Enterprise Zone SitesTwo sites in North Tyneside have been granted Enterprise Zone status. The Swans Offshore Energy Park and the Port of Tyne North Estate are part of the overall North East Low Carbon and Advanced Manufacturing Enterprise Zone which has also been identified as one of six of the UK’s dedicated CORE (Centres for Offshore Renewable Engineering) sites. Together, the Enterprise Zones are expected to create more than 7,000 new jobs by 2022, with at least as many new indirect jobs in the local supply chain. Enterprise Zone status provides incentives for investors including a simplified planning regime making development and growth quicker and easier.
SWANS OFFSHORE ENERGY PARK
Swans Energy Park is home to 268m of deep-water quay with heavy load out facilities, adjacent wet berth, and support areas. The former shipyard includes the entire 31.96-acre site located on the North Bank of the River Tyne, with access roads, two quays, two river berths, a wet berth facility and vacant former office buildings.
Swans Energy Park combines capacity and capability with the Neptune and Offshore Technology Parks. The sites are owned and managed by Shepherd Offshore and occupied by companies such as JDR, Bridon-Bekaert, IHC, and Baker Hughes. Engaging all current users to develop connectivity and increase volume, the facility produces a win/win for the area and supply chain.
Offshore energy, subsea and marine businesses such as SMD, GE, WD Close, Subsea 7, A2Sea, ALE, Technip FMC and others have recently used the on-site quay and deep-water berths for load outs, mobilisation, and berthing.
PORT OF TYNE NORTH ESTATE
The Port of Tyne is the principal northern gateway to the UK and a key port in the North East and North Sea.
The Port operates with six business areas; Logistics, Car Terminals, Cruises and Ferries, Estates, Marine and Environmental Services and Conventional and Bulk Cargo, ensuring a dynamic trading hub for the region.
Thirty hectares of the Port’s North Estate, Whitehill Point and Royal Quays Enterprise Park, fall within the North Bank of the Tyne Enterprise Zone, which provides further incentives for investors in the offshore sector including enhanced capital allowances.