The North of Tyne Combined Authority is a significant change to the local economic landscape, providing a major opportunity to bring new economic prospects and focus. The new Authority brings together the three local authorities of Newcastle, North Tyneside and Northumberland in a Government-backed vehicle to improve the economy. Focused around a vision of a growing and inclusive economy that provides opportunity for all, and led by directly elected Mayor Jamie Driscoll together with the local authority Leaders and Deputy Leaders, the Combined Authority has begun to invest its £20m annual budget in transformative projects.
New projects include; grant and loan funding mechanisms to support inward investors and local small to medium sized businesses, ambitious plans to grow the visitor economy, and work to engage more young people in science, technology and maths activities. Some of this activity is already bearing fruit – such as the Tour of Britain North of Tyne stage that finished on Grey Street on 9th September – while others, such as establishing the city as a global leader in ageing research and technology, are much longer-term plans.
To find out more about how the North of Tyne Combined Authority is supporting business growth and investment in Newcastle, contact Beverley Linsley (Beverley.email@example.com) or visit https://www.northoftyne-ca.gov.uk/.