Gateshead is a place of ambition, aspiration and an area that strives for continued growth. Famous for iconic art, love of sports and Europe’s largest retail and leisure complex Intu Metrocentre, Gateshead is not only an exciting place to live but also to do business.
It has experienced a huge economic restructure and transitioned from a reliance on heavy industry to a diversified economy focused on high-tech manufacturing and knowledge-intensive services.
With a reputation as a centre of excellence for creativity and innovation, Gateshead is home to more than 460 software and digital businesses, employing 3,400 staff. Young entrepreneurs work alongside global brands such as Facebook, Marvel and Disney.
Companies are also exploring new areas of specialisation. With Europe’s first VR industry-led centre of excellence, producing cutting edge VR and AR technology for leading brands such as Audi, PlayStation and Oculus.
Meanwhile, the Gateshead Technology Park is an attractive and dynamic home as a result of a strong sector presence, world-class facilities and a state-of-the-art infrastructure. 2018 will also see the launch of the North East’s research and development facility dedicated to emerging technologies: PROTO.
With a strong heritage and reputation for industrial innovation, from the invention of Sir Joseph Swan’s light bulb to the UK’s largest industrial estate: Team Valley, Gateshead continues to be the leading commercial location.
Underpinning the booming manufacturing industry is the highly-skilled and motivated workforce, with access to specialist skills’ academies support industries such as automotive, engineering, manufacturing, logistics and construction. Borg Warner, De la Rue and AkzoNobel are just some of the key businesses thriving in the area.
Distribution & Logistics
Positioned to provide a base from which to serve worldwide markets, there is easy access to nearby Newcastle International Airport, serving 80 worldwide destinations, and four local ports.
Follingsby International Enterprise Park has excellent access to the strategic road network, with direct access to the A167 which connects the A19 and A1(M).
The park provides a package of incentives to stimulate investment, attract businesses and create new jobs. Businesses locating on the site will benefit from reduced business rates worth up to £275,000, as well as training, recruitment and workforce development initiatives.
Spanning 22 hectares, Follingsby International Enterprise Park has the capacity to bring forward 90,000m² of development. Designated for distribution, logistics and manufacturing use, it will support the region’s growth in key sectors, with development expected on site in 2019.
Business, Professional & Financial Services
Teleperformance, one of the world’s top 20 business process organisations, and Wordplay, the FTSE 100 global payment processing group both have significant operations in the area. Professional services benefit from a low turnover of staff, highly skilled workforce with multi-lingual capabilities.
Voted as one of the top locations within the UK from which to do business, for its environment and infrastructure, it’s easy to see why Gateshead has proven to be the location of choice for many national and international investors.
For more information visit www.gateshead.gov.uk/invest