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Jonny HarrisonJonny Harrison is sailing to Australia from the UK via the Panama Canal before he starts work in Sydney on a secondment at his firm PricewaterhouseCoopers »
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Send in the cranes

Posted by Ross Smith on October 17, 2007 8:37 AM | 

The exciting proposals unveiled this week for what has been dubbed the 'Stephenson Quarter' (behind Newcastle's Central Station) are another sign of the real success story that is the North East economy.

It underlines the confidence that this region is a place to invest in. Hopefully the planning process will move swiftly on this occasion and we can soon look forward to seeing another fleet of cranes - always a harbinger of economic development - roll into the city.

The only concern is that Government isn't supporting this type of investment the way it should. Its proposal to hike rates on empty properties risks deterring developers from similar schemes in future.

The North East economy is still undergoing change and has bold ambitions for a rapid increase in start-up businesses over the next decade. It goes without saying that they need places to start in and places to grow. Government policy should be backing this ambition - not undermining it.

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