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A number of organisations in the north-east of England are working to keep up with demand for managed office space across the region with the extension of an already sizeable business centre in Hartlepool.
UK Steel Enterprise (UKSE) is investing close to £5 million to see the continued development of a site in the Tees Valley, where the latest construction effort is aimed at establishing a further 46 managed offices.
Demand for managed offices is emanating primarily from small and medium-sized enterprises, which organisation like One North East and Tees Valley Unlimited are keen to see establish themselves and flourish.
Both groups have welcomed the investment from UKSE, which is a subsidiary of the increasingly international manufacturing giant Tata Steel.
“This investment by UK Steel Enterprise is very welcome and it is good to see the development taking shape,” commented One North East’s director of capital development, David Cramond.
“Projects like this are extremely important for the economy of Tees Valley and the north-east and demonstrate what can be done when organisations work in partnership across the region.”
One North East is a regional development agency that works closely with organisations like Tees Valley Unlimited, which represents public, private and voluntary interests within the local area.
Elsewhere in the north-east, a report published last month by BNP Paribas Real Estate suggested that serviced offices were growing in popularity among businesses in Newcastle, the largest city in the region.