North Tyneside businesses experience unparalleled growth

In the past 12 months, 1,800 new jobs have been created at Cobalt and Quorum business parks, bringing the workforce up to 17k

Originally Enterprise Zones, the parks continue to attract new businesses, with large companies such as Hewlett Packard, Tesco Bank, Accenture, Convergys, Balfour Beatty and EE now occupying space in the area.

Just last month Cofely, a leading multi-national provider of integrated and energy services, announced it was to create up to 200 new jobs in North Tyneside, after setting up a new operation on Quorum.

Utilitywise plc, a leading independent utility cost management consultancy, also recently announced plans to relocate to Cobalt in order to accommodate its existing 640 staff, with plans to create an additional 560 jobs as the company continues to expand.

Welcoming the growth news, North Tyneside Elected Mayor, Norma Redfearn said: “We are absolutely committed to supporting job creation in North Tyneside. That’s why it’s so fantastic that global corporations are locating here – a place where they know they can recruit a highly skilled, reliable and loyal workforce.

“While the needs of the different businesses vary considerably, our business parks and our local workforce are meeting their requirements as they continue to grow.

“The world-class investment and growth of companies on Cobalt and Quorum is really putting North Tyneside and the region on the map.

“The recent letting of space to Utilitywise plc – the largest office leasing deal in our region since 2009 – was a major coup for North Tyneside.

“Companies are attracted by the wealth of opportunities available in the borough, including modern, purpose-built offices, plenty of room to expand, great transport links, and of course, the help and expertise of our business support network.”

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