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FOCUS ON
NEWCASTLE-
THE VIBRANT
CAPITAL OF THE
NORTH EAST
There are many reasons why Newcastle Upon Tyne has
come to be known as the capital of the North East.
The current, vibrant leisure and
hospitality sector within Newcastle City
Centre cements the area as the go-to
destination for people of all budgets and
interests. Its range of restaurants and
bars are now second to none, and its
variety of aordable and higher end
hotels have been attracting more and
more visitors every year.
Earlier in the year, it was announced by
Newcastle City Council that annually the
night time economy in the city centre
alone is worth £487m thanks to 20.17m
local, national and international visitors.
These numbers are set to increase even
further as more new locations,
developments and opportunities emerge
and the sector continues to go from
strength to strength.
And who can blame people from the
rest of the world for visiting our fantastic
city? Over the past decade the city has
been revived with the ‘Alive After Five’
late night shopping scheme, with
shopping available until 8pm and free
parking in council multi-storey car parks.
The city’s restaurant scene has seen a
huge boost – with 78 new restaurants in
the city launched since the start of
Newcastle Restaurant Week.
Newcastle’s Bigg Market is set to be
transformed in a £3.2m project which will
see the public square upgraded, grants
given to its building owners to encourage
restorations and the former public toilets
made into a new bar. The area, which is
in the centre of Grainger Town, has
hundreds of listed buildings which will be
restored thanks to the Heritage Lottery
Fund.
Further highly anticipated
upcoming leisure projects
and schemes within
Newcastle city centre
include STACK
Newcastle, on Pilgrim
Street. This prime
retail and hospitality
spot will provide local SME’s with an
outstanding opportunity to take up a
business location with one of the highest
footfall’s in the country at very
reasonable rates. The scheme, which has
taken inspiration from the iconic Box Park
in London, will be the largest of its kind in
the city.
In addition, the increasing number of
bar and restaurant developments is set to
Great Exhibition of The North Open Evening © Graeme Peacock
72
PORTFOLIO MAGAZINE
