A Hotbed for Knowledge and Business
A proud home to over 7,000 registered businesses, Newcastle is a hotbed for knowledge-intensive sectors and tech, opening the floodgates for securing unique opportunities to invest in Newcastle. Through a plethora of industries, from 3D virtual solutions, digital gaming and pioneering technology in science and healthcare, Newcastle is part of a wider business scene that remains prosperous in every one of its ventures. Whilst securing over £600 million to the local economy, Newcastle also contributes to £13 billion towards the UK’s GVA each year, reinforcing its thriving entrepreneurial spirit and exceptional credentials.
The UK economy is fundamentally strong, undeniably competitive and has been the fastest-growing economy in the G7 in recent years, a prime time for major international investments and many reasons to bring your business to Newcastle.
Professional services such as banking, finance and insurance dominate the city with all of the ‘Big Four’ professional service companies operating in Newcastle, employing around 1,300 staff.
‘The Big Four’ refers to the four largest accounting firms in the world. Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young and Klynveld Peat Marwick Goerdeler (KPMG), all provide unbeatable employment opportunities, diverse job prospects and high calibre career developments, a perfect starting place for numerous graduates from Newcastle University and Northumbria University.
Employing over 130,000 people in over 17,500 companies, the professional service companies across the city are thought to generate around 25% of the region’s total wealth. Over 30,000 students across Newcastle are studying related fields, accumulating a strong talent pool with skills that can be applied to meet the burgeoning sector’s needs.
Tech and Digital
One of the most illustrious digital clusters outside of the country’s capital, Newcastle, has the highest growth in England, with the city’s technology and software industry worth over £2 billion.
This sector alone accounts for over 3,500 businesses, employing over 27,000 people in Newcastle and its surrounding commuter belt.
Not to mention, Newcastle is the only location with a company featured in the Financial Times Stock Exchange 100. Sage Group plc are a leading global software company that liaises with rapidly expanding local start-ups through collaborating and innovating future schemes in the pipeline.
Digital and tech companies setting up base in Newcastle are set to benefit from the high calibre talent pool brought by two world-class universities, teamed with strong social networks and a faultless support system, the city’s immeasurable links with external organisations provide the opportunity to locate in high-spec creative hubs.
Overall, the city’s tech sector is worth over £2 billion and is overtaking the rest of the economy with the industry growing 2.6 times faster and job numbers rising five times as quickly. This has triggered young professionals and millennials to occupy the, leaving Newcastle property an attractive asset for investors looking to capitalise on the digital tech boom.
Medical Science and Sustainability
Only six regions have been specifically designated as UK Science Cities and judging by Newcastle’s internationally renowned reputation for medical sciences and sustainability, this is a more than deserved title. Located in the city’s core, Newcastle Helix presents itself as a 24-acre mixed-use site and a monumental location for exploring science, business, leisure and living. If you are choosing to invest in Newcastle, considering a location next to numerous landmarks could increase the lucrativeness of your property creating maximum gains in properties for sale in Newcastle.
Setting the benchmark for cutting-edge facilities across the UK is the International Centre for Life, an award-winning visitor attraction and educational facility belonging to Newcastle University specialising in research, biotechnology and fertility and regenerative medicine therapies, also a great day out for the whole family to enjoy.
Secondly, Newcastle University Institute for Ageing is the largest facility of its kind in Europe, with a clear objective to bring together a combination of public, research and business insights to help produce strategic solutions for the emerging market created by demographic change. Newcastle University has been awarded £20 million by the government in order to establish the National Centre for Ageing Innovation.
Pharmaceutically, the North East is a major contender in leading this industry with an established pharmaceutical cluster. With an annual income of £ 1 billion, Newcastle upon Tyne Hospital NHS Foundation Trust sits at the top of numerous tables, undertaking a plethora of clinical trials, and recruiting just shy of 12,500 patients.
