Longsands at Tynemouth
There can be no doubt that North Tyneside punches above its weight when it comes to what it can offer investors and businesses.
The borough boasts a range of key benefits including world class premises, competitive costs and a superb transport infrastructure. Its highly skilled workforce is one of its most important assets, with over one million people living within a 30-minute commute and close to two million people within a 60-minute commute.
For a relatively small borough, its business credentials are also particularly impressive; providing over 50 business sites including two of the UK’s largest and most successful office parks and two incentivised Enterprise Zone sites. It is this unique mix which continues to attract businesses to North Tyneside, enabling the borough to continue to grow despite difficult national and global economic conditions.
The riverside industrial sites and Enterprise Zones at Swans, Royal Quays and Whitehill Point provide a superb location for firms linked to advanced engineering, marine, renewable and subsea sectors and act as a catalyst for inward investment.
The Swans site offers 13 hectares of prime space on the North Bank of the River Tyne, with made-to-measure industrial and
office facilities, a deep port and easy access to the North Sea. The Swans Centre for Innovation has also been launched on the site providing new and flexible business accommodation for small and medium-sized firms in the energy, marine and offshore sectors.
In addition, 30 hectares of the Port of Tyne’s North Tyneside estate at Royal Quays and Whitehill Point provide further opportunities for the growing oil, gas and wind energy markets. These sites benefit from simplified planning processes, plus business rate discounts until 2018 and enhanced capital allowances until 2020.
North Tyneside is also home to leading examples of innovative, people-friendly business parks including Quorum which offers one of the most attractive location packages in the country. Over 5,000 people work on the park which is occupied by a range of companies including Tesco Bank, Convergys, Balfour Beatty and Home Group.
Cobalt Park, the largest and most successful office park in the UK, offers over two million square feet of office space. The park is now 90% occupied and home to more than 14,000 employees. It is the location of choice for national and global organisations including Procter & Gamble, Accenture, Hewlett Packard and Santander.
The park’s developer, Highbridge, is also behind Indigo Park which is capable of accommodating 1.3 million sq ft of bespoke manufacturing and distribution space with the potential to generate more than 1,000 jobs.
Added to this, the borough provides a number of mixed use business sites including Balliol Business Park which boasts Greggs plc as one of its many tenants.
Tyne Tunnel Trading Estate has also attracted companies from a range of key sectors due to its strategic location adjacent to the A19 Tyne Tunnel approach. Current occupiers include Maersk, Aquatran, Soil Machine Dynamics (SMD), Kitwave and Advanced Industrial Solutions (AIS).