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The Economic Case

Recent improvements in the economy, indicate that the North East would be an ideal region for relocating departments. For example, the North East has:

Outperformed the national average for GVA growth for the past 2 years
Decreasing unemployment, but still an available pool of skilled workers
The most optimistic employers in the UK

The North East has outperformed the national average over the last two years and the other northern regions over the period 1999 – 2003:

Table showing GVA % change by region (this table is unavailable in other formats at present)

Source: Experian Business Strategies, National Statistics

North East employers are the most optimistic in the UK and corporate profitability is consistently higher than the UK average. 53% of companies plan to expand staff numbers, compared to 33% in London:

Graph showing the percentage of firms predicting growth through recruitment (this graph is unavailable in other formats at present)

Source: Reed Recruitment Index

Relocating to the North East supports Government’s regional policy and regeneration objectives. Inward investment will help promote sustainable long-term development in the region and provide a catalyst for further growth, bringing new skills, employment and graduate opportunities.

Some of the biggest names can be found in North East England…

Arriva
Barbour
Barratt
Berghaus
Dunlop
Findus
Formica
GlaxoSmithKline
Greggs
ICI
Nestle
Nissan
Northern Rock
Orange
Procter & Gamble
Sage