Building a bright future: The North East Fastest 50 celebrates 27 years of growth and opportunity
8th October, 2024
In partnership with The Journal, Ward Hadaway is proud to announce the 27th year of the North East Fastest 50 Awards, a celebration of the region’s fastest-growing businesses.
This year’s event will take place at the BALTIC Centre for Contemporary Art on Gateshead quayside on Friday 11 October. Jen Hartley MBE, Director of Invest Newcastle at Newcastle Gateshead Initiative (NGI) and Head of Economic Development at Newcastle City Council, will deliver the keynote speech at this year’s event alongside other speakers including Damien Charlton and Nick Gholkar, and The Journal’s Graeme Whitfield.
The Ward Hadaway North East Fastest 50 awards are a celebration of the spirit of innovation, determination and success of regional businesses. From Tyne and Wear to Teesside, they shine a spotlight on businesses that have not only weathered ongoing challenges but have thrived, contributing to the economic and social fabric of our region.
With 20% of the companies in this year’s list operating within the construction sector, the 2024 North East Fastest 50 offers a unique reflection of how the industry is playing a pivotal role in driving regional development.
“The North East’s strength in building and construction is more than just a legacy – it is deeply embedded in the region’s DNA,” explains Jen Hartley. “Construction has been central to the region for decades, with many of the UK’s leading construction firms originating here. This sector is key to future economic growth. With large-scale infrastructure projects, renewable energy developments, data centres and innovative tech hubs emerging across the region, the demand from the construction and built environment sector has never been higher.
Find out more about Fastest 50
Launched in 1998, the Ward Hadaway Fastest 50 Awards celebrate outstanding business achievement in the North East, Yorkshire and North West.
The Fastest 50 list is objectively compiled using data sourced from Companies House and ranked by the biggest average annual growth in turnover.
Keep checking back for all the latest updates. Follow #Fastest50 on Twitter and LinkedIn for all the latest news.
“What will be crucial to ensuring we reach our growth potential is the partnership between the private and public sectors, which is vital for continued development,” she adds. “I cannot wait to meet the region’s Fastest 50 growing businesses and celebrate their collective success, while also discussing how collaboration can unlock even greater opportunities moving forward. The North East has an impressive track record of resilience and innovation, and together we can continue to build a brighter future.”
The economic growth opportunities for the region are vast. From the Dogger Bank Wind Farm in the North Sea, set to be the world’s largest offshore wind farm located off the North East coast, to the AI datacentre at Blyth, the North East has positioned itself at the forefront of the new industries that will underpin the UK’s future economic strength.
These projects not only create jobs in the construction industry but also stimulate growth in the wider supply chain, from manufacturing to support services.
Other sectors, too, are flourishing. For instance, The Crown Works Studio in Sunderland is set to become one of the biggest film studios in Europe, while The Helix in Newcastle, which brings together academia, the public sector, and businesses, showcases the region’s diverse strengths and its ability to attract global investment.
Damien Charlton, a Partner at Ward Hadaway who leads the North East Fastest 50 Awards, explains: “The North East has traditionally been a hotbed of construction and this strength continues to position us well for future growth, even as the industry undergoes change and challenges.”
One such change that the construction sector is adapting to is increased demand for sustainable and green infrastructure.
“Whether it’s in building homes, commercial properties or supporting renewable energy projects, ‘green’ building is the vehicle driving us towards sustainable development. Beyond renewable energy, sectors such as life sciences, digital technology and media are thriving which also requires a significant investment in building and construction. These industries, alongside traditional sectors, are driving the North East towards a stronger and better future.
“As we come together to celebrate the North East Fastest 50 growing companies this year, we also acknowledge the need for ongoing investment across both established and emerging sectors. This will ensure the region is able to play a vital role in supporting the UK’s economic growth. With a strong foundation in construction, combined with collaboration across industries and a forward-thinking approach, the North East is well-equipped to embrace future opportunities and create lasting prosperity for the businesses and communities that call it home.”
Look out for the full 2024 Ward Hadaway North East Fastest 50 list that will be published in The Journal next week, highlighting the region’s most dynamic and successful businesses.
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