Reasons to invest in the North East

The North East has many strengths and assets that differentiate us and make us a special place to invest and live in:

  • It is the only region in the country with a positive balance of trade in the export market, exporting £14.125 billion of goods every year to every continent in the world;
  • we are innovative and entrepreneurial and at the forefront of cutting edge technology;
  • it is the home to successful knowledge based economy clusters with a highly skilled and motivated workforce;
  • we are leading the way in low carbon technology and sustainable energy solutions;
  • there are world-class research and engineering capabilities in wind, wave, tidal and solar power;
  • it is a leading location in the UK for the development of electric vehicles with a strong international reputation;
  • we have a strong and successful advanced engineering sector;
  • the North East is a world class centre for the production of petrochemicals, energy, bio fuels, steel and advanced manufacturing;
  • it has a manufacturing industry worth 37.5 billion to the North East economy;
  • the North East is home to the largest integrated chemicals plant in the UK at Wilton;
  • we have thriving creative industries and an internationally competitive animation and digital sector;
  • 40,000 skilled individuals are employed in the supply chain to the process and energy intensive industries generating £10 billion in sales for the UK economy;
  • we have successful knowledge based economy clusters with highly skilled and motivated workforces;
  • the North East has the highest rate of participation by young people in apprenticeship schemes in the country;
  • there are five first rate universities renowned for innovation, research expertise and collaboration with employers;
  • we have excellent connectivity with air service and rail connections making export and logistics easy;
  • Teesport is the second largest port in the UK, handling approximately 40 million tonnes of freight;
  • trade from the North East to Australasia has increased by over 65% since Emirates flights from Newcastle International to Dubai started operating;
  • our natural assets - water and mineral reserves, land, space and an eastern seaboard location - give us a competitive advantage linked to economic growth;
  • the North East is home to the UK's greatest water resources including Western Europe's largest reservoir at Kielder;
  • the cultural and creative sectors are important drivers of the economy and make a major contribution to quality of life in the North East;
  • we have an amazing quality of life through vibrant towns and cities and stunning unspoilt countryside; and
  • across the North East there are good quality and heritage housing, good travel to work times, excellent hospitals and schools.