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The MJ and Local Futures Investment Guide
InvestNorthTyneside
Tel: +44 (0) 191 643 6409
Email: [email protected]
Web: www.investnorthtyneside.co.uk
Twitter : @investnorthtyne
Manchester
Birmingham
London
Leeds
Edinburgh
Newcastle
Welcome to North Tyneside
The home of opportunities.
Including two of the UK’s largest
and most successful office parks, two
Enterprise Zone sites, competitive
wages, low operating costs, superb
national and global transport links,
research and development expertise
and more.
Just some of the organisations already in North Tyneside:
Why we arebest for business
World-class premises
Choose from some of the most modern, flexible and affordable business and industrial space
on the market, including Cobalt; the UK’s largest office park, and Quorum Business Park; which
offers one of the most attractive location packages in the UK.
Cost-effective
North Tyneside is one of the most cost-effective regions in the UK, with very competitive
wages and lower than average operating costs, ensuring value for money and a high return
on investment.
Well-connected
North Tyneside has an international airport and ferry and cruise terminals on the doorstep.
It also benefits from fantastic road links throughout the area and beyond, with relatively low
levels of congestion. Plus the fast and efficient Tyne Tunnel makes it quick and easy to connect
to the south of the region.
High-quality public transport includes the Tyne and Wear Metro Rapid Transit System, which
links directly to the East Coast main rail line and to Newcastle International Airport - which
offers up to 15 scheduled flights to London each day, as well as many other European and
global destinations.
Home to two enterprise zone sites
Enterprise Zone status has been granted to two sites within one of the largest regeneration
projects in the UK and Europe; the River Tyne North Bank area. These sites include the former
Swan Hunter Yard in North Tyneside and the Port of Tyne North Estate. The Enterprise Zone is
expected to create over 7,000 direct new jobs by 2022.
Productive people
The loyalty, productivity, commitment and work ethic of North Tyneside’s workforce is one of
the area’s most valuable assets. Our people are not just highly skilled, they are also extremely
adaptable, friendly and hard-working.
Skills and training provision
The four local universities of Newcastle, Northumbria, Sunderland and Durham provide
world-class higher education to around 85,000 students. Once graduated, around two-thirds
stay in the area, giving companies access to fresh talent, year after year.
“Although a relatively small
borough, North Tyneside
punches above its weight
when it comes to what it
can offer investors.”
The MJ’s Investment
Guide to England:
Employment and
Infrastructure
Research and innovation
With a range of Innovation Hubs linked to the expertise of the region’s universities, North Tyneside
brings together research and development activity and university spin-off companies in locations
which encourage knowledge-sharing and collaborative working.
Key sectors
North Tyneside has a diverse economy comprising traditional manufacturing and engineering
industries as well as a mix of exciting new sectors including digital, health and life sciences and
renewable energy.
Quality of life
North Tyneside and its surrounding areas offer an outstanding quality of life. Enjoy affordable
executive housing, high-performing schools, stunning award-winning beaches, unique town centres
and beautiful open spaces. The area also boasts a wide range of international sporting and leisure
activities, culture and heritage, vibrant and varied entertainment, a cosmopolitan nightlife and
much more.
World-classpremisesModern, flexible and affordable - North Tyneside is home to over 50
business sites, including the UK’s biggest and most successful office park.
Whether you’re looking for a new HQ, a small office base or a 40 hectare
industrial facility with river access, all of our sites offer fantastic opportunities
for location or expansion.
Because of our . . .
“The location and quality
of Intersect 19 combined
with the immediate access
to a labour force made the
development an obvious
choice for our expansion
programme."
Bruce McHardy, Managing
Director, Fishers
best for business
Some of our most popular sites include:
Cobalt Business Park
Cobalt is the largest and most successful office park in the UK, offering over two million square feetof office space, built or under construction.
It is already home to national and global organisations including Procter & Gamble, Accenture, G4S, Balfour Beatty, Hewlett Packard, EE, Jobcentre Plus and Santander.
