A World of Opportunity 29491 Mipim Brochure AW 19/10/2015 15:49 Page 2

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Tees Valley A world of opportunity 29491 Mipim Brochure AW 19/10/2015 15:49 Page 2

Tees Valley has a world-class reputation for delivering already taking advantage of what is on offer in large-scale projects across key sectors, such as Tees Valley. There are excellent road, rail, air and Offshore, Oil and Gas, Advanced Manufacturing, sea connections, which include a deep-water port, Engineering, Chemicals and Processing, Automotive international airport, extensive passenger and freight and Aerospace, Logistics, Renewables and Digital. rail network and some of the least congested roads in the country. Tees Valley is a world renowned industrial centre with an established history and expertise within our key sectors. The area’s long heritage and industry expertise means This gives us a competitive advantage over many other that there is a ready-skilled, affordable workforce areas and has helped attract over £1.3 billion of capital available to businesses looking to invest in Tees Valley. investment since 2011. It is one of the most loyal and dedicated workforces, with staff turnover rates one of the lowest in the country. Tees Valley’s main advantage over other UK and global Tees Valley is also one of the most fertile places for locations is its low operating costs. Tees Valley is developing talent, with the ever-expanding Teesside undoubtedly a cost-competitive location, with rents and University home to 20,000 students, a large proportion rates around half of most major cities, and a quarter of of which study manufacturing and engineering courses. those in London. This, combined with competitive wage rates, and financial incentives available on sites and One thing that really makes Tees Valley stand out as a premises, make it a great location for new investment forward-thinking business location is the way the area or expansion. looks after its businesses. Tees Valley Unlimited (TVU) Tees Valley has a first class infrastructure, and many have a Business Investment team with a strong track companies have already chosen to locate in the area. record of attracting investment into the area and are Major global players such as SABIC, BP, Huntsman, on hand to offer the best possible support and advice ConocoPhillips, Amec Foster Wheeler, Jacobs to help potential inward investors locate to an area with Engineering and Mitsubishi already operate from sites immense possibilities. TVU work alongside local and within Tees Valley. From world-class OEM’s to leading national organisations to ensure that our businesses tier-one suppliers, there are hundreds of businesses are given the opportunities to grow to the next level.

Tees Valley

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n Total of £1.346 billion capital n Investment of £764 million in expenditure in Tees Valley since Enterprise Zone projects since 2011 2011 (that’s £6.5 million a week!) n Over 8,000 jobs secured since 2011 n £174 million of investment secured through schemes like the Local Growth Fund, which will deliver projects across the area up until 2021

Rail manufacturing returns to its birth place

Hitachi Rail are bringing rail manufacturing back to commuter trains for Scotland, will be the North East with a new £82 million Rail Vehicle manufactured. This massive investment shows Manufacturing Facility recently opened in Newton a confidence in the area and in the strength of its Aycliffe. The facility is where the Government’s new growing economy. Investment of this kind will have InterCity Express (IEP) trains for the East Coast a huge impact locally bringing with it a wealth of Main Line and Great Western Main Line, and AT200 opportunity for the supply chain.

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Oil and Gas

Tees Valley is a key centre for the oil and gas sector in SUBSEA North East England, which has produced more than 70 per cent of the oil platforms and heavy engineering for The UK’s major sub-sea service providers are all the North Sea. resident in Tees Valley, which they chose for its prime geographic location and the support services within the Tees Valley’s deep water ports make it ideally located for region. This has created a hub of expertise operating servicing the North Sea and offshore industries. The area globally in the renewables, oil and gas and can offer expert offshore fabrication facilities and prime telecommunication sectors, including sub-sea land availability and is also home to the world’s largest ROV (remotely operated vehicles); cable-laying and cluster of subsea cabling and trenching companies. cable-trenching capability Tees Valley boasts one of the world’s greatest concentrations of companies operating in the offshore DECOMMISSIONING oil and gas, subsea, decommissioning and offshore wind sectors. Tees Valley has many advantages to offer the offshore decommissioning sector. With more than 500m of With one of the most complete and integrated supply available quay side, and depths ranging from 9-11m, chains anywhere in the UK, support for businesses is we can offer an “oven-ready” solution to the offshore already on hand, making Tees Valley the perfect place industry. to invest. OFFSHORE WIND OIL AND GAS FABRICATION Offshore wind presents a wide range of exciting With its long history of offshore engineering, Tees Valley opportunities in the Tees Valley, with real potential for has many expert fabrication companies in the offshore growth. The region already boasts a potential supply sector, providing a full supply chain solution from chain of more than 400 companies, employing over conception to delivery (including operations and 20,000 people and there are 160 Tees Valley firms already maintenance, skills and training). directly involved, or actively interested, in the sector.

