Jenny Simpson

Does the North East of England Show promise to Investors?

Leading Korean biotechnology company opened its European division in Newcastle University to develop its stem cell research programme showing promise to the North East being the place to invest.

RNL Bio was established in Korea in 1961 and specialises in stem cell research as well as developing therapeutic products and regenerative medicine. RNL Bio is also currently conducting research at its site in Korea to develop a new product developed from a herb for the treatment of diabetes. 

Science Parks such as Knowledge Campus and Netpark are supporting this high-tech industry growth, as is major investment into the region’s key sector strengths of health sciences, new and renewable energy and process industries.  

Within a radius of only 45 miles there are five universities – Durham, Newcastle, Northumbria, Sunderland and Teesside. There is also a large network of further education colleges, with 18 of these offering higher education courses so there is a lot of academic talent in the North East.

Between them these institutions attract around 96,000 full and part-time students. The retention rate of graduates in the region is the highest outside London.

Around 10 per cent of the students in the region are from overseas, adding to the cultural diversity and increasingly outward looking perspectives of North East England. This gives an extra dimension to the unique Regional Language Network, set up to substantially increase the language skills of the region.

This knowledge-driven approach, backed by huge public investments in education, training and business support, is a high priority in regions like North East England.

The region enjoys striking contrasts between the vibrant and increasingly cosmopolitan cultural life of its cities and large towns, its peaceful attractive countryside, breathtaking mountain and moorland scenery, and its beautiful unspoilt coastline making it an ideal hub to relocate business to.

North East England is home to 588 overseas companies from 32 countries, employing over 27,000 people therefore making an ideal place for overseas investors looking for business opportunities in the UK or  business opportunities in England.

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