Why invest in Newcastle?View Map
Newcastle is the vibrant capital of the North East of England and an integral part of the government’s Northern Powerhouse plans. With key strengths in the tech & digital, medical science and sustainability and the offshore and marine sectors, Newcastle is renowned throughout the world for its research facilities and contribution to science and engineering.
Strategically located on the East Coast, Newcastle enjoys fast rail journey times to London, which can be reached in less than three hours. And with three major ports and an International Airport which offers direct flights to over 85 world-wide destinations, Newcastle is an excellent gateway to Europe and beyond.
1.7 million people live less than a half-hour drive time of Newcastle city centre and investors and businesses alike are drawn to the city for its skilled workforce, strong international links, numerous development sites and five world-class universities.
Newcastle is also renowned for its cultural offering, sport, excellent shopping, exciting nightlife and great restaurants. Fast becoming a major city-break location, Newcastle is a destination city so if you’re looking to invest, there’s never been a better time.
Newcastle has recently been named the UK’s happiest city and best for quality of life. Richard Branson agrees and said that..”the people in the North East are delightful. They’re enthusiastic, hard-working and they know how to party. A company full of Geordies is unbeatable!”
Adding to the attractiveness of the city, high quality office space in Newcastle is around 30% cheaper than other UK cities and a remarkable 68% cheaper than London. This means that companies can make operational savings of around 40% compared to other locations.
When you combine this with the fact that house prices in the North East are 37% less than the UK average, it’s little wonder that businesses and people are gravitating towards the city.
With four centres of national excellence, five universities in the wider region and 20 highly acclaimed further education colleges, Newcastle has been named the UK’s ‘Best University City’ three years running by the MSN Travel Survey.
The North East has the highest percentage of STEM and Computer Science students in England.
Over 100,000 students live in the city and graduate retention rates, at 55%, are some of the highest in the country.