Why now is the time to
Tyne power your business
Labour costs for an engineer will typically save you over 30% compared to Greater London, 12% compared to Aberdeen and 40% compared to other major European cities. A typical 30-person R&D facility will save you £1million per year compared with Hamburg in labour and property costs*.
More than 120,000 students study at the region’s five universities, with 50% studying Science, Technology, Engineering and Mathematics (STEM) subjects.*
Metres from the Tyne, Newcastle College Energy Academy has some of the world’s most advanced hybrid reality training systems, equipping people of all ages with the skills the Tyne’s businesses need. And south of the river, South Shields Marine School provides training for students and businesses, including in its Marine and Offshore Safety Training centre.
The Tyne is the leading location for wind investment and offshore wind has the potential to support up to 9,000 North East jobs by 2025**. There is also huge potential for growth prompted by electrification, and the North East is home to the UK’s first gigafactories, making batteries for electric vehicles.
A Loyal Workforce
North East England offers a highly skilled, extremely loyal workforce of 1.2 million people, and some of the lowest staff turnover rates in the UK.*
The Tyne is close to three ports – the Ports of Tyne, Blyth and Sunderland – and is supported by excellent road, rail and Metro connectivity. It’s around 140km from the world’s largest offshore wind farm at Dogger Bank, and the Port of Tyne, which is implementing its vision to be the UK’s first smart port, is the closest deep sea port to both the Dogger Bank and Sofia wind farms. And Newcastle International Airport links the Tyne to yet more international markets.
Quality of Life
This is a place where people love to live and work, with low cost of living and high quality of life. It’s a place where you and your business will feel at home.
Established Supply Chain
The Tyne has a well-established engineering supply chain operating in all the key offshore energy sectors including R&D, engineering design and project management, major fabrication, installation and decommissioning, and operations and maintenance facilities and services.
People travel from around the world to use the North East’s world-class test facilities like the Offshore Renewable Energy Catapult and Tyne Pressure Testing. With facilities like these on your doorstep, the Tyne will put you ahead of the game when it comes to developing new technologies.
“The North East region benefits from a rich industrial heritage, and a multi-skilled workforce with many transferable skills relevant to the offshore wind industry.” Halfdan Brustad, Vice President for Dogger Bank, Equinor.
*Source: Invest North East England. Data refers to the North East region.
**Source: North East Energy Catalyst