Process industries cluster boosts North East economy

NEPIC, the regional cluster for the chemical and process industries in the North East, has only been in existence for six years but has now contributed more than £1bn of added value to the regional economy.

At a cost of £1m per year, provided jointly by industry and the public sector, NEPIC has generated more than 166 times the investment made into its activities, providing a boost to the regional economy and the UK as a whole.

Working closely with private and public sector partners, the cluster has helped to win new investments that have secured or created 3,364 jobs.

This performance has helped the organisation grow to 550 members in just six years.