The Toffee Factory, located in the heart of the Ouseburn Valley area of Newcastle, was first constructed in 1877 as a cattle sanatorium. Eventually it became Maynards sweet factory although the production of wine gums was once in jeopardy as it was opposed by strict Methodist Charles Gordon Maynard Snr in 1909 on the basis that alcohol consumption should not be encouraged!
After a rich and varied history, the building fell into disuse but is now owned by Newcastle City Council and has been refurbished to provide a space specifically dedicated to the digital and creative industries. Getting the building back on its feet and creating this vibrant space was possible due to a huge investment from the EU European Regional Development Fund. It’s now home to over 20 businesses and has created many new jobs in the process.
It’s a wonderful space to have a look at, and is lit up beautifully at night so well worth a visit!
The North East has received billions of pounds of investment over the decades from the EU. We are a net recipient of EU funds and the North East is entitled to more European funds than any other English region. The European Social Fund alone paid £157 million into the North East from 2007-2013. The European Regional Development Fund guaranteed £255 million between 2007 and 2013. Over the next five years the North East will get £726m in EU funds. The North East is also a net recipient of EU funds, which means for every £1 that we put in, we get £10 back—as well as the original £1.