North of Tyne – the area
It begins at the most southerly boundary of Northumberland and continues north to the border with Scotland, and spans from the North Sea on the east coast to the border with Cumbria in the west.
The area has a population of 880,000, a local economy of £17 billion, over 360,000 jobs and it is home to 23,000 businesses.
The North of Tyne is filled with stunning natural landscapes, great people, and has a strong track record of creating jobs and supporting world-leading businesses.
It also has lots of potential, including:
- one of the fastest-growing local economies and job growth rates in the country
- one of the fastest-growing technology sectors outside of London
- the highest-skilled workforce in the North
- excellent transport links nationally and internationally
- innovation, research and development hubs in two universities and world-leading businesses
- a huge range of natural, historic and cultural assets
But, we also have a number of challenges, such as:
- consistently higher unemployment than the national average
- lower productivity than the national average
- social inequality with pockets of deprivation and a lack of job opportunities in some areas
The Combined Authority
The North of Tyne Combined Authority has ambitious plans to create 10,000 jobs over the term of the deal, adding over £1bn in goods and services and levering over £2bn of private sector investment. It has also meant the transfer of power and investment from central Government to Newcastle, North Tyneside and Northumberland. The deal required an elected Mayor (on a term of 5 years) and thus secured £600m of government funding over the next 30 years which is separate from local government funding.
Devolution gives us the chance to make our own decisions about our own future so we can target investment where we know we need it most. We want to make the strong connection between economic growth and providing people with the skills, education and confidence to benefit from the opportunities that will follow.
Strategic plans and spending
For the new North of Tyne Combined Authority – spanning Newcastle, North Tyneside and Northumberland – the future focus is on positive change. We want to quickly and decisively make a real and positive impact on people’s lives, businesses and communities. To create this impact will use levers such as education and skills, technology and broadband to create accessible jobs, influence transport and housing while also working on green initiatives and tourism.
Our vision is of a dynamic and more inclusive economy, one that brings together people and opportunities to create vibrant communities and a high quality of life, narrowing inequalities and ensuring that all residents have a stake in our region’s future.