Why Invest

Why invest in Energy Gateway North East England?
  • Exceptional market access to developments in the North Sea basin for both the oil and gas fields and the wind farm developments at Dogger Bank, Hornsea and Firth of Forth.  Dogger Bank projects alone are expected to deliver up to 3000 wind turbines at a cost in excess of £10bn. Opportunities exist for components manufacturing, major fabrication projects, mobilisation, demobilisation and a range of operations and maintenance activities.
  • Major opportunities for innovation and collaboration with the world-leading cluster of subsea engineering companies and the wider offshore energy supply chain.
  • Availability of a highly skilled, available workforce: half of our region’s employment in the energy sector is in engineering and technical consulting
  • A pipeline of new talent: Over 51,000 STEM university students in the North East – highest proportion of students in STEM subjects of any UK region (50%)
  • The Ports of Blyth, Tyne and Sunderland offer outstanding transport and logistics infrastructure.  They are all very experienced in facilitating a wide range of offshore energy projects.
  • An international airport and an exceptional national rail network, and the largest rapid transit system outside London, the Tyne and Wear Metro, allowing executive and workforce movement throughout region and the UK
  • A superb portfolio of high quality industrial development sites (over 400 ha is total), all with easy access to deep water ports and many with Enterprise Zone benefits such as enhanced capital allowances for investment in plant and machinery
  • Engineering innovation, skills and quality manufacturing: We’ve got an excellent track record of designing and making things in the North East and this is reflected in the strength of the offshore energy sector.  Over 70% of all North Sea Oil & Gas platforms were built in the North East of England
  • Access to world-class R+D and testing facilities such as the Offshore Renewable Energy Catapult Testing facility, and the Tyne Subsea, a national centre for offshore and subsea engineering research and testing.
  • Energy Gateway North East England provides exceptional value to any investor.  It is a comparatively low cost base for wages and property compared to other key centres.  For example, according to the Financial Times Benchmarking Study (2017), a typical 30-person Energy R&D Centre in the North East would save £1.3 million per annum in labour and property costs compared to Greater London.
  • A booming business and supply chain cluster, registering a 64% growth in the number of energy-related companies over the past seven years.

Energy Gateway North East England is already home to:

KEY SECTORS:

Oil and Gas

Energy Gateway North East England is the leading location in England for the oil and gas sector, boasting a 40% growth since 2012, and is a major supplier of manufacturing and engineering solutions for the industry and employer of over 66,000 skilled workers in the region. North East England is home to world-class engineering and manufacturing, with investors including BEL Valves, Baker HughesBridon-Bekaert, TechnipFMC, NOV, Royal  IHC, SMD and Tekmar Energy. These companies help North East England strengthen and expand its reputation for excellence across all areas of subsea technology, offshore engineering, high-value fabrication, and pipeline and trenching. We have large fabrication yards with access to the North Sea located on the River Tyne and River Wear. In fact, over 70% of all North Sea oil and gas platforms were built in North East England. The area is also a rapidly expanding base for oil and gas related mobilisation and demobilisation operations with numerous berths and terminals across all three rivers.

Subsea Engineering

Our region leads the way with its world renowned subsea cluster specialising in the development and manufacture of umbilical’s, flowlines, valves, ROVs and subsea trenching and cable lay equipment.  Located here, developing new technologies and delivering world-class subsea solutions are companies such as Baker Hughes, TechnipFMC, Royal IHC, Osbit and SMD. This is backed up with specialist companies delivering complex subsea pipe and cable installations and engineering projects, such as DeepOcean and Global Marine Group.

Offshore renewables

Energy Gateway North East England offers everything the offshore renewables sector needs in one location.  Not only is the area the home to the first offshore wind farm in the UK as well as hosting the national Offshore Renewables Catapult testing and R+D facility, we are in a prime position to supply the North Sea wind farm developments particularly for the manufacture of offshore wind components and operations and maintenance operations.

Decomissioning

North East England has the highly skilled workforce, sites and exceptional infrastructure to seize the huge opportunities in decommissioning of ageing North Sea oil and gas field assets, which is forecast to cost over £30bn in the next 25 years. Decommissioning contract work is vast – 475 installations, 5,000 subsea wells and 10,000km of pipelines, and will require large-scale engineering, subsea technology, safety management, decontamination and well-plugging expertise – our region is primed to take advantage of this market opportunity Our region’s strategic North Sea coast location, sites licenced to carry out this work, deep water ports, road and rail infrastructure and renowned engineering expertise, means North East England is the ideal location to site decommissioning activity.