The UK market for Shared Services Centres is projected to grow to around £3 billion per annum by 2015. County Durham already has a very well established base of inward and indigenous investors as well as suitable property facilities in this area.
The County has good access to several large conurbations and their labour pools including Newcastle, Gateshead and Sunderland which serve the business parks and industrial estates in Peterlee and Seaham.
The business and financial services sector is well supported by the UK government with tax regimes such as reductions in corporation tax, influencing locations chosen by international firms.
The UK’s attractiveness has been based in part on the favourable regulatory environment, which has been supportive of the industry, as well as the UK’s well-developed legal and accounting frameworks.