The Port is working closely with the Local Enterprise Partnership to access additional options for potential investors. Leading companies such as SMD and Technip Umbilicals are already based and operating in Tyneside.
Manufacturers can benefit from:
- Business rate discounts over a five year period
- Government help to simplify planning applications
- Government support to ensure superfast broadband is rolled out throughout the zone
- Enhanced capital allowances on plant and machinery
Business support in the region is already well integrated, with local authorities, universities,sector representatives and specialist centres working together to tailor solutions for businesses looking to locate in the area.
Major financial, legal and insurance companies with expertise in the marine services industry are located nearby.