Cobalt is also one of the best-connected and sustainable parks in the UK, located just off the A19and close to the Tyne Tunnel.
The park has an employment catchment of 1.1 million, and once complete, it will employ morethan 18,000 people. Cobalt also offers an exclusive staff benefits package including events, lifestyleand travel discounts.
For more information visit www.cobaltpark.co.uk
Cobalt Data Centre
The Cobalt Data Centre Campus represents an advanced, energy-efficient data centre campus, located at Cobalt Park, consisting three separate state-of-the-art facilities; providing 110,480 sq ft of net-technical space.
Each data centre has been completed to a powered shell standard in order to facilitate bespoke fit-out to occupier requirements (all available and can be fiited-out in 16-18 weeks); with individualhalls ranging between 6,458 -11,474 sq ft.
In addition the site has the benefit of advanced connectivity to the UK fibre backbone networkproviding the highest levels of speed and capacity.
For more information visit www.cobaltdatacentre.com
Quorum Business Park
Quorum is one of the most successful business parks in the country, with 12 companies and 4,000jobs coming to the park over the last 4 years.
Major organisations such as Tesco Bank, Convergys, Fabricom, Ebiquity and insurethebox have all moved to the park, attracted by the first class amenities and superb location.
Situated less than four miles from Newcastle City Centre, it benefits from excellent transport links.It also offers a free on-site sports club, shops, restaurants, training facilities and more.
For more information visit www.quorumbp.co.uk
Tyne Tunnel Trading Estate
The Tyne Tunnel Trading Estate is a well-established industrial, storage, distribution and office parkestate. It also offers 40 acres of development land, offering great opportunities for business.
Its prime location, just off the A19 Tyne Tunnel approach road, makes it ideal for access to the restof the region.
The estate is also home to Axis 19 which has an additional 215,000 sq ft of space and Intersect 19- a new 300,000 sq ft development, offering high bay units for industrial, commercial and distributionneeds. The site has also recently undergone significant investment and refurbishment. Companieshoused on the estate include Maersk, SMD, Aquatran, Fishers and Bay Plastics.
For more information visit www.investnorthtyneside.co.uk
“Both Quorum and Cobalt
should be seen nationally
as leading examples of
imaginative, people friendly
business parks. They have
both been highly successful
in attracting and retaining
only the best calibre of
staff.”
Tony Hordon, Senior
Director, Business Space,
DTZ Newcastle
CosteffectiveCosteffectiveCompetitive wages and lower operating costs make North Tyneside
one of the most financially rewarding places to locate in the UK.
You can easily secure high quality office or industrial space and pay up to 50% less than in London
and the South East, or 20% less than in Leeds or Manchester.
Average wages are around 12% below the national average and operating costs are also generally
lower; with suppliers and services being typically less than other parts of the country.
Less congestion also makes it easier to deal with suppliers and customers.
Such lower costs also make it affordable for businesses to expand, employing more staff and
creating additional jobs. Plus, if your business locates within one of the two Enterprise Zone sites in
North Tyneside, it will reduce your costs even further.
Because we are . . .
“We first came to North
Tyneside with a
communications centre
operation. It has been so
successful that we again
chose North Tyneside for a
major office requirement.”
Stephen Lee, EE
best for business
High quality office and
industrial space is up to
50% less than in London
and the South East and
20% less than Leeds or
Manchester, with
average wages around
12% below the national
average.
