North East Growth Accelerates as Lighthouse Green Fuels Announces Major Teesside Expansion
Following our recent update on economic growth across the North East, exciting news has emerged that further cements the region’s position as one of the UK’s most promising areas for investment and regeneration.
Lighthouse Green Fuels – backed by the global energy expertise of Saudi-based Alfanar Projects – has confirmed plans to relocate to a larger site in Seal Sands, Teesside. The move will enable the development of one of the world’s largest second-generation Sustainable Aviation Fuel (SAF) facilities. Once complete, the plant will convert around 1.5 million tonnes of sustainably sourced biomass feedstock into over 180 million litres of SAF every year. This alone will offset the equivalent carbon emissions of approximately 27,000 short-haul flights annually.
A Catalyst for Regional Growth
This landmark announcement, combined with the growing number of regeneration and investment initiatives already underway, highlights why the North East is rapidly becoming one of the most dynamic regions for economic development.
The Lighthouse Green Fuels project is expected to deliver a significant boost to the local job market, which in turn will drive increased demand for housing. At peak construction, the facility will require more than 2,000 temporary workers, creating a unique window of opportunity for investors looking to support the short-term accommodation needs of this expanding workforce.
Long-Term Employment and Housing Demand
Beyond construction, the launch of the SAF facility will generate 240–300 permanent, full-time jobs, including valuable apprenticeship roles that will help upskill the local workforce. This injection of stable, skilled employment is likely to attract new professionals and families into the area, increasing the demand for high-quality, long-term housing options.
With ongoing developments already strengthening the region’s economic landscape, the arrival of Lighthouse Green Fuels positions Hartlepool and its surrounding towns as emerging hubs for green energy and advanced manufacturing. These sectors promise not just short-term economic gains, but sustainable long-term growth built on renewable, future-focused practices.
A Strong and Growing Rental Market
Local sentiment and data already show strong demand for rental properties in Hartlepool, especially from working professionals and families. Both property prices and rental rates have been trending upward—and this project is expected to accelerate that growth. The influx of new jobs and specialist workers will likely intensify demand and contribute to a resilient and profitable rental market.
Why Investors Should Pay Attention Now
Across the North East, a pipeline of significant projects is set to transform the region over the next five years. This progress is poised to drive capital appreciation, heightened rental demand, and higher yields. With low entry points currently available and demand on the rise, now is a prime moment for investors to consider the region.
At New Street Properties, we are committed to staying closely informed about regional developments so we can guide investors toward opportunities that are not only profitable, but also meaningful for their long-term financial goals.
Sources:
Lighthouse Green Fuels
Hartlepool Mail