Lower costs

More for your money in North East England

Businesses moving to North East England benefit from low wages and property costs, in addition to a low cost, but high standard of living. The standard of education, training and apprenticeships are some of the best in the country. The bottom line is that you get more for your money in North East England.

Labour
North East England has one of the most cost competitive and loyal workforce’s in the UK, offering companies great savings.  

“The factor we found quite interesting was our staff retention rates. I think the norm in customer service centres is around 15% turnover, but what we’ve experienced in the past four years in our service is that it’s about 5%, which is very low. Therefore, what we found was the staff retention by being located in Newcastle is very, very strong.” 

Bryan Taylor, Estates Director, Balfour Beatty

Property
In 2017, Grade A office space in North East England was £356 per sq m making it, on average, 68% cheaper than Greater London, with cost savings of 17% compared to Cardiff and 25% compared to Glasgow (Property costs = rent + taxes + service charge).

In the same year (2017), Grade A industrial space was £63 per sq m, which is 15% cheaper than the West Midlands and only one-quarter the cost of Greater London.

If you are looking for office or industrial accommodation, view our Land and Property Database for a comprehensive list of current properties and land available in North East England 

 

SECTORS WE SPECIALISE IN

Advanced Manufacturing - North East England
Advanced Manufacturing North East England

A highly skilled workforce, unmatched operating costs and superb access to UK and overseas markets, make North East England the location of choice for investors in the Automotive, Rail and Advanced Manufacturing sectors.

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Life Sciences - North East England
Life Sciences

A world class centre of healthcare excellence, a workforce underpinned by university graduate talent, pharmaceutical manufacturing prowess and R&D excellence, make our region highly attractive to life sciences investors.

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Digital - North East England
Digital Sector North East England

Home to scores of software and tech companies doing business right across the globe, the North East workforce has a proven track record in Satellite Applications, Immersive Tech, Games Development and Fintech.

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Energy - North East England
INEE Sectors

North East England has a worldwide reputation for excellence in oil and gas, offshore renewables, decommissioning and subsea engineering.

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Business Services - North East England
Business Services Sector North East England

Our combination of a highly skilled, cost competitive workforce, plentiful Grade A office accommodation and a strong network cluster make our region one of Europe’s best investment locations. The Fintech sector is growing with a rich ecosystem and great market opportunities.

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WHY INVEST IN NORTH EAST ENGLAND?