City Guide
Newcastle
This guide is for climate and impact startups looking to expand to Newcastle upon Tyne. Urban Impact’s Future Cities Guides highlight regions where impactful tech clusters thrive, explain the city’s innovation priorities and introduce the most relevant support programs.
Newcastle upon Tyne
Located in the North East of England, Newcastle is known the world over as an industrial hub underpinned by an award-winning culture and leisure offer.
From the iconic Tyne Bridge to Newcastle United FC’s St James Park, it has one of the world’s most recognizable cityscapes among the UK’s regions. It is now centered on an emerging tech cluster home to one of the world’s first fintech companies, among other competitive strengths in tech and talent.
City Partner
NewcastleGateshead Initiative
NewcastleGateshead Initiative (NGI) is a destination and inward investment agency that delivers for Newcastle, Gateshead, and the wider region. Every single one of its projects is dedicated to making a lasting social and economic impact. As drivers and enablers of economic growth, NGI champions North East England on a world stage and maximises its impact through partnerships with over 130 private sector organisations.
A word from the Mayor — Video
Jamie Driscoll
Mayor of the North of Tyne
What topics does this guide cover?
Introducing the North East.
The commercial heart of the North East of England, Newcastle has access to a working-age population of 2.7 million people. Boasting strategic assets including state-of-the-art innovation district Newcastle Helix and the UK National Innovation Centre for Data (NICD), Newcastle shares a regional tech ecosystem with the City of Sunderland and Middlesborough.
Consistently one of the highest performing cities in the UK for attracting foreign direct investment, with significant emerging clusters in cleantech, fintech, healthcare, energy, and sustainability, Newcastle is covered by a new £4.2B devolution deal from the UK Government to create a new North East Mayoral Combined Authority in 2024. This new regional government will focus on unlocking growth and increasing productivity through investment in transport, digital, and innovation and will include a £1.4B (£48M per annum) investment fund.
338 funding rounds
2018 to 2022 (Source: Dealroom)447 companies VC funded
since 1990 (Source: Dealroom)$1.2 Billion VC Investment*
2018 to 2022 (Source: Dealroom)*Almost half of the region’s funding over that time period went to two companies: Britishvolt (Blyth) and Atom Bank (Durham)
Governance.
Newcastle upon Tyne is administered by Newcastle City Council, which forms part of the North of Tyne Combined Authority along with North Tyneside Council, and Northumberland County Council.
The local authority for the city and metropolitan borough, Newcastle City Council is currently run by Leader of the Council, Councillor Nick Kemp, and Chief Executive, Pam Smith, who have launched an ambitious strategy around inclusive economic growth.
The NTCA was established in 2018 as part of the UK government's Northern Powerhouse initiative, which aims to boost economic growth and job creation in the North of England. The NTCA has responsibility for a range of issues, including transport, economic development, and culture and tourism. In 2019, Jamie Driscoll was elected as the first North of Tyne mayor.
Green regulation.
Newcastle is the first city in the world to have three anchor institutions (local authority, hospital trust, and university) declare a Climate Emergency and make Net Zero commitments through the development of climate strategies in the city’s sectors since 2019.
The city is establishing itself as an international climate leader, recognized as such by international climate research provider Carbon Disclosure Platform (CDP) through the award of ‘A’ grade status – one of only 95 places globally to receive the top rating.
The Net Zero Newcastle 2030 Action Plan sets out Newcastle’s long-term strategic vision to be net zero carbon emissions by 2030. An ambitious program of Net Zero interventions will deliver the action plan, focusing on energy, the transportation sector, climate adaptation, and sustainability.
Hot topics and innovation priorities.
What innovation topics are important for the city at the moment? What are the challenges the city is tackling?
Healthy Ageing and Longevity
Home to the UK National Innovation Centre for Ageing, Newcastle is playing a key role in research around healthy ageing and longevity, encouraging city leaders and stakeholders to play a more active role in the wellbeing of the population.
Smart Cities and Digital Transformation
With one of the fastest-growing technology clusters in the UK, Newcastle is at the forefront of innovation and research about digital transformation and how we use data to improve the quality of life for residents.
Energy Innovation
As a leader of the first Industrial Revolution, Newcastle is driving forward the Green Industrial Revolution through innovation and research, connecting up with the North East coast, which has a highly developed offshore sector made up of world-leading companies.
Ecosystem overview.
Newcastle's investment proposition is built upon its strong research and innovation capabilities, prestigious universities, and prime development sites. With its forward-thinking approach and supportive business environment, Newcastle is well-positioned to attract investment, drive inclusive economic growth and create exciting opportunities for many years to come. Over the last 5 years, Newcastle-based startups have raised over $380M* in funding, accounting for roughly a third of VC investment activity in the North East region.
Innovation districts
At the heart of this ecosystem is Newcastle Helix, an urban innovation district. It is home to the UK National Innovation Centre for Ageing and National Innovation Centre for Data, making it a world-leading center for research and innovation in the fields of healthy ageing and data science.
