Investing in regional businesses

IT HAS been a busy and productive couple of years for Tyne and Wear Development Company.

IT HAS been a busy and productive couple of years for Tyne and Wear Development Company. At a time when business support is evolving, it has been continuing to work hard to drive inward investment in Tyne and Wear by attracting a host of flagship projects to the region – including Tesco Bank and Balfour Beatty.

The company is one of the region’s leading business support organisations and has been working to enhance economic growth in Tyne and Wear for over 25 years. Its track record stretches back to 1986 when it was formed to encourage inward investment and to provide business and aftercare support for local companies.

Over a quarter of a century on, it is still providing free, independent and confidential advice to investors big and small. It offers help with everything from property searches, advice on finance, training, recruitment and labour availability through to strategic business support, and remains the first port of call for businesses needing a helping hand.

Paul Buie, Tyne and Wear Development Company manager says: “We’re here to help anyone with an investment project whatever support is required. For some companies this is a quick search on our property database, while other projects are more complex requiring long term assistance.

“We work closely with other organisations and partners around the region to leverage additional support for businesses and offer real added value to our clients.”

This partnership approach – and willingness to go the extra mile – has seen Tyne and Wear attract some of the UK’s biggest inward investment projects in the last couple of years with Tyne and Wear Development Company fronting several high profile campaigns that have created hundreds of jobs.

Last year was a high point with Tesco Bank opening a contact centre at Quorum Business Park that will create over 1,000 new jobs. Tyne and Wear Development Company was also able to announce construction giant Balfour Beatty was opening a shared service centre in the region, creating 200 jobs, and that Ebiquity, one of the world’s leading media monitoring companies, is establishing its European headquarters here.

Previous successes for the company include supporting Banco Santander through its expansion plans which saw the creation of 500 jobs at its facility on Cobalt Business Park and playing a pivotal role in attracting the Marine Management Organisation (MMO) to Newcastle Business Park following a nationwide search. The MMO, which has created 140 skilled jobs and enhanced the region’s reputation as an international centre of marine expertise, was one of the first big Government relocation projects to come to the North East.

Paul explains: “These are prestigious projects and we’re delighted to have been involved in them. With many of these investments we were in direct competition with other areas of the UK, so it was essential for us to promote the region and present Tyne and Wear’s case as the best location in order to succeed.

“Thanks to the specialist support and assistance we can provide along with the natural assets, infrastructure and facilities we have in the region, we’re fortunate to be able to offer such an attractive package to investors.”

As well as being involved in large-scale investment projects, Tyne and Wear Development Company also remains committed to supporting local businesses of all sizes and sectors.

The scope of its work is underlined by the shear variety of local companies it has worked with since the turn of the year – everything from contact centres and healthcare industries to automotive, engineering and manufacturing companies.

It recently helped Newcastle-based fabricated quartz glass and ceramic technology specialist Multi-lab to secure funding to support a move to a new state-of-the art factory at Newburn Business Park on the banks of the Tyne. The company expects to create new jobs to add to its existing 70-strong workforce.

At the other end of the spectrum, Tyne and Wear Development Company and Gateshead Council have just advised Independent Air Treatment Technology on the acquisition of its first property in Gateshead. The company specialises in filtration, air and gas treatment technology.

Paul adds: “The range of companies we work with today is very varied and reflects how the regional economy has changed in recent times.

“Traditional engineering and manufacturing businesses are still on our radar, but we’re also working with newer knowledge-based industries and promoting business opportunities at the huge number of top-class business parks we have in Tyne and Wear.”

Assisting businesses find commercial property is a key area of support. The company is funded by its own portfolio of 180 properties which range in size from 200 sq ft to 35,000 sq ft. It also boasts one of the largest databases of commercial property in the region so is quickly able to pinpoint available sites that match the specific requirements of individual investors. An annual commercial property show is also organised for those seeking property or looking for advice from agents, developers and other property related businesses.

Paul concludes: “Tyne and Wear has a fantastic property offer ranging from city centre offices, out-of-town business parks and industrial units so we are able to put forward a variety of options whatever the project.”

Tyne and Wear Development Company works on behalf of Tyne and Wear’s local authorities.

For more information about support available and investment opportunities in the region, visit www.tyne-wear.co.uk  or telephone 0191 516 9099.

 

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