Commercial property cost
Prime Office Rents Prime Industrial Rents
Average travel times
Location Per Sq Ft/Per Annum
London (West End)
London (City)
Manchester
Edinburgh
Birmingham
Bristol
Glasgow
Leeds
Cardiff
North Tyneside (Cobalt)
North Tyneside (Quorum)
£110.00
£55.00
£30.00
£29.00
£27.50
£27.50
£27.00
£24.50
£22.00
£16.50
£14.95
Location Per Sq Ft/Per Annum
London (Heathrow)
London (Croydon)
Bristol
Edinburgh
London (Romford)
Glasgow
Manchester
Birmingham
Cardiff
Leeds
North Tyneside
£12.75
£8.25
£7.75
£7.25
£7.00
£6.25
£5.75
£5.75
£5.50
£5.00
£4.25
Significant rent free periods
Birmingham
Edinburgh
Glasgow
London
Leeds
Manchester
3hrs 55mins
2hrs 55mins
3hrs 15mins
5hrs 5mins
2hrs
2hrs 45mins
3hrs
1hr 25mins
2hrs 30mins
2hrs 50mins
2hrs 20mins
2hrs 20mins
Road Rail
*
*
*
best for business
Source: Cushman & Wakefield - Q3 2013 Source: Cushman & Wakefield - Q3 2013
Well-connected
North Tyneside enjoys excellent road, rail, sea and air links to the rest of the
UK, Europe and beyond. These services are expanding all the time as the area
develops as an economic hub.
Newcastle International Airport – voted ‘Best UK Airport’ by the Airport Operators Association
(AOA)for the last four years – is just a short drive from the borough, and provides regular access to
key airport hubs including:
• 15 flights a day to London’s Heathrow, Gatwick and Stanstead, with an approximate
fligh t time of one hour
• 6 flights per day to Amsterdam Schipol
• A daily Emirates 777 service to Dubai, which provides access to a global network of routes and
destinations
• Direct flights to a range of major European cities, including Paris, Rome,
Copenhagen, Barcelona, Geneva and Dusseldorf, as well as a range of UK cities.
Rapid regional and national road links are offered via the A1 and A19. The opening of a second
Tyne Tunnel has transformed North East traffic flow, eliminating queues and unlocking even more
potential for business.
High quality public transport includes the quick and convenient Tyne and Wear Metro system, which
is currently undergoing a £400m programme of investment. The Metro directly links North Tyneside
to Newcastle International Airport and Newcastle Central Station.
From Newcastle Central Station, the cities of London, Manchester, Leeds, Birmingham, Glasgow and
Edinburgh can all be reached in less than three hours, with trains to London running every half hour.
The Port of Tyne offers roll-on, roll-off facilities, deep-water river berths and customs-approved
warehousing and storage, including a one-stop logistics service.
It also has an international passenger ferry terminal offering cruises to European destinations, with
new routes being connected all the time.
Because we are . . .
Home to twoenterprise zonesitesNorth Tyneside is home to two new Enterprise Zone sites; the former Swan
Hunter shipyard and the Port of Tyne North Estate, which is the largest
single Enterprise Zone site at 30 hectares.
The two sites are part of the overall North East Low Carbon and Advanced
Manufacturing Enterprise Zone.
Because we are . . .
The River Tyne North
Bank area has been
identif ied by the
government as one
of six Centres for
Offshore Renewable
Engineering (CORE)
across the UK.
best for business
Enterprise Zone sites can offer investors:
• Business rate discounts or enhanced capital allowances
• A simplified planning regime making development and growth quicker and easier
• Government support to ensure that superfast broadband is rolled out throughout the
Enterprise Zone.
The former Swan Hunter site occupies a key riverside location close to Wallsend town centre and
forms part of a much larger strategic, deep water, riverside employment area. This site is ideal for
smaller companies either in the offshore wind turbine supply chain or in the subsea sector.
Firms locating here can benefit from business rate relief for five years.
North Tyneside Council has invested £13.6m, including £6.8m ERDF funding, in extensive
infrastructure improvements to the site. The works include additional utility provision, access
improvements, quay edge improvements and dredging.
The Port of Tyne North Estate Enterprise Zone site, which is only 96 nautical miles from Dogger
Bank, is targeted at a large inward investor in the offshore wind turbine industry. This site benefits
from enhanced capital allowances, with 30 hectares of a larger 50 hectare site designated as an
Enterprise Zone.
It is estimated this Enterprise Zone will bring around 7,000 new direct jobs to the area, with at least
as many new indirect jobs in the local supply chain.
