Borough is best for businesses

Published on 22/02/2013 10:06

NORTH Tyneside has been named as one of the best locations for business and industry in the country.

The borough has just been identified as the top district for inward investment – based on its environment and infrastructure – following analysis by The Local Futures Group.

The survey, carried out by Local Futures for its Inward Investment Guide to England in partnership with the Municipal Journal, looked at all 335 local authority areas in England.

Mayor Linda Arkley said: “I am pleased that North Tyneside’s huge potential for inward investment and growth has been quantified and recognised in this way.

“I believe that North Tyneside is a borough of opportunities and we are focused on creating the right conditions to attract new businesses and industries, despite the national and global picture.

“Our superb environment and infrastructure is a key feature of my ambitious vision for future economic growth, with our existing manufacturing infrastructure, skilled workforce, experienced supply chain and committed local leadership all working in our favour.

“Because of the huge amount of work we have carried out with businesses and with the Enterprise Zone we have been able to attract new businesses and people to the borough.”

The survey found North Tyneside has an employment catchment of 1.1million and is home to more than 50 business and industrial locations.

Two prime River Tyne North Bank sites have been included in the North East Low Carbon and Advanced Manufacturing Enterprise Zone.

However, average wages in North Tyneside are around 12 per cent below the national rate.

For more information on the findings of the Local Futures and MJ survey, visit www.themj.co.uk/mjfutures

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Borough is best for businesses

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