Supermarket giant Tesco has today announced that it will no longer be building a new store in Amble.
The town development, which would have seen a store north of Queen Street and adjacent to the Braid, is one of 49 across the country that have been pulled by the company, because of financial pressures.
Dave Lewis, Tesco chief executive officer, said: “It is with a heavy heart that I am today announcing that we are unable to proceed with 49 planned new store developments across the UK, including our planned store in Amble.
“Our performance as a business has fallen significantly short of where we would want it to be and my absolute imperative has to be to protect the future of our business for the 300,000 colleagues we employ in communities all over the UK.
“I know that this news will be a real disappointment to many people in the local community and we’re extremely grateful for the support we’ve received for our plans. I am very aware of the importance of the site to the area and I am determined that we will work closely with Northumberland County Council to find the right solution for the local community.”
Even as recently as September last year Tesco announced that demolition work at the site was due to start but today’s announcement will come as a blow to the community. Read reaction to the news