A Centre for Offshore Renewable Engineering (CORE)
The River Tyne North Bank area has also been identified by the government as one of six Centres
for Offshore Renewable Engineering (COREs) across the UK.
COREs are partnerships between Central and Local Government and Local Enterprise Partnerships
(LEPs) that ensure businesses looking to invest in manufacturing for the renewables sector get the
most comprehensive support possible.
Momentum towards a low carbon economy is accelerating, and the North East is one of the best
places to build low carbon businesses in order to compete in the global market.
It has the right infrastructure for manufacturing, access to a skilled workforce, an experienced local
supply chain and committed local leadership.
The River Tyne itself offers a world class port and extensive development opportunities. It is also in
close proximity to the largest planned wind farm zone positioned directly off the North East coast,
and represents a major opportunity for energy companies, developers, turbine manufacturers and
installation specialists.
“North Tyneside is primed
and ready for growth.
The North Bank of the
Tyne offers a wealth of
opportunity for subsea and
offshore industries with
deep port locations and
easy access to the North
Sea.”
James Ramsbotham,
Chief Executive,
North East Chamber of
Commerce
ProductivepeopleNorth Tyneside’s workforce is one of our most important assets.
Our people are loyal, committed, highly skilled, adaptable, friendly, hard-working and productive.
The result is staff you will want to keep, who will also want to stay with you, adding real value to
your business as it grows.
Plus, with almost one million residents located within a 30 minute drive, there is a vast pool of
talented individuals to tap into, to drive your business forward. One quarter of the local labour
pool is educated to degree level and this figure continues to rise.
Once qualified, around two-thirds choose to stay in the area to pursue a career, meaning
businesses can recruit from a fresh wave of talented graduates, year after year.
Because of our . . .
best for business
Because of our . . .
We know how important it is for businesses to have access to a workforce
with the right skills.
That is why we have established strong links between our business community, education and
training providers, so that the skills needs of local businesses can be matched with training provision.
The result is that many of our schools and colleges already offer training tailored to emerging
business sectors, and our young people are equipped with the skills and qualifications that local
businesses need.
For example, a new Energy Academy – located next to our enterprise zone site on the River Tyne
– offers bespoke skills training for the renewables sector.
Our unique borough-wide Learning Trust, involving 34 schools, local employers and further and
higher education institutes, works to improve education and training for young people.
Members of our North Tyneside Business Forum have joined forces with North Tyneside-based Tyne
Metropolitan College to ensure that businesses’ future skills needs can be met.
North Tyneside Council also offers support to recruit and train your workforce, including the
recruitment of apprentices.
All of this means that North Tyneside is ahead of the game when it comes to workforce
development, listening to businesses and helping them meet their people and skills needs.
Skills and training provision
“As a business-focused
university we’re acutely
aware of the role highly-
skilled, well-qualified people
can play in a firm’s success.
From apprenticeship
through to postgraduate
researcher, the North East
offers the opportunity for
career long learning.”
Andrew Sugden, Head of
External Engagement,
Northumbria University
These centres bring
together research and
development activity
and university spin-off
companies in locations
that encourage
knowledge-sharing and
collaborative working.
best for business
Locating to North Tyneside means you have internationally renowned research
and development capabilities and facilities on your doorstep.
The region’s four universities of Newcastle, Northumbria, Sunderland and Durham, are at the
forefront of research and development across a range of sectors including engineering, energy,
applied science, design and medicine - and all enjoy close links with local business and industry.
Innovation Hubs linked to the expertise of the universities bring together research and
development activity and university spin-off companies in locations that encourage knowledge-
sharing and collaborative working. They are also supported by a strong network of supply chain
initiatives and peer-group networking across a range of sectors.
In North Tyneside, plans for new research and development facilities and incubator hubs are in
the pipeline for the Enterprise Zone sites on the North Bank of the Tyne, to support new
businesses in advanced manufacturing.
The National Renewable Energy Centre (Narec)
The North East is also home to the National Renewable Energy Centre (Narec).