Who’s Here?

n Hereema n ConocoPhillips n Tracerco n Amec Foster Wheeler n Darchem Engineering

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Advanced Manufacturing and Engineering

Tees Valley is at the forefront of engineering and Support groups like Teesside Engineering Network are manufacturing developments thanks to its rich heritage on hand to help champion engineering companies in and tradition in this sector. With several hundred years the area. They provide a forum for engineering and of manufacturing and engineering excellence, the manufacturing companies to learn about local projects, foundations are laid for a successful and thriving meet with other businesses in the supply chain and industry. present opportunities for face to face networking.

Tees Valley is home to a large, successful cluster of advanced manufacturing and engineering businesses operating across all industries, from aerospace and Shaping the World automotive to renewable energy and chemicals. The strength of manufacturing in Tees Valley is due to the Tees Valley companies helped build Canary Wharf process, offshore and energy sector, which form the and Wembley’s famous arch. From the Hong Kong heavy industrial economic base of the area. Convention Centre, to the New World Trade Centre in New York, Tees Valley companies have been involved in shaping our world.

Who’s Here?

n Cleveland Bridge n Amec Foster Wheeler n Cordell Group n Hertel n MTE Ltd

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Chemicals and Processing

Industries such as chemicals, biofuels and oil-refining contributes £2.2 billion a year to gross value added to are at the centre of the industrial heartland of the area. Tees Valley.

Tees Valley is home to the largest integrated chemical n Tees Valley is home to 58% of the complex in the UK, and the second largest in Western UK’s chemical industry Europe in terms of manufacturing capacity. n North East England process All types of chemicals are represented, from petroleum processing and hydrocarbon separations activities industries contribute £26 billion through to petrochemical manufacture and fine and to the UK economy specialty chemicals to pharmaceutical intermediates and actives. Our chemical industry is concentrated across a Who’s Here? relatively small geographical area, and as such enjoys a well-developed infrastructure. The three main sites n SABIC of Wilton International, Billingham and Seal n Sands/North Tees run approximately 12 miles east INEOS to west either side of the River Tees and are home n Growhow to some major international companies, such as Huntsman, INEOS, SABIC, GrowHow and Sembcorp. n Johnson Matthey More than 1,400 companies are directly involved in the n Huntsman chemicals and process industry and its supply chain in Tees Valley, the sector exports £12 billion of product and

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Automotive and Aerospace

Many major automotive players have already chosen Tees Valley and the wider North East to locate their business. From passenger car manufacturers to heavy off-road vehicles, the area is host to a number of world-class OEMs and tier-one suppliers. With some of the most efficient production facilities in the world, the North East has proven that it has the skills, assets and public sector support to continue growth of Tees Valley’s automotive industry.

Tees Valley is home to some of the best and most productive automotive facilities in the UK. The area is innovative and forward thinking, helping it to maintain its position at the leading edge of developments in this sector. Tees Valley has a vibrant aerospace and defence supply chain, which includes innovative companies delivering services from aircraft recycling, overhaul and repair Recent successes include: through to manufacturing insulation systems for leading OEMs and providing internationally-renowned July 2015 fire training. Cummins’ Low emission bus engine production switches from China back to Darlington Durham Tees Valley Airport (DTVA) is part of Peel Airports, which also owns Robin Hood Airport Doncaster June 2015 Sheffield, and is at the heart of the Aerospace industry Nifco’s announces plans for a 3rd factory, boosting in Tees Valley. staff numbers to 800 Business and general aviation are core activities at Sept 2014 DTVA and include the Serco International Fire Training Centre, Cobham Plc (flight training and services) and ElringKlinger opens new £10 million facility Sycamore Aviation (aircraft dismantling, recycling and maintenance). The DTVA Master Plan presents a vision April 2014 for re-positioning the airport, and looks to secure Nifco opens new £12 million manufacturing facility additional investment to continue to establish a vibrant and powertrain R&D centre specialist airport. A key feature is the 2291 x 45m runway, which can accept aircraft of any size.

