Businesses in Newcastle upon Tyne

Newcastle is a great place to do business, and this is not just us being biased, the city is now one of the country’s leading tech hubs thanks to the 2014 opening of a multi-million pound science and development quarter. In addition to science and technology companies setting up shop here, Newcastle attracts entrepreneurs from all niches, but why exactly is starting a business in the centre of the North East particularly beneficial?

Access top talent

The home of two universities – Newcastle University and Northumbria University – and a stomping ground for 67,800 individuals of working age qualified to an NVQ Level 4 or above, Newcastle offers a sound source of talent for businesses delivering a range of products and services. As well as offering new talent across numerous disciplines, the collaborative opportunities available to businesses from Newcastle University, such as assistance with R&D, development and training plus access to state-of-the-art facilities like laboratories, also makes the city a great place to grow the team behind your brand.

Recruitment costs are low in comparison with Birmingham and Liverpool, so finding the people to support your brand and its ambitions may be easier and more cost effective than you think.

Better quality of life

With more affordable house prices, lower crime rates and faster broadband speeds than other city centres around the country, Newcastle offers a better quality of life for those looking to launch a business and the staff who will work there. The city’s vibrant entertainment and culture scene is also legendary, with those wishing to climb the social ladder outside of the office able to participate in a calendar of events, including Newcastle Fashion Week and Newcastle Restaurant Week.

Find funding, grants and support

It’s not just the area’s top universities that are pledging their support to start-ups, business support is available from accelerators and science parks, the most renowned being Ignite100, a mentor programme for tech and digital entrepreneurs. Grants and funding are also accessible via schemes such as Let’s Grow, a £60million initiative supported by the Regional Growth Fund which focuses on unlocking capital investment and R&D opportunities to create jobs.

Having the support of a good accountant when starting up is especially important, and as a start-up business you may be surprised by the complexity of account management. With the help of a qualified and experienced accountant, like us, you can spend your precious time and money cultivating other areas of your business, and ultimately make growth easier whilst minimising risk.