Right in the heart of Gateshead is the £350m+ 12,500 capacity international grade arena, conference and exhibition centre. After securing £20m in funding from the UK Government’s Levelling Up Fund, The Sage Arena and International Conference Centre will transform the south bank of the Tyne into one of the UK’s most dynamic visitor destinations.
The impact on the Visitor Economy is vast, bringing an estimated 1 million+ additional visitors to the world famous Quayside, many for overnight stays. The potential ongoing economic impact is transformational for the businesses and residents of Gateshead with a direct investment of over £99m per annum in the local economy and an additional £70m of direct investment beyond the venue itself, particularly in the local hospitality sector.
Opening in 2025, the flagship project will act as a catalyst for the regeneration of the surrounding area and beyond, along the banks of the River Tyne.
At a glance
Key Partners: Ask Real Estate, PATRIZIA, Sage Plc
Key milestones: November 2021 start of enabling works, Autumn 2025 grand opening
54,000 sqm of entertainment, conference and hospitality space
For further information contact the Invest team on +44 (0)191 440 5761 or email@example.com.