The recent events surrounding Northern Rock, coupled with the news the £500m Energy Technologies Institute won’t be coming to the North East, you might expect am air of ‘doom and gloom’ to hang over the region’s economy.
So here’s the reasons why we should not lose the optimism and ambition that have characterised the region in recent years:
1. Our response to the situation at Northern Rock, prompted by NECC’s call for the business community to unite behind a company which has done so much good for the region;
2. Expansion at Teesport moved closer this week as a deal was struck which should pave the way for PD Ports’ Northern Gateway project;
3. Emirates’ new flights to Dubai from Newcastle have hugely strengthened the region’s position as an international business location;
4. Amec’s new design and engineering centre in Wynyard will create 150 jobs – ncluding scores of high quality graduate positions;
5. Company of the year Wellstream’s shares hit an all-time high this summer after successfully opening a factory in Brazil;
6. Tanfield aims to treble production at its Washington plant next year;
7. Eaga has broken into the FTSE 250 just three months after flotation;
8. Newcastle Building Society has just announced plans for a new centre in North Tyneside which will recruit 500 staff.
There’s plenty more where those came from – and a stack of new success stories about to be revealed when the Fastest 50 is published next month. The North East remains a fantastic place to do business – and the best is yet to come.
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