will grow this region's reputation as the manufacturing capital of the country," said Councillor Paul Watson, the leader of Sunderland City Council."Last week's Nissan announcement has brought some much-needed stability to the automotive sector, which is fantastic, and the assurance it has brought has created the right conditions for new investors to come forward.“It has the potential to be one of the most significant economic drivers to arrive South of Tyne since Nissan opened its doors in Wearside, and we are delighted to be working with our colleagues in Sunderland to secure this hugely significant opportunity for the whole of the North East.”A newly released map, which lays out how the 100-hectare site may look has been released ahead of the public consultation.It shows where a range of manufacturing buildings could sit; how a network of roads would connect across the site; where a bridge across the A19 would be located; and areas earmarked for green and landscaped spaces.“I have no doubt that this announcement will provide a springboard for the future growth and expansion of the North East automotive sector, which already generated £11billion of sales for the region and employs over 30,000 people directly.