North Tyneside Council’s long term investments and assets have seen a dramatic increase in value as its Newcastle Airport shares rose in value.
The authority has seen an increase in its assets, particularly from its holdings and shares in Newcastle Airport, as people are more free to travel abroad following the pandemic. The value of the council’s stake in the airport has increased from £7.8m to £10.8m between March 2021 and March 2022.
The council’s property assets have also increased by around £20m, bringing the total value of its long term assets to £1.116bn. This includes the council's property and machinery.
