Financial, Professional and Business Services (FPBS)The Financial, Professional and Business Services sector is booming in North Tyneside. Fact card download
With well-connected bases and the skilled and friendly people to make these service-focused businesses succeed, it is easy to see why North Tyneside’s business park directory reads like a who’s who of the FPBS world, home to businesses such as Newcastle Building Society and Leeds Building Society, Tesco Bank and Santander. The Big Four accountancy firms have offices in the North East and there are a range of accountancy and financial advisory firms.
Excellent transport providers – like the Tyne and Wear Metro, an overground rail system that welcomes more than 37 million passengers a year, and an extensive bus network, helps shuttle the area’s thousands of commuters from place to place. North Tyneside’s main business hubs are particularly well served, which means firms can attract the brightest minds from far and wide.
Tapping into the area’s skills base, thanks to its high-performing surrounding colleges and universities, FPBS businesses will find an abundance of talent to spur on their growth. Team that with advantageous rates for high specification spaces, and a plethora of businesses on the doorstep to collaborate and connect with, and you have the perfect conditions for business growth.
The North East is famed for the warmth and friendliness of its people, something that has seen it become a key hub for the contact centre industry, which employs around 160,000 people in the North East. Figures from industry analysts Cushman & Wakefield show the region is the favoured contact centre location in the UK and ranks number one in terms of low staff costs. Major names including Convergys, EE and insurethebox all have customer service operations in North Tyneside. Among those businesses that call North Tyneside home is Sitel, a company that has seen rapid growth thanks to the assets the area has to offer.