Turntide Technologies Acquires Electric Vehicle Component Developer AVID Technology
Turntide Technologies Acquires Electric Vehicle Component Developer AVID Technology
Turntide Technologies Acquires Electric Vehicle Component Developer AVID Technology

Turntide Technologies, the company responsible for the Smart Motor SystemTM, has announced the acquisition of UK-based AVID Technology Limited, a cleantech engineering firm that designs and manufactures electrified powertrain components and systems for heavy-duty and high-performance electric (EV) and hybrid vehicles (HEV). The acquisition helps Turntide decarbonise the transportation sector and offers a high-performance alternative to the […]

County Durham Growth Fund awards £5.4 million to local businesses
County Durham Growth Fund awards £5.4 million to local businesses
County Durham Growth Fund awards £5.4 million to local businesses

The County Durham Growth Fund has awarded £5.4 million in grants to 21 companies from across the county, helping to create over 500 jobs. Established in April 2019, the fund is a £8.9 million capital grant scheme providing grants to small and medium enterprises in County Durham to accelerate their growth. The fund is managed […]

‘Global North East’ – North East LEP publishes new regional trade and export report
‘Global North East’ – North East LEP publishes new regional trade and export report
‘Global North East’ – North East LEP publishes new regional trade and export report

The North East Local Enterprise Partnership, in partnership with the Department for International Trade (DIT) and North East England Chamber of Commerce, has published a new report, ‘Global North East’, outlining how the region can build its competitiveness, drive higher productivity, and create more and better jobs by increasing international trade. ‘Global North East: Driving growth in North […]

New report highlights potential of mine energy in achieving UK net zero target
New report highlights potential of mine energy in achieving UK net zero target
New report highlights potential of mine energy in achieving UK net zero target

A new white paper published by the Mine Energy Taskforce and Local Energy Hub network has called for greater support for mine energy as a key low carbon heat source in the UK that can contribute to government’s ambition to reach net zero by 2050. The report also outlines how the introduction of large scale […]

UK’s first overseas wind farm set to create 15,000 jobs with £200m North East plant
UK’s first overseas wind farm set to create 15,000 jobs with £200m North East plant
UK’s first overseas wind farm set to create 15,000 jobs with £200m North East plant

A renewable power company has announced that the country’s first overseas wind farm will create 15,000 new jobs across the country. Hecate Independent Power (HIP) has today launched its HIP Atlantic Project, which will be based in the North Atlantic and connected to the UK by a £200m power cable plant that will be manufactured […]

DSTL latest to join Helix ecosystem
DSTL latest to join Helix ecosystem
DSTL latest to join Helix ecosystem

The Defence Science and Technology Laboratory (DSTL) is creating a new unit based at the National Innovation Centre for Data (NICD) in Newcastle. Around 15 new staff will be recruited to work at the unit which is due to open in late 2021. The NICD seeks to address the shortage of data analytics skills in […]

Cybersecurity company, Healthymity, makes Sunderland base for fast-growth start-up
Cybersecurity company, Healthymity, makes Sunderland base for fast-growth start-up
Cybersecurity company, Healthymity, makes Sunderland base for fast-growth start-up

A world-renowned cyber security expert has built a base in Sunderland, and is targeting rapid expansion that will see his business create 10 new jobs this year.  Dr Igor Kotsiuba, who relocated to the North East from Ukraine under a Global Talent Visa, has launched Healthymity Limited, which aims to support AI and decision-making in […]

How inward investment trends are helping drive growth in the North East economy
How inward investment trends are helping drive growth in the North East economy
How inward investment trends are helping drive growth in the North East economy

By Guy Currey, Director, Invest North East England March 2021 marked the anniversary of the UK’s first national coronavirus lockdown, and many people reflected on where they were and what they were doing when the news was announced. I was leading a familiarisation visit, showing a potential investor around key employment sites in the North […]