IAMP has been designated a ‘Nationally Significant Infrastructure Project’ by the UK Government.
Plans for infrastructure work have been submitted to the Government and further approvals are expected in coming months.
Henry Boot Developments will be responsible for the physical building of the site which is proposed for an area close to the A19 and to the north of Nissan’s existing manufacturing plant.
The Sheffield firm will deliver infrastructure works, such as highways and utilities, and floorspace for accommodation on the site, equivalent to more than 100 football pitches in scale.
Work could begin next year, subject to further permissions.
The councils aim to attract high tech industries, advanced manufacturing businesses, creating more than 5,000 jobs and attracting more than £300m of private sector investment over the next 10 years.
The Government has already pledged £42m through the North East Local Enterprise Partnership towards infrastructure at IAMP including new roads, bridges and environmental enhancements.
Councillor Paul Watson, Leader of Sunderland City Council, said: “The IAMP is one of the most strategically important projects in decades for Sunderland, South Tyneside and the entire North-East region.”
Vivienne Clements, Director at Henry Boot Developments, said: “We are delighted to be part of the IAMP partnership, developing a world class hub for businesses in the automotive and advanced manufacturing sectors.
“South Tyneside and Sunderland City Councils have a shared vision to develop this site as an attractive location for national and international business investment and job creation.”