SPOTLIGHT ON THE TYNE FEATURE SPONSOR
NORTH TYNESIDE BEST FOR BUSINESS
Ranked as the country’s top district for inward investors and businesses, North Tyneside has a proven track-record for success as well as an ideal location for offshore renewable, oil and gas and marine industries.
The prestigious rating by Local Futures, the largest inward investment report commissioned in the UK, flagged up its advantages in terms of cost base, accessibility, quality of life and commercial premises.
DELIVERING MUCH MORE
North Tyneside and the surrounding area on the River Tyne in the North East of England, also delivers much more – including a ready-made infrastructure, abundant natural resources and a comprehensive package of professional and service sector support, with incentives for businesses locating into its Enterprise Zone sites.
The River corridor has attracted a number of valuable industrial sites for river related activities. The area is currently home to a broad range of major companies including Siemens, Liebherr, Maersk, OGN, Wellstream, Fabricom Offshore, SMD, WD Close, Quick Hydraulics, Mammoet UK, Barrier Group and Duco.
HISTORY AND FACILITIES It has a long history in engineering, particularly in the marine and offshore sectors, supported by a strong supply chain and excellent transport links.
The Port of Tyne, which is a deepwater port with quays capable of handling vessels up to 13 metres draft, offers round-the- clock access and excellent intermodal links via three onsite rail terminals. It also has easy access to the UK’s national motorway network with links to the rest of the UK and Europe.
The Port also offers open storage for over 500,000mts of bulk cargoes as well as modern customs-approved warehousing which efficiently integrates the port facilities with its hinterland via both its own fleet of more than 50 trucks as well as third-party operators.
NEW DEVELOPMENT - SWANS North Tyneside Council has started work transforming the former Swan Hunter shipyard in Wallsend which, once complete, will become a state-of-the-art advanced manufacturing hub for companies specialising in renewable energy and offshore industries.
Identified as ‘strategically significant’ in the ongoing regeneration of the North East, this 20 hectare site, to be known as Swans, will include bespoke high-tech industrial units and office space, a fully operational 300m quay and heavy-load lay down areas together with all the associated facilities and infrastructure needed to cater for the demands of its target industries.
ENTERPRISE ZONE STATUS
Swans and Port of Tyne North Estate have been awarded Enterprise Zone status meaning there are additional incentives for investors locating to one of these sites by 2018. Benefits include business rate discounts or enhanced capital allowances and simplified planning regime making development and growth quicker and easier for investors.
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www.windenergynetwork.co.uk
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