Invest South Tyneside will be exhibiting alongside the Port of Tyne and Invest North Tyneside at SPE Offshore Europe as Tyne Offshore.
Tyne Offshore - Your strategic location for an outstandingly successful, net zero future
When considering any commercial property investment, finding a future-proof, strategic location that will sustain your energy business in the long term is the single most important factor to get right. For offshore oil and gas operators, that place is here, on the River Tyne. At Tyne Offshore, offshore energy is our DNA and the facilities here provide a sheltered haven that's open 365 days a year for deep sea access and all your operational needs - today and tomorrow.
It's why over 5,000 energy companies have already relocated to the North East of England in the past 4 years - a 60% growth rate. Some, like Equinor and Dogger Bank JV, are building flagship operational (O&M) headquarters within Tyne Dock Enterprise Park, the Port of Tyne's latest commercial development opportunity. As other offshore operators begin diversifying into the clean energy sector, they too will need a 'net zero ready infrastructure', and it's ready for them here and now.
Why are so many energy companies migrating to the North East of England? Up to 80% lower costs are a big factor, but even more significant is the region's proximity to world class technical skills, with 50,000+ STEM students in local universities - more than in any other UK region. Add to this mix Tyneside's unique geographical position and our strong heritage in offshore oil and gas extraction, with an existing successful offshore cluster already based along the river. The north east also offers a highly skilled experienced energy sector workforce, plus unrivalled local government support from North and South Tyneside Councils to enable further expansion projects. Situated with fast and easy access to the North Sea, international airports and national rail network, it's clear why the River Tyne is set to become the long-term strategic location of choice for oil and gas operators.