Tees Valley is ideally situated for businesses large and small looking to set up or expand. Located on the north east coast, and a key part of the Northern powerhouse, we offer solutions that many other regions can’t. We have excellent road, rail, air and sea links to the North and Scotland, the rest of the country and Europe and provide excellent opportunities for businesses in the offshore, oil and gas, renewables, logistics and heavy industrial sectors.
We are world renowned industrial centre with an established history and expertise within our key sectors and as such have a competitive advantage over many other areas. This has helped us to attract over £2 billion of capital investment since 2011.
One major advantage we have is our cost competitiveness as a location. Cost effectiveness is no longer a choice, it’s an imperative with companies more focused than ever on the cost-effectiveness of their facilities. Expanding companies will be looking for places that offer cost-savings and enable greater productivity and efficiency, and we have some of the lowest operating costs in the UK. Our rents, rates and terms are around half that of major cities and a quarter of those in London and the South East meaning that companies are more profitable and people have more time to spend enjoying what’s on offer in the area.
Take a look at the video below to find out more about the Northern Powerhouse and why it is the Northern Powerhouse is the UK’s top investment destination in Europe.