Narec has invested over £150 million of UK Government, private sector and European Regional
Development Funding (ERDF) in world-leading research, test and demonstration capabilities
which are enabling industry to deliver lower cost and more reliable offshore wind, wave and tidal
energy technologies.
The Catapult
Narec is a partner in the Offshore Renewable Energy Catapult which forms part of an elite
network of seven technology and innovation centres established and overseen by the Technology
Strategy Board. The Offshore Renewable Energy Catapult will coordinate, lead and facilitate the
rapid development and commercialisation of innovative technologies and technological solutions
that also give maximum economic impact in the field of offshore renewable energy.
For more information on Narec and The Catapult, visit www.narec.co.uk
Researchand innovation
Because of our . . .
Engineering and production
North Tyneside has a proud history in engineering that continues into the 21st century. Today the
borough offers a wide range of engineering expertise from conventional capabilities to new cutting
edge fields of manufacturing.
The River Tyne remains a focal point for engineering excellence and is one of the strongest
providers of offshore-related technology in the world including sub-sea and deep-water technologies.
OGN and SMD are just two of the world-class companies based here.
Increasing numbers of world-class marine and marine-related technology companies are also
being attracted to the region because of its skills base, access to Europe and highly developed
infrastructure.
The North East area is
home to a population
of two mill ion people.
It represents one of
the largest economic
centres in the North
of England, generating
around £32bill ion
of GVA and with a
business base
comprising 43,000 firms.
Key sectors
Because of our . . .
best for business
Business, professional and financial services
The business, professional and financial service sector in North Tyneside has enjoyed strong growth
in recent years as part of the area’s developing knowledge economy.
These services have been driven by economic growth and investment and are helping the area to
compete in the global marketplace.
Businesses who have already located in the borough include Tesco Bank, Santander, Convergys, EE
and Balfour Beatty.
Digital
The digital and software industry is growing at a rapid rate in the region with clusters of new and
fast growing businesses emerging in North Tyneside. Outside London, the area has one of the highest
technology start-ups rates - and is home to major names like Ebiquity, Accenture, TSG and HP.
Cobalt Data Centres are also expected to attract investment from national and international
businesses, driving growth and the transfer of technology in this fast moving industry.
Healthcare and life sciences
The growth of healthcare and life sciences in recent years has played a major part in building the
region’s knowledge economy. Over £200m has been invested in the past five years to develop
world-leading technologies.
Examples of companies that are taking advantage of the opportunities here are Procter and
Gamble, Aesica and Shasun Pharma Solutions.
Offshore renewables
The North East of England is a leading manufacturing and supply base for the marine and offshore
engineering industry, offering easy access to the world’s largest offshore wind market and huge
opprtunities for ambitious companies aiming to grow in this sector. A wide variety of riverside
locations is available, many of which benefit from Enterprise Zone status. The region also benefits
from three deep-water ports with experience of logistics for the offshore industry. The area is
renowned for its engineering and maritime heritage with a diverse skills base and extensive supply
chain including WD Close, Quick Hydraulics, Mammoet UK and CMR Group.
Oil and gas
With more than 70% of the oil and gas platforms operating in the North Sea having been built in
North East England, backed up by vast storage, handling and refining facilities, the area is a major
centre for the industry in the UK.
As well as its enviable reputation for world-beating subsea technology - for which it is a UK Centre
of Excellence - and its close proximity to the North Sea oil and gas fields, the region has attracted
some of the leading energy, engineering and design companies involved in the sector including
Maersk, Barrier Group, Pipetawse, Anglitemp and Fabricom Offshore Services.
“We want the North East
to be Europe’s premier
location for low carbon,
sustainable, knowledge-
based private sector-led
growth and jobs.“
Edward Twiddy,
NELEP Director
Fantasticquality of lifeNorth Tyneside is a truly unique place, offering the perfect mix of rural,
coastal and urban, where modern living meets history and heritage.
From golden sands to bustling town centres, it is a diverse and cosmopolitan area, built on a rich
and fascinating past.
