If you are thinking about relocating, North Tyneside offers outstanding opportunities for business development and a top-quality lifestyle – the area boasts the UK’s largest and most successful office park, two Enterprise Zones and superb transport links.

10 Reasons to Invest

Photo credit: Port of Tyne

1.    OUR WORKFORCE

  • The North East workforce is noted for its warmth, friendliness, dedication and above all, loyalty. Brand barometer Cool Brands lists the Geordie accent as one of the best regional accents for sales and customer service;
  • The workforce is famed for its loyalty, with one of the lowest attrition rates for contact centres in the UK, many of our companies in a variety of sectors report low staff turnover resulting in lower recruitment and training costs.

2.    OUR COST BASE

  • Industrial property costs are a third of those in London
  • Office costs are as much as 83% lower than London and the South East and 20% lower than Leeds and Manchester;
  • Home to workforce of over 1.1 million, our staff costs are 10% below the national average;
  • Average house prices are 45% lower than the UK average.

3.    OUR ECONOMY

  • Manufacturing is currently worth £7.5 billion to the North East economy and presents further growth opportunities due to a focus on supply chain retrenchment;
  • International companies such as Accenture and Convergys are key investors in North Tyneside;
  • From global brands to innovative start-ups, over 43,000 businesses have already taken advantage of growth opportunities in the North East, generating around £32 billion of GVA.

4.    OUR CONNECTIVITY

  • Our location gives the shortest access to Dogger Bank, the largest of the nine Round 3 offshore wind farm zones;
  • There are good connections to Britain’s two capital cities, London and Edinburgh, which are both under three hours’ commute;
  • The Tyne and Wear Metro system carries 40 million people every year and links major transport hubs with people and businesses;
  • Newcastle International Airport has been voted ‘Best Airport with up to six million passengers in the UK’ for the fourth year running by the Airport Operators Association;
  • The airport handles over 4 million passengers a year and offers direct access to hub airports such as London – Heathrow, Amsterdam – Schipol, Brussels, Dublin, Paris, Madrid and Dubai;
  • The relatively free flowing internal road network has some of the lowest average commuting times in the UK;
  • There are world class freight links in and out of the region by air and through its major ports, including Port of Tyne.

 5.    OUR EDUCATION

  • The region offers five first rate universities renowned for innovation, research expertise and collaboration with employers;
  • Over 100,000 students study at our region’s universities with nearly 50% studying STEM related subjects
  • 72,000 students graduate from North East universities every year with a higher than average retention rate of students that wish to start their careers in the region;
  • We boast the highest number of working age population, in any region, studying vocational qualifications
  • Our schools and colleges had the highest A level pass rate in the UK (2016).

6.    OUR SKILLS AND INNOVATION

  • The Offshore Renewable Energy Centre (ORE) in Blyth is the UK’s largest centre for advancing the development and integration of renewable energy and has on site the UK’s largest wind turbine tester;
  • More than 65,000 people work in the oil and gas sector and more than 70% of the oil and gas platforms operating in the North Sea were built in the region;
  • With the Centre for Process Industries and ORE Catapult, the North East is key to the government’s future growth strategy;
  • 40,000 skilled individuals are employed in the supply chain for process and energy intensive industries generating £10 billion in sales for the UK economy;
  • We have the highest growth in Apprenticeships in the UK.

7.  OUR EXPORT MARKET

  • The North East is the leading UK exporter and the only region with a trade surplus which stands at around £3 billion;
  • This is the only region in the country with a positive balance of trade in the export market, exporting over £14 billion of goods every year to every continent in the world;
  • The North East experienced the largest percentage rise in exporting businesses between Q1 2015 and Q1 2016.

8.   OUR DEVELOPMENT SITES

  • North Tyneside is home to two Enterprise Zone sites; the famous former Swan Hunter shipyard and the Port of Tyne North Estate, which is the largest single Enterprise Zone site at 30 hectares;
  • With over 50 business sites offering a range of modern, flexible and affordable premises including Cobalt Business Park, the UK’s biggest and most successful business park,  the borough has commercial property to meet the needs of every company;
  • North Tyneside has developed a reputation for attracting major national and international businesses to the area including Procter & Gamble, Balfour Beatty, Hewlett Packard, Santander, Tesco Bank, Convergys, Accenture, EE and Fabricom.

9.   OUR LIFESTYLE           

  • We boast a top 20 rating from The Telegraph Travel Awards 2016;
  • Breathtaking beaches on the doorstep in North Tyneside and iconic castles at Bamburgh, Alnwick, Warkworth and Dunstanburgh are just a short drive away through beautiful countryside or along a stunning coastline.  The North East has six Blue Flag beaches;
  • The North East boasts two UNESCO World Heritage Sites in Hadrian’s Wall and Durham Cathedral and a wealth of castles, historic houses and gardens;
  • A third of the North East is designated as an Area of Outstanding Natural Beauty or National Park.

10.   OUR REPUTATION

  • North Tyneside was voted top local authority for cost, connectivity, quality of life and commercial premises by the Municipal Journal and Local Futures Investment Guide;
  • Lonely Plant Bluelist voted the North East the most exciting, beautiful and friendly region in the whole of England;
  • North Tyneside attracts around 6 million visitors each year and has a visitor economy worth around £280 million, supporting over 3000 jobs in the borough;
  • Tynemouth has been named the Best Seaside Town in Britain by respected travel brand Rough Guides.