Why Invest in Middlesbrough?
There's never been a better time to invest in Middlesbrough. Major recent investment projects totalling £500m have resulted in significant changes. The outcome is the creation of over 4,000 new jobs, support for new and growing business, expanded learning and leisure opportunities, and the building of 7,000 new executive homes.
The bold and ambitious plans to drive forward Middlesbrough’s economic resurgence were formally launched in March 2017 with the release of Middlesbrough's Investment Prospectus. The most up to date information about investing in Middlesbrough is available via the Invest in Middlesbrough website.
Middlesbrough is an ideal location to do business. The town is easily accessible from major trunk roads the A1 and A19, with a population of over 700,000 within a 30 minute drive time. Middlesbrough offers high quality office space, a sustainable workforce, a 30,000-strong undergraduate base, a strong manufacturing and engineering supply chain, and a world-class digital media and technology enterprise zone. A range of business growth support packages and continuous investment, combined with the energy and warmth of our people, a lower cost of living, improved housing offer, a rich cultural and leisure mix, and prime sites available for development makes Middlesbrough an attractive business prospect.
Incentives are available to businesses from the advanced engineering or digital sectors and retailers that locate within the town centre, Advanced Manufacturing Park and Boho Zone. 100% business rate relief for five years (up to a limit of £55,000 per year) and simplified planning arrangements through a Local Development Order are available within the Enterprise Zones, along with reoccupation relief and refit grants in targeted town centre retail areas.
"Middlesbrough is well and truly open for business. We understand business and how to help it flourish…there are great opportunities to succeed in Middlesbrough for businesses of all types and sizes and Middlesbrough Council will do all it can to enable that – from their very beginnings to becoming a thriving and prosperous long term asset to the town."
- Dave Budd, Middlesbrough Mayor
What's already happening?
Central Middlesbrough and Centre Square
Central Middlesbrough is host to 32 million town centre visitors per annum. Visitors and businesses can enjoy the surroundings of the new Holiday Inn Express and Premier Inn, a newly refurbished Jurys Inn, four key shopping centres, and the newly-developed, high quality independent food and beverage quarter (Baker/Bedford Street).
Additional development plans for Grade A office space in Centre Square and an improved residential offer ensure Middlesbrough remains the primary city centre of the wider Tees Valley economy.
Middlehaven is Middlesbrough's flagship regeneration area and includes world-class residential, office, education, leisure and cultural developments. Lying north of the A66, Middlehaven incorporates the dockside near Middlesbrough's Riverside Stadium, home to Championship football, and the landmark Transporter Bridge. It has already attracted £128m worth of investment with more in the pipeline.
Teesside Advanced Manufacturing Park (TeesAMP) is located in Middlesbrough’s industrial heart, Riverside Park. The development offers an attractive option for advanced engineering companies combined with coordinated research and development activity. Delivered in partnership with Teesside University, it focuses on working with existing engineering companies in the area and creating new activity through their supply chains.
The Boho Zone provides business space for new digital and creative companies to grow, network and do business. It is the digital media, digital technology and creative industry quarter in the heart of Middlesbrough and is like no other - a radical, beautiful combination of refurbished Victorian buildings and stunning award-winning contemporary offices. It's a genuine creative hub where new businesses, established successful companies and support agencies work together. The continued development and regeneration of this area ensures that the infrastructure and facilities continue to expand and support our cutting-edge, world-renowned digital city businesses.
Hemlington Grange is Middlesbrough’s premier mixed-use sustainable urban extension. The site is 57ha, mainly greenfield, on the southern fringe of Middlesbrough adjoining the housing neighbourhoods of Coulby Newham to the east and Hemlington to the north, providing a substantial development area in an attractive, semi-rural location. A small portion of the site consisting of the former Hemlington Hospital and abandoned sewage works is brownfield land.
Hemlington Grange has excellent road links and is in close proximity to retail and leisure facilities. A masterplan has been developed which provides for between 1000 and 1100 new homes and eight hectares of commercial development, as well as a new local community park and network of green spaces.