Who’s Here?

n Cummins n Nifco n Esterline n Serco n Cobham

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Creative and Digital

DigitalCity Business is the business driver for Tees Valley’s digital sector. It is fast becoming the most Stockton based eCommerce agency, Visualsoft vibrant digital hub in the UK - a successful and demonstrate the strength of the digital industry in self-sustaining digital media, digital technology the area as they continue to thrive. Staffing levels and creative super cluster developing a worldwide have grown from 20 to more than 200 in just six reputation for creativity, imagination and years and further expansion is expected, with inspirational vision. offices in Edinburgh, Manchester, Leeds and Birmingham planned. They were named Teesside Led by the Institute of Digital Innovation at Teesside Company of the Year at the North East Business University and DigitalCity Business in the Boho Zone in Awards, and with new headquarters “Visualsoft Middlesbrough, a thorough package of all-encompassing House” in Stockton, the company is on target to support is available to turn ideas into business and beat turnover of £8 million for the year. make Tees Valley the first choice location for the digital industry. Industry professionals with significant worldwide Who’s Here? experience can support the start of a business, the n growth of a business and the development of skills Capita Total Document Solutions needed to shape the digital future. n Onyx Group DigitalCity Business is based at Boho One, the flagship n building of Middlesbrough’s new exciting Boho Zone; the Scoot digital, creative and business hub of the Tees Valley and n Respondez is dedicated to offering world class professional support to digital and creative businesses from across the North n Visualsoft East region.

Boho One

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Logistics

With fast flowing roads, excellent rail connections, three international airports on the doorstep and one Supermarket giants Asda and Tesco are already of the UK’s largest ports, Tees Valley is easy to get to taking advantage of what’s on offer here as both and around, making it the ideal location for logistics operate from distribution centres on the Teesport businesses. estate. Tesco’s 1.2 million sq ft warehouse is one of the largest distribution centres in Europe, and The area is home to a first class logistics infrastructure Teesport was the only port that could meet their and there are currently over 17,000 people directly requirements for a distribution centre of this size. employed across more than 250 logistics companies, making it one of the fastest growing industries in Tees Valley. Who’s Here? Tees Valley has many advantages for logistics companies looking to locate here. By tapping into our unique deep n PD Ports sea and short sea capabilities a whole range of new n options will open up. Teesport, operated by PD Ports, is A V Dawson the third largest port in the UK and each year handles n Peel Group around 450,000 TEU of container traffic, a figure that has grown rapidly over the past seven years. Recent port n Clipper Logistics statistics show that Teesport is the largest exporting port n in the UK with growth of 15% on last year, showing a Prestons of Potto confidence in the area by some of the major logistics n Stillers operators. Companies using portcentric logistics bring direct benefits to their supply chain by eliminating road miles from southern ports to distribution centres based in the north, not to mention the environmental impact by reduced road travel.

Teesport

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Renewables

Tees Valley is leading developments in the renewable ENERGY FROM WASTE sector. It boasts a growing cluster of biomass, biofuel, bioethanol and energy from waste plants. It also has With over £410 million of private investment in the last 18 plans to develop Europe’s first Carbon Capture and months alone, the Tees Valley energy sector continues to Storage (CCS) equipped industrial zone. thrive and grow. Tees Valley Unlimited’s Low Carbon Action Plan supports the energy sector by continually developing initiatives, making the area a leader in OFFSHORE WIND biofuels and low-carbon technology. There is an increasing demand to build renewable energy assets, in particular offshore wind, and Tees Valley has KEY DEVELOPMENTS been awarded UK Government CORE status as a Centre for Offshore Renewable Engineering. This is in SITA and Sembcorp UK are developing a new energy recognition of the area’s existing port infrastructure, from waste facility at the Wilton International complex. available skills and supply chain and will enable rapid The contract is worth £1.8bn over 30 years and will divert growth in the offshore wind sector. 400,000 tonnes of non-hazardous office and household waste a year from landfill. The region benefits from good access to supply chains and from 16.5GWE of wind farm development within easy Air Products are building 2 new 49MW power facilities reach of port sites. Its main advantage over rival on industrial land near Billingham. Using advanced locations is its proximity to the northern North Sea and gasification technology the new facilities will provide the Dogger Bank wind farm, which experiences higher renewable electricity for up to 100,000 homes. than average wind speeds than anywhere else in Europe.

CARBON CAPTURE AND STORAGE Who’s Here?

Led by Teesside Collective, a cluster of leading n Air Products industries, Carbon Capture and Storage (CCS) is a ground-breaking initiative with a vision to n EDF Energy Renewables establish Tees Valley as the go-to location for n future clean industrial development by creating SITA Sembcorp Europe’s first CCS equipped industrial zone. n Offshore Structures (Britain) CCS is a proven technology that can capture, n JDR Cables transport and permanently store up to 90% of the

CO2 emissions produced by industrial facilities, preventing them from entering the atmosphere.

