South Tyneside is an exciting and vibrant location in which to invest and grow a business. With a series of ambitious regeneration projects, its relentless focus on economic growth and regeneration is driving private sector confidence.
It has established a reputation for delivering transformational economic regeneration projects including South Shields Seafront, Harton Quay and three key Town Centres. 2016 marked completion of Phase One of its £100m South Shields 365 Town Centre investment programme, and the opening of a new state-of-the-art cultural venue The Word, The National Centre for the Written Word.
Inward investment is central to its aspirations for job creation and it has a strong track record for attracting investors. It is home to innovative start-ups seeking growth and established global organisations setting up a North East England base. It supports businesses of all sizes, in all sectors, but with particular focus on advanced manufacturing, engineering, digital and ICT together with business services. The employment rate is the highest it’s been in over 10 years.
It supports some of the best digital and ICT providers that the North East has to offer and its reputation is growing as a location which nurtures innovative companies supported with award-winning business centres including One Trinity Green – accommodation tailored to the digital and creative sector.
High quality accommodation and a skilled workforce with a reputation for exceptional customer service make South Tyneside a very attractive location for high-profile business services organisations. The recent announcement of 70 new jobs at the BT centre in South Shields demonstrates continued confidence in the South Tyneside as a business location.
Holborn Riverside Enterprise Zone in South Shields will further extend support to the digital, ICT and business sector, with the provision of more than 18,000m2 of Grade A office accommodation. The development is set to create up to 1,500 additional jobs for the region.
Its 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.
It has well-advanced plans in place for a new International Advanced Manufacturing Park (IAMP) which will allow it, alongside partners Sunderland City Council, to build on its strengths in automotive manufacturing and unlock significant opportunities for enterprise and employment for the region.
The 100-hectare IAMP, designated a Nationally Significant Infrastructure Project, will bring a predicted £300 million plus in private sector investment and the creation of over 5,200 new jobs over the next decade. Its 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. To further realise this ambition, both councils have signed a Memorandum of Understanding with local education providers to ensure the region’s future workforce is equipped with the skills necessary to make the IAMP and its wider supply chain a long term success.
Initiatives of this scale demonstrate the extent of its ambition to create investment and infrastructure that supports significant business growth and employment for South Tyneside and the region.
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