Middlesbrough has been ranked joint third place in the Financial Times’ European Cities and Regions of the Future report, which ranks small cities with the best long-term investment potential. This represents a climb of 6 places in the table since the report was last published in 2018/2019.

This recognition highlights Middlesbrough’s potential to attract foreign investment, and showcases the area’s ambition and regeneration opportunities.

If you’re looking to join our success story by starting or expanding a business, or bringing your business to Middlesbrough, advice and support is available.

Middlesbrough Council

Middlesbrough Council is committed to supporting your business, whether it’s a start-up, an expansion, or a relocation.

Businesses occupying a property with a rateable value of £12,000 per year or less are currently exempt from paying business rates. The rate of relief decreases gradually from 100% to 0% for properties with a rateable value between £6,001 and £12,000.

Apply for business rate relief.

North East Enterprise Agency

If you’re looking to set up a new business, you can access a package of support from the North East Enterprise Agency. The support is specifically for your own start up needs. The support is fully-funded and includes a variety of workshops where everything is covered to start your own business. In addition, if you’re looking at setting up a business in one of the Tees Valley’s priority sectors and recruiting new staff, you may be eligible for grant support.

Northern Powerhouse Investment Fund

The Northern Powerhouse Investment Fund (NPIF) aims to nurture regional entrepreneurship by providing investment and support for small and medium businesses between 2016 and 2021. The NPIF’s funding will support new and growing SMEs, create jobs, and encourage and attract additional private sector investment.

The NPIF provides commercial finance through three types of product funds: microfinance, debt finance, and equity finance. These funding options are designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow.

Tees Valley Business

Tees Valley Business is a one-stop-shop for business growth support and funding.

They work in partnership with Middlesbrough Council to provide a dedicated, tailor-made service to help your business succeed and grow.

Tees Valley Business is the local growth hub delivered by UMi on behalf of Tees Valley Combined Authority. It helps ambitious businesses realise their growth potential by offering access to a range of practical services, from local business information and assessing growth options through to unlocking finance and funding streams.

Carbon-neutral business

A range of programmes are available to help your business to reduce its carbon footprint, streamline operations, and reduce costs. Current projects are designed to support your business to embrace new strategies around net zero, carbon neutral, hydrogen use, and improving processes using the latest digital technologies.

Find out more on the help your business go greener page.

Skills Support for the Workforce training

Develop the skills to grow your business with Skills Support for the Workforce. Fully-funded training is available for small to medium sized businesses in the Tees Valley region. SSW training can boost skills, increase productivity and meet your current and long-term skills needs.