Teesside Collective has a viable end-to-end plan

that encompasses the capture of CO2 from a cluster of energy intensive anchor companies, as well as the transportation and permanent storage under the North Sea. It is envisaged that other industries already in Tees Valley would also be able to plug in to the network, as would new plants attracted to the area by the infrastructure. This represents a significant step forward in achieving a low-carbon industrial cluster in Tees Valley as it will become one of only a few global locations where companies can access infrastructure to significantly reduce their carbon emissions.

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A cost-effective place to invest

One major deciding factor of moving to Tees Valley financial incentives on sites and premises and access to should be the advantages involved of it being a cost- a range of funding and support, makes Tees Valley an competitive place to invest. More than ever, companies attractive location compared to other regions. need to focus on the cost-effectiveness of their Tees Valley has a low cost of all-round living, meaning facilities and Tees Valley has some of the lowest companies are profitable and people have more time to operating costs in the UK. spend enjoying what’s on offer in the area. In practically Rents and rates are around half that of most major UK any comparison between Tees Valley and other UK cities, cities, and a quarter of those in Aberdeen, London and you’ll find that there are considerable cost savings to be the South East. Labour costs are also much lower than made here. the national average. This, along with considerable

Average office costs indicate that Tees Valley provides the most affordable rents in the country, including for Grade A office space. This means that over the next three years, taking a 10,000 sq ft office in Tees Valley would, for example, save £420,000 over a similar building in Guildford, £510,000 over Edinburgh and £525,000 over Manchester.

Source: BNP Paribus Real Estate. UK total office occupancy costs, January 2014

Overall, the weekly pay of full-time Tees Valley workers is 92% of the UK average. Whilst Tees Valley has significant strength in the IT, science, engineering and technology sectors, pay remains relatively low compared with all other parts of the country.

Source: ONS, ASHE, 2014

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Tees Valley Enterprise Zone

There are a wide range of cost-effective sites and premises across the Tees Valley, with 12 Enterprise Zones and a total of 423 hectares available for new business investment that offer financial incentives to companies choosing to locate here, as well as simplified planning and super-fast broadband.

The Enterprise Zone encompasses a wide range of sites including a number with existing units. The sites include both new and established business and enterprise parks, plus large cleared industrial sites with access to utilities, port services and logistics. All our Enterprise Zone sites offer excellent transport connections, with excellent road links to the A66, A19 and A1(M), main line railway stations offering passenger and freight services, an international airport on the doorstep and access to one of the UK’s largest deep water ports, Teesport.

Enhanced Capital Allowance Enterprise Zones: Four sites have Enhanced Capital Allowances. Companies locating on these sites can apply to receive first year capital allowance at 100% on qualifying plant and machinery to a maximum of £100 million to offset against corporation tax when the investment is made before March 2020. Tees Valley is one of only a small number of areas across the country that can offer large-scale occupiers enhanced capital allowances.

South Bank Wharf, Redcar & Cleveland New and Renewable Energy Park, Stockton-On-Tees (80.7 hectares) South Bank Wharf is one of the prime (41.3 hectares) Part of the Seal Sands energy and freehold opportunities with deep water access in Europe. chemicals hub the site was recently cleared and levelled. Perfect for a large offshore investment with quay access, It has B2 planning designation permitting land to be the site already has 10.4m water depth with the ability to developed for potentially high hazard plant and energy dredge. The site is located next to Teesport, the UK’s generation. US energy company Air Products have largest exporting port, has 350m river frontage and is chosen this as a site to build two energy from waste close to the integrated chemical site at Wilton plants. International. Wilton International, Redcar & Cleveland Hartlepool Port Estates, Hartlepool (164 hectares) Five development plots are available. (56.9 hectares) Part of the existing operating port in The fully serviced chemical complex has existing Hartlepool and ideal for renewable energy or advanced infrastructure including power, steam and water giving engineering companies. Fully serviced with five quays, a companies the opportunity to ‘plug and play’. The site is total length of 900m across three berths. The site is also close to Wilton Centre R&D facility and has pipe already home to major international companies such as linkages to the north of the River Tees, which also offers Heerema and JDR Cables. jetties and storage facilities.

Hartlepool Port Estates New and Renewable Energy Park

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Business Rate Relief Enterprise Zones:

Companies locating to one of the eight Enterprise Zones offering business rate relief may qualify for up to £55,000 a year of rate relief over 5 years, totaling £275,000. These sites are ideal for small and medium sized businesses which form the supply chain of the area’s heavy industry such as petrochemicals, renewable energy and advanced engineering, or which are part of the area’s emerging and fast growing digital sector.

