North Eastern England has an area of 9,000 square kilometers and a population of approximately 2.5 million. The region has a 38.8 billion economy and receives strong domestic orders and attains constant growth in output.
The North East region is economically optimistic, ambitious and culturally rich region with a strong reputation for industrial change and innovation.
Many major business entities have set their base in this region. Some of them are Nissan, Sage plc, Greggs plc, Siemens, Maersk, Procter & Gamble and Nike.
North East England is also gaining a reputation as a national center of excellence, when it comes to life sciences and healthcare. Healthcare and life sciences sector, with an annual turnover of £4 billion, is a major driver of the regional economy.
The process industry in North East England is flourishing with more than 350 companies that employ over 34,000 people and accounting £8 billion of GDP in the region.
It is indeed a very important center of economic activity. Following are some positive points about North East England:
North East is one among the 9 official British regions and comprises the combined area of County Durham, Tyne and Wear, Northumberland and Tees Valley (including parts of North Yorkshire). The prominent cities and towns in the North East England include Sunderland, Tyne, Middlesbrough, Durham, Darlington and Hartlepool.
For past many decades, the economy of the North East England focused essentially on two industries namely, coal mining and ship building.