Straddling the river, the Port of Tyne site covers 250 hectares shared between two boroughs within North East England: North Tyneside and South Tyneside. Both offer a variety of benefits to companies wishing to locate, invest and expand in the area.
North Tyneside is one of the most cost-effective regions in the UK, with highly efficient operating and labour costs. The North Tyneside workforce possesses a high level of skills, flexibility and professionalism, and the friendliness and work ethic of the local people have been major factors in attracting new investments. Employers in the borough tend to enjoy a high degree of employee retention, and wages and salaries are competitive with other UK regions, ensuring value and enabling companies to achieve a high return on investments.
North Tyneside Council’s dedicated Business Development Team offers tailored support to help businesses establish themselves in the area, providing expert advice and practical assistance with everything from sourcing suitable premises and recruiting a workforce to planning requirements and funding.
The borough has 50 business parks to choose from, offering some of the largest industrial spaces and most modern high-quality office accommodation in the UK. Cobalt, Quorum, Gosforth and Balliol business parks are four of the largest, attracting big names such as BT, IBM, Tesco Bank and Procter & Gamble.
The River Tyne North Bank Area within the borough has been granted Enterprise Zone status, offering extra incentives to investors. This includes the Port of Tyne’s North Estate as well as the former Swan Hunter and Neptune Yards close to the Port.
Investors in the area can also plug straight into an ICT infrastructure that is amongst the best in the UK, with superfast broadband and continual improvements.
More infomation can be found at www.northtyneside.gov.uk.