Author: rebecca
Rapidly growing Fintech company, Growth Capital Ventures (GCV), has secured £1 million of growth capital from institutional investors to continue its expansion and fast-track the growth of Britain’s burgeoning tech sector. GCV has now opened up the investment round to new private investors via its online investment platform – growthfunders.com Investment from the current round will […]
Business Durham is set to help a further five entrepreneurs launch their businesses with its successful six-month accelerator programme. Durham City Incubator (DCI) is designed to help new County Durham companies flourish and has so far supported 22 entrepreneurs, in the past three cohorts, to launch their businesses and achieve national recognition and investment funding. […]
Funding has been secured to create a Manufacturing Zone within Jarrow Business Centre in South Tyneside, to support high growth businesses in the advanced manufacturing and offshore energy supply chain. South Tyneside Council has been awarded almost £500,000 from the Government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), to develop the […]
A specialist space awareness and surveillance company has opened the UK’s only Orbital Analyst centre in Durham. Northern Space and Security Ltd (NORSS), which specialises in Space Situational Awareness (SSA) and Space Surveillance and Tracking (SST), has expanded its team and set up the NORSS Orbital Analyst Hive (NOAH) at Aykley Heads Business Centre which will work to identify, track and monitor the behaviour of […]
The decom partnership between Thompsons of Prudhoe and the Port of Blyth has successfully completed a 516-tonne tandem lift onto the quayside using crawler cranes, in what was the port’s largest heavy lift to date. Port of Blyth was selected as the location for the landing of a 2MW SR2000 floating tidal turbine on behalf of […]
The Energy Central Offshore Wind Demonstrator is a new project being proposed. The Offshore Renewable Energy Catapult and Advance Northumberland are working in partnership to develop a new facility for testing the next generation of advanced offshore wind turbines, in a move designed to attract inward investment into the County linked with the rapidly expanding […]
A unique new fund aimed at protecting the intellectual property of high value health and life sciences businesses in the North East has been announced by the North East Local Enterprise Partnership (North East LEP). The COVID-19 Patent Protection Scheme is a £300,000 grant fund designed to support high-value proposition (pre-commercial) health and life science […]
Deal agreed for £60m Sunderland regeneration scheme to redevelop the 61.8-acre Hillthorn Park site in Washington into a manufacturing hub, that could support the creation of 1,600 jobs. Legal & General, on behalf of its Industrial Property Investment Fund, has agreed a deal with Sunderland City Council to invest £60m in a regeneration scheme that […]