Leading universities
Newcastle’s two universities, Newcastle and Northumbria, are academic institutions that have earned a global reputation for research excellence. Newcastle University is a member of the Russell Group meanwhile Northumbria was named Times Higher Education’s University of the Year for 2022. With almost 60,000 students enrolled, these universities provide a solid foundation for fostering innovation.
Attractive infrastructure
Newcastle boasts an array of attractive physical and digital infrastructure for new companies, with key strategic sites such as Newcastle Helix, Pilgrim Street, and Stephenson Quarter offering investors a unique opportunity to establish themselves in the city.
*Source: Dealroom
Relevant ecosystem players.
Interview Highlight — Video
Nic Palmarini
Director
National Innovation Centre Ageing
Innovation districts and testbeds.
Newcastle Helix
A vibrant 24-acre district that brings together a community of industry leaders, businesses, and top researchers in an internationally renowned innovation community. It’s a collaborative ecosystem for public and private bodies that’s unlike anything else in the UK. Businesses that co-locate here benefit profoundly from being in the center of one of the most important innovation hubs in Europe.
The Core
Newcastle Helix
Newcastle upon Tyne
NE4 5TF
PROTO
The first digital production facility of its kind in Europe offering virtual production, 3D scanning, motion capture, and sound recording. PROTO is part of the Digital Catapult NETV network and is also home to the North East Tees Valley Immersive Lab (one of only four in the UK).
Abbott's Hill
Baltic Business Quarter
Gateshead
NE8 3DF
Shepherd Offshore
Part of the North Bank of the Tyne, Shepherd Offshore includes Neptune Yard and Offshore Technology Park and is one of the UK’s six CORE (Centre for Offshore Renewable Engineering) sites. Focusing on businesses that operate offshore and subsea, the site boasts close proximity to the Port of Tyne and the riverfront and is also home to Tyne Subsea, a national Research and Development center for subsea engineering.
Offshore Technology Park,
1 Rendle Road,
Walker,
Newcastle upon Tyne,
NE6 3NH
Support for startups.
Startups wanting to expand to Newcastle can benefit from a broad range of tools and services—from grants and sponsorships to consulting opportunities.
Land In program
from Invest Newcastle
Program
Land In is a free service designed to make it easy to enter the UK & European markets and is exclusively for overseas businesses wanting to establish a long-term presence here.
North East Growth Hub
Toolkits
Support
The Growth Hub is delivered by the North East Local Enterprise Partnership (North East LEP). The LEP works to make the North East a place where more businesses invest, grow and prosper, to deliver more and better jobs for everyone. The North East Local Enterprise Partnership area covers County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside, and Sunderland.
Technology, Innovation & Green Growth for Offshore Renewables (TIGGOR)
Program
The TIGGOR program has been established to support the acceleration of businesses in the North of Tyne and the wider North East England region. Funded primarily by the North of Tyne Combined Authority (NTCA), the program is designed to boost supply chain growth and productivity in the region’s burgeoning offshore wind and subsea sectors, as well as encourage the market entrance of companies that currently do not operate in these industries.
Ignite North East
Program
Ignite is an early-stage accelerator program for start-ups with high-scaling potential (usually tech). Established in 2011 it’s supported more than 500 founders, who between them have raised hundreds of millions in investment and created hundreds of jobs.
Innovation SuperNetwork Support
Support
Open to businesses across North East England, the Innovation SuperNetwork supports the development of innovation pathways, taps into new markets, launches innovative products, and secures finance. To be eligible to access digital support you must be a small or medium-sized enterprise based in the North East – North of Tyne area.
Interview Highlight — Video
Estelle Blanks
CEO
Innovation SuperNetwork
Funding Landscape.
Newcastle-based startups can benefit from a well-established investment ecosystem across the UK and benefit from dedicated local venture capital and private equity investors as well as debt financing or grants. For a list of UK climate and impact-focused VCs refer to the UK Guide.
Promising urban and climate tech startups.
Breakthrough energy storage systems using ‘second life’ electric vehicle batteries
Sector: Energy
Stage: Late VC
Founded: 2010
Matthew Lumsden
CEO and Founder
“Newcastle is the natural home for Connected Energy. The city – and our location at the Newcastle Helix - has provided us with everything we need on our scale-up journey. From high-spec, flexible office space, links to two universities and the talent and learnings they provide through to being surrounded by like-minded innovative companies who are working on future energy and climate solutions.”
CellRev
CellRev is a biotech company focused on process intensification in cell manufacturing applications.
Sector: Biotech
Stage: Early VC
Founded: 2018
Impact Recycling
Breakthrough plastic recycling technology which separates the components of mixed plastic waste.
Sector: Circularity
Stage: Early VC
Founded: 2014
Newcells Biotech
Experts in the production of induced pluripotent stem cells.
Sector: Biotech
Stage: Early VC
Founded: 2014
Equiwatt
Digital platform enabling households to get paid for saving energy at peak times.
Sector: Energy
Stage: Early VC
Founded: 2015
Credits
Research and Writing
Pascal Vilhelmsson
Sophie Persigehl
Design and Editing
Lucas Teixeira
Jonas Schorr
Expert Contributions
Sam Cassidy
Andrew Stevens
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