Newcastle Building Society has announced a major expansion plan, which will see it move part of its operations to a new base in North Tyneside.

The jobs will be in various positions across the company, including finance, customer support, administration and management.

The society currently employs more than 1,000 staff across its 37 branches and main offices.

Chief executive Colin Seccombe said the firm was looking to move into its new premises at the Cobalt Business Park early next year.

The majority of jobs, to be created over the next five years, will be within its Strategic Solutions division, which provides technology and administrative support services to third party clients, such as banks and other building societies.

Mr Seccombe said: "We have recently enjoyed significant growth across the whole business.

"Cobalt Business Park offers us the best solution in terms of location and facilities and also meets requirements to replace our current Wideopen site as a business continuity centre."

Development agency One NorthEast has invested �1.3m into the expansion project.