Government Relocation
The Case for the Tees Valley
If you are a key decision maker in the Lyons Review process, you are going to receive many brochures and see many web sites telling you exactly why you should relocate public sector departments or offices out of London and into this region or that region. They will all tell you largely the same things - eager workforce, available property, great housing, ease of communications and so on. This Tees Valley web site will tell you all of those things and more - but we intend to make life easy for you, so we’ll start by giving you a few very good reasons why we leave the competition behind.
The Lyons Review set out the need to achieve two significant goals:
- realisation of the major cost savings and efficiencies available outside London.
- a reduction in the considerable disparity of economic wealth between regions.
By choosing Tees Valley as a centre for public sector relocation you will maximise achievement of both of those key goals. In many respects, we are not just a good prospect, we are the No.1 prospect.
We can offer impressive facts to support our case and we can quantify our offering with financial and economic figures that clearly demonstrate our superiority
The facts that support our claim
Here are some simple facts to whet your appetite. Supporting detail can be found in our brochure which you can download from this site or contact us to request a hard copy.
- The cost of quality commercial property is lower in Tees Valley than in any other region of the UK. We’re talking a quarter of London costs and considerably lower than even Liverpool or Newcastle. Over the next few years the Tees Valley will have an ongoing supply of new office space that in terms of rental levels will afford savings of 69%, 104% and 404% versus Manchester, Edinburgh and London respectively. For a 500 job unit, this could save between £750,000 and £3.5 million each and every year.
- Tees Valley has ready availability of high quality personnel and one of the lowest labour turnover figures of any region within the UK. At 7.8% it is half the North East regional average and a third of the national average, which can see 1 in 3 people leave an organisation each and every year.
- Economic impact assessment work prepared in conjunction with PACEC and the University of Glasgow demonstrates that for every 500 jobs transferred to the Tees Valley the exchequer would benefit by c£9 million annually. In addition a further 100 jobs would be created locally.
- Any relocations to the Tees Valley would in themselves be a significant spur to further development and this would be part of the virtuous circle in which enhanced values (and confidence) generate more development. They would also further justify the extensive public sector investment in the regeneration of the Tees Valley.
- The area enjoys first class transport communications - both internally and externally - and the Tees Valley commuter takes less than 22 minutes to get to work.
- The average cost of housing in Tees Valley is £101,000. That’s lower than the average in any other region. The national average is £175,000. In Greater London it’s £280,000.
- We can offer exceptional quality of life in an area of great natural beauty. What’s more, all of this is available within a 21/4 - hour train journey from London.
- Tees Valley, in short, has the space (both in terms of sites and new premises), the will (a public sector committed to ongoing regeneration) and the people (up to 1.66 million within an hour’s drive).
That’s the very quick potted version of the Tees Valley proposition. Full details can be found in our brochure which you can download from this site or contact us to request a hard copy.