Enterprise Zone SitesTwo sites in North Tyneside have been granted Enterprise Zone status. The Swans Offshore Energy Park and the Port of Tyne North Estate are part of the overall North East Low Carbon and Advanced Manufacturing Enterprise Zone which has also been identified as one of six of the UK’s dedicated CORE (Centres for Offshore Renewable Engineering) sites. Together, the Enterprise Zones are expected to create more than 7,000 new jobs by 2022, with at least as many new indirect jobs in the local supply chain. Enterprise Zone status provides incentives for investors including a simplified planning regime making development and growth quicker and easier.
SWANS OFFSHORE ENERGY PARK
A state-of-the-art facility for companies in the offshore energy, subsea and marine industries, Swans offers all of the natural assets for this growing sector.
This strategically located riverside site provides a fully operational 400m deep water quay with draught of up to 9.1m, heavy load out facilities at up to 10-tonne per sq m and access to the North Sea.
£26m investment has been secured for the site which offers 17 hectares of development land (excluding wet berth) with the additional benefit of Enterprise Zone status, providing a simplified planning process for new buildings.
There are opportunities to lease or purchase bespoke purpose-built accommodation from 465 sq m (5,000 sq ft) up to 46,450 sq m (500,000 sq ft).
PORT OF TYNE NORTH ESTATE
The Port of Tyne is the principal northern gateway to the UK and a key port in the North East and North Sea.
The Port operates with six business areas; Logistics, Car Terminals, Cruises and Ferries, Estates, Marine and Environmental Services and Conventional and Bulk Cargo, ensuring a dynamic trading hub for the region.
Thirty hectares of the Port’s North Estate, Whitehill Point and Royal Quays Enterprise Park, fall within the North Bank of the Tyne Enterprise Zone, which provides further incentives for investors in the offshore sector including enhanced capital allowances.