inward investment opportunities in the north east of england
TRANSCRIPT
Inward Investment Opportunities in the North East of England
Benjamin Fisher
•
North East of England Facts & Figures
− Area 9000 sq.km− Population 2.6m− Working Population 1.01m− Commercial Capital
− Newcastle-upon-Tyne− 2 major Sea ports− 2 International Airports− 4 sub-regions
− Northumberland− Tyne and Wear− County Durham− Tees Valley
North East England
− 5 Major Universities − Covers a diverse geographical area:
sparsely populated rural areas; industrial heartland, city centres
− 70% of population live / 90% work in towns and cities
− Regional population 2.6 million, 4.3% UK population (minority ethnic population 2.4%)
− Ageing population in line with national average – by 2021 23.1% will be 65
Introduction to One NorthEast
− One NorthEast is the Regional Development Agency − for the North East of England tasked with the mission to:
‘Transform the North East of England through sustainable economic development’
− To achieve this vision, One NorthEast has the following objectives:
-Accelerate economic development and regeneration -Promote business growth and efficiency, boost
investment and increase competitiveness -Generate thousands of new jobs -Develop the work skills of the people living here to
meet the needs of a changing economy
− One NorthEast employs approximately 300 people with an annual budget of £300m
One NorthEast International Investment & Aftercare Team
− One NorthEast Investment & Aftercare Team responsible for delivery of International Activity
− Mission− To create a network of strong global relationships
that deliver increased activity in;− Foreign Direct Investment− Technology Transfer− Venture Capital Investment− R&D and Knowledge Collaboration
Method− Pro-active promotion through One North East’s
overseas office network, UK Trade & Investment and British Embassy
− In 2007/08 One NorthEast − attracted 69 (up from 57) FDI projects − creating 1,572 new jobs and − safeguarding 2,062 jobs
One North East – Inward Investment Video
North East Strategy for Success
NewcastleScience
City
BalticBusinessQuarter
Digital City, Middlesbrough
Energy Centres WiltonCentre
Skills BusinessSupport
Design and Innovation
Science and Technology Finance Skills Business
SupportDesign and Innovation
Science and Technology Finance
Healthcare &Technologies
Healthcare & Health Sciences
Process Technologies
Energy
Leadership Council
Related Activities e.g.
Biosystems Informatics Institute
New Cluster
Cels/ICfL
Leadership Council
NaREC
Related Activities e.g.
PV NorthEast
Cluster Development
Leadership Council
CPI
Related Activities e.g.
Tees Valley Hydrogen Project
NE PIC
Healthcare &Technologies
Healthcare & Health Sciences
Process Technologies
Energy
Leadership Council
Related Activities e.g.
Biosystems Informatics Institute
New Cluster
Cels/ICfL
Leadership Council
NaREC
Related Activities e.g.
PV NorthEast
Cluster Development
Leadership Council
CPI
Related Activities e.g.
Tees Valley Hydrogen Project
NE PIC
NETPark
Software City,Sunderland
ICT E-business Content SoftwareICT E-business Content Software
Universities
Innovation Connectors
• New and Renewable Energy, Blyth, Eastgate, Easington
• Centre for Process Industries, Wilton • Digital City, Middlesborough
• Software City, Sunderland
• NETPark, Sedgefield • Design Centre for the North, Baltic Business Quarter
• Newcastle Science City
‘Innovation Connectors’ – stimulate growth by providing physical regional focus for design, innovation, science and the creative industries;
North East Economy: Healthcare & Life Science-Investment Opportunities
− North East Stem Cell Institute (NESCI)-leading organisation for the academic and commercial development of the region’s stem cell & regenerative medicine industry (opportunities in research applications & enabling technologies i.e cell banking
− Northern Institute for Cancer Research (NICR)-R&D and clinical research facilities supported by Cancer Research UK
− Recognised by the NIHR as a national Specialised Biomedical Research Centre into Ageing & Health (one of only 3 outside the Golden Triangle)
− One of the UK’s largest clinical cardiac centres- University of Newcastle, RVI, Freeman & James Cook Hospitals
− Newcastle University Institute of Neuroscience (Institute looking for industrial collaborations in cognitive, visual, auditory and sensory neuroscience)
− NIHR supported Clinical Trials Research Centre in the North East including Newcastle Clinical Trials Unit, Clinical Ageing Research Unit & Clinical Research Facility
− Contracting opportunities in R&D
North East Economy: Digital Media & Technology-Investment Opportunities
http://www.thinkingdigital.co.uk/media/video_library.php http://www.thinkingdigital.co.uk/blog/?p=84
Financial Support
-One NorthEast also administers capital job creation grant and R&D grant schemes
Indian Investment in North East England
− North East England currently has 13 Indian firms, employing over 1,500 staff and contributing to a combined total capital value at point of investment of £40m
− 70% of FDI investments made through M&A activity − 55% of Indian investment since 2003 has undergone and completed
expansion projects− One NorthEast has had direct presence in the Indian market since January
2007
Case Study: Tech Mahindra
− Tech Mahindra, majority stake owned by Mahindra & Mahindra, announced software and BPO service centre investment in S. Tyneside. Tech Mahindra received £1.9m grant funding from One NorthEast and will create 523 new jobs
Indian Investment in North East England
Case Study: Shasun Pharma Solutions Ltd
− Shasun acquired Rhodia Pharma Solutions Ltd’s pharmaceutical custom synthesis business in 2006 in a deal worth £18.5m. Shasun currently employs 258 staff at its Cramlington site and has been in negotiations with One NorthEast on potential re-investment projects
Case Study: Paramount Cables
− New Delhi-based Paramount Cables acquired AEI Cables in 2007 in a deal worth £13m. One NorthEast provided £1m GBI which secured the employment of the 314 staff at Birtley
Contact
Namrata Sundaresan Benjamin FisherOne NorthEast India Representative Investment & Aftercare
AdvisorOne NorthEastRiverside HouseGoldcrest WayNewburn Riverside Newcastle Upon TyneNE15 8NY
Tel: +91 44 4217 9124 Tel: +44 191 229 6364Mob: +91 98401 84541 Mob: +44 7824537670Email: [email protected] Email: [email protected]
Thank You