High-profile projects and regeneration schemes throughout the North-east have had a significant impact on the local construction industry. The largest project under way in the region is a regeneration scheme in Sunderland, headed up by Sunderland Arc, a public-private consortium. A 15-year plan valued at over pound;1.4bn, the scheme will redevelop some of the most neglected areas near the city centre and along the river. There are eight planned regeneration areas, comprising residential, retail, light industrial, commercial, office and leisure developments.
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