top of page

Assessment of infrastructure for Sunderland City Council’s development of IAMP

October 2023

Amberside Advisors has been working with Sunderland City Council on their development of an International Advanced Manufacturing Park (IAMP) which is set to play a huge role in the area’s high-profile decarbonisation efforts.

Project details

Client:

Sunderland City Council

Sector:

Infrastructure, Public Sector

Subsector:

Energy Transition

Service:

Commercial Advisory, Business Case assessment

Photo credit: IAMP

The plan, which is a joint effort with South Tyneside Council, will see a new battery gigafactory built next to the existing Nissan plant, creating a unique opportunity for the automotive and advanced manufacturing sectors and significantly boosting the North East economy. 


Sunderland City Council has been at the forefront of implementing smart energy solutions to achieve their Net Zero Carbon Emission goals, committing to global sustainability objectives and ambitious targets set out in their city-wide Low Carbon Framework and the Sunderland City Council’s Low Carbon Action Plan. 


Playing an important role in the North East LEP, which is considered to be the UK’s leader in heat networks rollout, Sunderland Council has many innovative initiatives in the pipeline that help fuel the regional profile, such as being the pilot region for heat zoning. 


Amberside Advisors undertook a model and business case (and risk) review for the infrastructure needed to support the future development of an IAMP, as well as the plans to promote the adoption of heat networks in the local area. 


To deliver the mandate Amberside Advisors has: 


✓ Reviewed and critically assessed the outline business case and alignment with Authority Gateway process 

✓ Considered likely assessment of IAMP project under HM Treasury Green Book 5-case model ✓ Considered impact of status as Energy Intensive Industry (EEI) and interaction with the UK Emissions Trading Scheme (UK ETS) 

✓ Identified weaknesses in assessment of benefits for IAMP (and heat networks) 

✓ Considered business rates impact, including exemption for low carbon heat networks 


Following on from Amberside Advisors' involvement in the project, Sunderland City Council has backed the planning application and now in August 2023 their South Tyneside counterparts also expressed their approval for phase 2 of the development, reaching another important project milestone. 


It is expected that over the next 10 to 15 years, IAMP will support more than £400m of private sector investment, creating over 7,000 jobs. It has already been designated a ‘Nationally Significant Infrastructure Project’ by UK Government, which has provided £42m through the North East LEP towards infrastructure including new roads, bridges and environmental enhancements to support the development. 


To find out more about this project or about how Amberside Advisors can support local authorities in creating, reviewing and finalising business cases for infrastructure and energy transition projects, please contact Mark Easter, Amberside Head of Commercial Advisory.

Contact an expert

Amberside Advisors Symbol Logo.png

Amberside Advisors

Projects

Our latest projects

Financial and commercial advisory for Guy's and St Thomas' NHS Foundation Trust Strategic Energy Partnership

Amberside Advisors supported Guy's and St Thomas' NHS Foundation Trust in developing and procuring a pioneering Energy as a Service-based Strategic Energy Partnership with Meridiam.

Supporting Pioneer Point Partners with commercial due diligence for their investment in Rendesco

Amberside Advisors has supported Pioneer Point Partners with their £100m commitment and acquisition of the majority stake in Rendesco Limited.

Supporting ThamesWey with the disposal of a district energy network

Amberside Advisors acted as lead financial advisors to ThamesWey Limited to assist with disposal of TCMKL and their heat network asset.
bottom of page