Newcastle is a major centre for the renewable, offshore and subsea energy industries, registering a 60% growth rate across the sector in the past four years, as more businesses capitalise on our city’s strategic location. It’s easy to see why with access to three deep sea ports, 400 hectare of accompanying riverside development land, and close proximity to North Sea developments such as Dogger Bank.
Businesses locating here can also benefit from world-leading R&D facilities, including Newcastle University’s £7 million engineering research facility, the Tyne Subsea, as well as the National Centre for Subsea and Offshore Engineering, and the Offshore Renewable Energy Catapult, the UK’s flagship technology innovation and research centre for offshore wind, wave and tidal energy. We’re home to global giants Siemens, TechnipFMC, GE Wellstream, Bridon Bekaert and Shepherd Offshore.
The North East’s five universities have the highest proportion of students studying engineering and technology subjects in the UK, which combined with the 28,000 employees currently working in the regional energy sector, provides a large talent pool of workers for companies doing business here.