Invest North East England news
The North East Fund has announced that during 2020, it helped more than 100 regional companies to raise £50m of funding despite the coronavirus pandemic. Businesses across Northumberland, Tyne & Wear and County Durham received £20m of investment direct from the North East Fund which then helped them to secure a further £30m of finance […]
Fast-growing South Tyneside-based Metec UK has won a pair of contracts totalling £5.5million to manufacture sacrificial anodes for the long-term protection of steel jackets and foundations against corrosion used in the offshore renewable energy industry. These recent contract wins – one off the coast of Scotland and two offshore substation jackets off the coast of […]
Leading global marine operations specialists TSG Marine have come together with North East engineering and lifting experts JK Lifting Equipment for the first time, to collaborate on a unique project for Gulf Marine Services at Port of Blyth. The project saw the two firms partner to deliver testing and maintenance work aboard Gulf Marine Services’ […]
Britishvolt, the UK’s foremost investor in battery technologies, has selected a site in the North East of England to build the UK’s first battery gigaplant. The company has acquired exclusive rights to a site in Blyth Northumberland and intends to begin construction in Summer 2021. World-class lithium-ion batteries will be in production by the end […]
With heightened uncertainty, new work-from-home guidelines for thousands of employees and restrictions temporarily halting work on construction sites nationwide, new commercial developments like Newcastle’s AirView Park could not have predicted the months (and year) ahead back at the start of 2020. Like other companies, Tynexe Commercial Ltd, the developers behind the 175,000 sq ft scheme […]
3D Bio-Tissues – a biotech start-up, whose technology aims to tackle cornea donor tissue shortages and speed up life-changing transplants worldwide, has moved into a specialist lab facility – The Biosphere on Newcastle Helix. 3D Bio-Tissues and their technology is the outcome of more than 20 years of pioneering research. They specialise in creating ‘bio-equivalent’ […]
£6.7 million of funding has been awarded to proposed heat network schemes in the North East of England today through the Government’s £320 million Heat Networks Investment Project (HNIP). Seaham Garden Village and Newcastle University are among the schemes to have been awarded funding through HNIP, which has now awarded over £125 million in its […]
An award-winning electric vehicle (EV) charging company, Elmtronics is set to step up the roll-out of charging points across the country after securing a £1.5m investment. Elmtronics, which is based in Consett and is the UK’s leading independent provider of charging points, has raised the funding from the North East Venture Fund (NEVF), which is supported by […]