South Tyneside is an exciting and vibrant location in which to invest and grow business. With a series of ambitious regeneration projects, our relentless focus on economic growth and regeneration is driving private sector confidence.
We have established a reputation for delivering transformational economic regeneration projects including South Shields Seafront, Harton Quay and our three key Town Centres.
Inward investment is central to our aspirations for job creation and we have a strong track record for attracting investors. We are home to innovative start-ups seeking growth and established global organisations setting up a North East England base.
The number of annual start-ups is increasing every year with 3,315 new businesses in the Borough since 2010. Global organisations such as Barbour choose to retain their roots in the borough; while we are also attracting exciting new start-ups with ambitious growth plans. We support businesses of all sizes, in all sectors, but with particular focus on advanced manufacturing, engineering, digital and ICT together with business services. Overall since 2010 we have seen an increase in employment levels of almost 10% with around 8,500 more people in employment.
We support some of the best digital and ICT providers that the North East has to offer. Our reputation is growing as a location which nurtures innovative companies which we support with award-winning business centres including One Trinity Green – accommodation tailored to the digital and creative sector.
Further investment is underway at Monkton Business Park in Hebburn where construction of three industrial units will create 55,000sqft, and accommodate around 100 new jobs in the Borough. An addition to the established and thriving Monkton Business Park, located in close proximity to both the A1 and A19, the units are expected to the market by Autumn 2018.
High quality accommodation and a skilled workforce with a reputation for exceptional customer service make us a very attractive location for high-profile business services organisations.
Holborn Riverside Enterprise Zone in South Shields will further extend our support to the digital, ICT and business sector, with the provision of Grade A office accommodation. The development could create up to 1,500 additional jobs for the region in an area already marked as an Enterprise Zone.
Our location on the A19 economic corridor helps place us at the heart of the North East’s manufacturing hub supported by global transport connectivity from the thriving Port of Tyne. South Tyneside has excellent import and export infrastructure nationally and internationally, including the A1 and A19 road network and established exporting links to Europe.
We have well-advanced plans in place for a new International Advanced Manufacturing Park (IAMP) which will allow us, alongside partners Sunderland City Council, to build on our strengths in automotive manufacturing and unlock significant opportunities for enterprise and employment for the region. Work is scheduled to start on site by Summer 2018, subject to planning permission, with the first businesses opening at the IAMP as early as summer 2019.
The IAMP, designated a Nationally Significant Infrastructure Project, will bring a predicted £400m plus in private sector investment and the creation of over 5,000 new jobs over the next decade. The development will encourage further inward investment in services supporting key growth sectors including high value manufacturing, energy, and marine.
Our ambition is to create a world-class strategic employment site that will reinforce the region’s growing profile as an attractive location for national and international business investment.
Initiatives of this scale demonstrate the extent of our continued ambition to create investment and infrastructure that supports significant business growth and employment for South Tyneside and the region.
For more information visit www.investinsouthtyneside.co.uk