PORT OF TYNE ANNUAL REVIEW 2012

ANNUAL REVIEW 2012ESTATES“With an eye on the needs of potential businessinvestors, the Port has been further expandingits landholdings in 2012.”Estates 2012 2011 Change Change%Turnover £2.0m £1.6m +£0.4m +25%LAND AVAILABILITY AT THE PORT IS THE KEY TO SEIZINGTHE EMERGING OPPORTUNITIES IN THE OFFSHORE ANDRENEWABLE ENERGY SECTORS.Ensuring the business has sufficientland located as near as possibleto the mouth of the river is crucialto its success.With an eye on the needs of thesepotential business investors, thePort has been further expanding itslandholdings in 2012. North of theriver the Port has acquired additionalriver frontage at Howdon, along withland that had been in use duringthe construction of the second TyneTunnel, which has now been returnedand is available for operational use.As part of the ongoing strategic reviewof landholdings, the Port disposed ofland at the former upstream Spillerssite in Newcastle.South of the river, land has beenacquired at an adjoining site to TyneDock. The redevelopment of theformer McNulty site will allow the Portto extend the available river frontageat Riverside Quay to support offshorewind, oil and gas manufacturingand servicing as well as unlockingfurther potential regeneration projects,which could include the creation of apublic river viewing point and visitorinformation facility.One of the Port’s major developmentsites is situated north of the river inan area designated an Enterprise Zoneby the Local Enterprise Partnership(LEP). This site is ideally suited forthe build and assembly of turbinesfor the proposed offshore wind farmsat Dogger Bank, part of The CrownEstate’s Round 3 offshore wind farmdevelopment.The Port has been actively targetingdecision makers in the sector andits supply chain, activity which hasresulted in significant live enquiries.Ongoing discussions are taking placewith these potential inward investors,working with various GovernmentDepartments and the North EastLEP to secure what would be a majoreconomic boost for the region.The Port’s existing business unitscontinue to be in high demand, withover 60 tenants on the site employingan estimated 500 people.30HECTARES OF PORT OFTYNE LAND IN THE NORTHEAST ENTERPRISE ZONE40ACRE INCREASEIN THE PORT’SLANDHOLDINGSPictured: Left, IHC Engineering Business at the Port of Tyne19