Expert Office Advice

Stats and information for businesses considering relocation to or setting up an office in Newcastle Upon Tyne.

Newcastle Upon Tyne is located inside the metropolitan county of Tyne and Wear. Newcastle’s economy was found to be lagging behind comparable medium-sized city-regions. The city is responding to this by setting up an International Action Plan. There are also plans of transforming Newcastle into a prosperous “Science City.”

Population
259,536 (Census 2001)

Migration, immigration, ethnic diversity, basic population demographics
• Majority of the population fall under the 20-24 age bracket (9.56%)
• 93% of the population in Newcastle were born in the United Kingdom and 7% elsewhere.
• Ethnicity: White (93.1%), South Asian (4.4%), Mixed (0.9%), Black (0.4%), Chinese and other (1.2%).

Unemployment/employment rate
• 65.4% are employed
• 7.4% are unemployed
• The rest of the population are either students, retired, homemakers or disabled
• Labour Market Profile (Jul 2005-Jun 2006)

Location within the UK and closest major location
• Located northeast of England at the county of Tyne and Wear

Transport options to and within
• With it’s own airport Newcastle is highly accessible by air. The air port is considered to be the fastest growing regional airport in UK.
• Newcastle is also well connected via its road and rail systems.
• A ferry port also exists at the Royal Quay in North Shields just 7.92 miles from the city centre.

Closest airports with average distance from town/city centre
• Newcastle International Airport - 3.58 miles
• Teesside International Airport - 34.62 miles

Dominating sectors / industries
• Public admin, education & health - 39%
• Finance, IT, other business activities - 22.7%
• Distribution, hotels & restaurants - 17.7%
• Labour Market Profile (Jul 2005-Jun 2006)

Large companies that have headquarters or major branches in the location
• CONVERGYS
• EAGLE STAR INSURANCE
• NESTLE UK LTD
• SANOFI WINTHROP LTD

Areas that are considered to be prime business locations
• Newcastle city centre - Eldon Square, Northumberland street, Bigg Market and the Quayside part of the city centre
• Jesmond - Collingwood Street, Neville Street, the Central Station area and Osborne Road
• Chinatown

Major or annual business-related events
• The Hoppings - largest travelling fair in Europe (every June)

Awards
• Top English City of 2004 - awarded by Guardian Travel Awards
• Outstanding Structure Award given to Gateshead Millennium Bridge by the International Association for Bridge and Structural Engineering (IABSE)
• 2006 Hunter Tourism Awards for Excellence in Tourism given to Crowne Plaza Newcastle for winning the categories of Meetings & Business Tourism and Deluxe Accommodation

Special business benefits/dispensations
• Transitional arrangements
• Mandatory and discretionary rate relief
• Community amateur sports clubs
• Village shop rate relief
• Relief for former agricultural premises
• Relief for partly occupied properties
• Hardship relief
• Small business rate relief
• Business rate exemptions

3 best things about the location
• The presence of UK’s first ever Biotechnology Village, which is geared not only to further research but to facilitate the transformation of research to commercial and economic success.
• Considered to be among the top ten of the country’s hottest nightspots.
• Has a Fairtrade city status.

Find offices to let in Newcastle Upon Tyne