Our stunning, award-winning coastline is enjoyed all year round by visitors of all ages, including
walkers, cyclists and surfers - and Tynemouth, Whitley Bay and Cullercoats all boast Blue Flag
beaches.
We have a wide range of first-class facilities for the whole family including state-of-the-art sports
and leisure centres, golf courses, parks, live music venues, theatres, galleries and more.
Plus a busy events programme brings cultural entertainment and international artists to the area
all year round.
Because of our . . .
“The North East is the
most exciting, beautiful
and friendly region in the
whole of England.”
Lonely Planet Bluelist
best for business
Living in North Tyneside
Living here is as affordable as it is enjoyable. Prices for renting or buying a property in the borough
are around 26 percent lower than the national average.
Choose from a large family home in a tranquil coastal location, or opt for a modern, quayside
apartment - there’s something to suit all tastes. The borough also offers an excellent range of new
build developments, including stunning executive properties.
Live and work in North Tyneside and you can benefit from some of the lowest commuting distances
in the UK; meaning less time sitting in traffic, and more time doing what you enjoy the most.
Surrounding area
North Tyneside borders the cosmopolitan city of Newcastle upon Tyne. Newcastle is one of the
finest classical cities in Europe and is noted for its historical and architectural significance.
The city is renowned for its warm and welcoming vibe, and its nightlife offers something for
everyone - from theatres and music venues to Michelin star restaurants and vibrant bars.
Newcastle is also a shopper’s delight - with a mix of big high street names, department stores and
one-off boutiques all in the heart of the city.
You do not have to travel too further afield to discover even more.
Our neighbouring counties of Northumberland and Durham offer miles of unspoilt countryside and
coastline to explore. They are peppered with historic castles, breathtaking views and great places for
camping, walking, cycling and sightseeing - perfect for peaceful and relaxing weekends.
They are also home to World Heritage Sites such as Durham Cathedral and Hadrian’s Wall - which
ends in North Tyneside at Wallsend.
Plus the Scottish border is just a two-hour drive North, with Edinburgh and Glasgow quick and easy
to visit by train.
Sports
Sports fans can look forward to high-quality football, rugby union, basketball, ice hockey, international
athletics and cricket fixtures on their doorstep.
The North East is home to two leading football teams - Newcastle United and Sunderland AFC.
It is also the home of the Newcastle Falcons Rugby Union Club and the Newcastle Eagles
basketball team. Just down the road, you will find Durham County Cricket Club, whose Riverside
ground is now an international test venue.
InvestNorth TynesideWith its state of the art office space, two Enterprise Zone sites, superb
transport links, competitive wages, low operating costs and an excellent
quality of life, there are so many reasons why North Tyneside is great for
business.
For more information about locating your business to North Tyneside, contact:
Business and Enterprise Team
North Tyneside Council, Quadrant, Cobalt Business Park,
North Tyneside, United Kingdom, NE27 0BY.
Telephone: +44 (0) 191 643 6409 Email: [email protected] : @investnorthtyne
The Business and Enterprise Team offers an extensive range of support services including:
• Relocation – we can help to identify commercial properties of all sizes, provide demographics
and support recruitment and training requirements.
• Start up – we can offer a comprehensive programme of business start-up support including
training, business planning, ideas generation assistance and advice.
• Business growth – we can support your businesses to grow and thrive, by offering business
advice, access to tendering opportunities, property searches and workforce development.
• Networking – we can introduce your business to a range of regional and national providers
including UK Trade and Investment, North East Local Enterprise Partnership, Manufacturing
Advisory Service and National Apprenticeship Service.
The North Tyneside
business and enterprise
team offer support
services to help with:
Relocation, Start-up,
Business Survival
and Business Growth.
Contact us:
Post: Business and Enterprise TeamNorth Tyneside CouncilQuadrant, Cobalt Business ParkNorth Tyneside, United KingdomNE27 0BY
Telephone: +44 (0)191 643 6409
Email: [email protected]
Twitter : @investnorthtyne
Web: www.investnorthtyneside.co.uk
