Turbine Business Park is included within the North East Enterprise Zone, known as the A19 Ultra Low Carbon Vehicle Corridor. The benefits of the Enterprise Zone, comprise ease of planning through Local Development Orders and enhanced capital allowances for plant and machinery.
In addition to mainstream business support, the region’s agencies are involved in a wide range of other activities including financial packaging, investment readiness, mentoring, innovation and apprenticeships, as well as specific services for ‘green’ companies, people in rural areas and people with disabilities in the North East. The combined turnover of the enterprise agencies in the North East is £23m, employing 360 staff, managed over £20m of loan/equity funds and assisting 2,000 start ups per annum. The agencies are the largest providers of regional incubation services in the North East acting as landlords and business support for over 700 tenants across the region.
The agencies deliver over 90% of the governments New Enterprise Allowance business start up and loan fund programme across the whole region.