An organisation set up to attract investment to Newcastle and Gateshead says it has supported the creation and safeguarding of more than 1,700 jobs in the last year.
Invest Newcastle said that 29 new businesses and 11 existing businesses chose to invest, locate or expand their operations in Newcastle and Gateshead between April last year and this March, creating 1,406 new jobs and safeguarding another 379.
The rate of job creation - a record for foreign direct investment in the area - came despite the slow return of international inward investment visits. The year also saw the annual FDI European Cities and Region of the Future report rank Newcastle as the fourth best mid-sized European city of the future.
