Invest North East England news
Pockit, an inclusive Fintech company focussed on customers who are excluded and underserved by high street banks, has set up a new office in Newcastle. This follows securing £15m of investment finance during 2020 and is part of their UK expansion plans and vision to drive financial inclusion. Pockit has become part of the growing […]
Innovative modular housebuilder, CoreHaus, is opening its first UK manufacturing site at a County Durham business park as part of its scale-up plans. CoreHaus has secured its new 20,000 sq ft unit at Jade Business Park, in Murton near Seaham, and recruited a highly skilled team to start production of its unique modular homes, which […]
ABGI, one of the world’s leading R&D tax incentives and innovation advisors have opened a new office in Newcastle. As part of their national expansion plans, ABGI has recruited an initial team of 9 new ‘Innovation Funding Advisers’ (IFAs) for their Newcastle operation, who will service the company’s clients across the North East of England. The new […]
Guy Currey, Director of Invest North East England, explains how the coronavirus pandemic has impacted inward investment in the region in 2020, and how – moving forward – inward investment can help the region bounce back. At the start of 2020 it was Brexit, and its potential impact on the North East and UK economy, […]
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 […]