Queens Meadow Business Park, Hartlepool Oakesway Industrial Estate, Hartlepool (12.7 hectares) (13.6 hectares) Existing business park with offices and Part of an existing industrial estate, the Oakesway industrial units. Located close to Hartlepool Port Estates Enterprise Zone site is situated close to Hartlepool and ABLE Seaton Port. Port Estates.

Teesside Advanced Manufacturing Park (TAMP), Northshore, Stockton-on-Tees Middlesbrough (5.1 hectares) Part of the major regeneration scheme (11 hectares). Located next to the highly successful in the area, the site is linked to the highly successful Riverside Park Industrial Estate, TAMP offers the Teesdale Business Park via the new landmark Infinity opportunity to be part of an already established cluster Bridge. The development includes offices, retail, leisure of businesses. The site will host an Offshore Wind space, hotels and housing and is located close to the Validation Centre which will provide research into centre of Stockton and is also home to the new Fusion fabrication methods for offshore wind turbine towers and Hive development which opened in 2015. foundations, plus validation services aimed at helping manufacturers prove their validity to prospective Central Park, Darlington financiers and insurers. (9.3 hectares) Part of the regeneration scheme in Darlington, Central Park is home to Darlington College Kirkleatham Business Park, Redcar & Cleveland and the new Teesside University Darlington campus. The (12.6 hectares) Existing units next to the integrated Centre for Process Innovation (CPI) opened the National chemical site Wilton International where a cluster of Biologics Manufacturing Centre in 2015. The £38 million chemical and process industry companies are based. centre will support the growth of the UK biologics The site has serviced land ready for development as well industry. Business Central also opened in 2015. Situated as existing office and industrial buildings available for in the heart of Darlington it offers office space to immediate occupation. established and start-up businesses.

Belasis Business Park, Stockton-On-Tees St Hilda’s, Middlesbrough (8.5 hectares) An established business park with existing (8.1 hectares) Situated next to the thriving digital cluster office units this site is perfect for companies in any of Boho, the site is located close to the town centre of sector looking to move or expand into the area. Middlesbrough, near both Teesside University and Middlesbrough college.

National Biologics Manufacturing Centre Fusion Hive

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Live in Tees Valley

From spectacular countryside to stunning coastlines, impressive museums to exciting outdoors, the Tees Valley area boasts a wealth of attractions making it the ideal place to work and live.

The area is home to some of the most attractive villages Independent retail offer and café culture is further and market towns in the country, offering great living, strengthened by nearby Yarm High Street and the vibrant high streets, excellent eateries and good old picturesque market town of Guisborough. Voted fashioned pubs, all at affordable prices. “Best High Street in Britain” Yarm is home to boutiques, designer shops, cafés, bars and restaurants, whilst Average house prices in the North East are the lowest in Guisborough, steeped in history, acts as a gateway to the UK, almost a fifth of that in London, and nearly half the beautiful North Yorkshire Moors. the national average. Accommodation on offer varies from executive homes, Victorian town houses and The beauty of the area is hard to resist, with rolling hills, high-spec apartments to country cottages and miles of beach and acres of park life it is perfect for seaside living. those wanting to explore the outdoors. Some of the most spectacular scenery in the UK is right on the doorstep There has been a huge amount of investment in the of Tees Valley, with Roseberry Topping providing main towns across Tees Valley. Darlington, Stockton breath-taking views across Tees Valley. and Middlesbrough are all enjoying new look town centres with a great choice of high street retailers, For thrill-seekers there are few more exciting cafés, restaurants and bars whilst Hartlepool’s experiences than bungee jumping off the Transporter multi-million pound investment in Middleton Grange Bridge, white-water rafting at the Tees Barrage or shopping centre will transform the retail offer in the mountain biking through Guisborough Forest. town centre. Redcar seafront has also benefitted from a significant investment programme.

Saltburn Pier

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At the edge of the conurbation lies the Victorian seaside Drive time to national treasures such as the Lake District resort of Saltburn, where you can enjoy making sand National Park and Kielder Forest is around an hour and castles on the beach and sampling some of the finest half making them perfect places to relax for a weekend fish and chips around. And with an original Victorian cliff break. Major cities such as Newcastle, Edinburgh, Leeds lift offering access to the hilltop, anyone can enjoy the and Manchester can all be reached within 2 hours, and impressive coastline vista. London is only 2 and half hours on the main line train.

Redcar Sunset Fine Dining

Roseberry Topping

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Tees Valley Unlimited

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