THE new owners of Lingfield Point Business Park in Darlington have revealed a £30m five year plan to attract new businesses and build new offices, warehousing and housing.

Property investor Clearbell Capital bought the Park from Marchday last year. It is already home to the Students Loan Company, Capita, Amec and NFU Mutual.

Dominic Moore, the company's asset management director, said: "“Marchday did a superb job with this site and it has been a great success story, but we feel that we have the funding to take things further and make it an even greater success – we have big plans."

Darlington's good road and rail links were a major attraction and they hope to attract more blue chip businesses by improving the infrastructure and utilities, some of which date back to the original Patons and Baldwins wool factory.

Mr Moore said: "Exact details are still to be firmed up and they will develop over time according to the demands of potential occupants. We have already had interest. With the likes of Aycliffe Business Park pretty much full the demand is there for the type of high quality space that we can provide here.

"We regard this as a long term investment. It is great for Darlington and the North-East. We are very excited."