Invest North East England news
MORE than 50 North East businesses got to hear first-hand how they can benefit from the growth of the UK space sector which is expected to reach £40bn by 2030. Delegates at the Satellite Applications Catapult Roadshow event, which took place at The Core, in Newcastle Science Central, were given an insight into how companies […]
A summary of this morning’s latest employment numbers covering October to December 2015 is below: Employment in the North East stands at 1,214,000 or 70.4% – an increase of 47,000 over the quarter and 28,000 over the year. This compares to a rate of 74.1% nationally. North East unemployment stands at 107,000 or 8.1% – […]
The UK’s digital industries, which boast a combined annual turnover of £161 billion, are said to be growing 32% faster than the rest of the economy. Government-backed Tech City UK published the findings in its Tech Nation 2016 report, said to be the most comprehensive study of the UK’s tech industries to date. The report […]
ONE of the UK’s leading manufacturers and International distributors of bearings, power transmission and motion transfer linkage products is expanding into the North East following a £2.2m investment. Dunlop BTL, supplies its products to original equipment manufacturers in the engineering, industrial, automotive and agricultural market sectors and via a network of authorised distributors, and has […]
More than £58 million has been invested into the regional economy by a fund set up to support projects which result in new jobs and economic growth. The North East Investment Fund, which is administered by the North East Local Enterprise Partnership (LEP), has granted funds to more than 20 schemes, using Regional Growth […]
Complete Office Solutions (COS) has taken occupation of one of the largest units at Ravensworth Development’s £7m Portobello Trade Park, a move that will create 50 new jobs over the next five years. The Yorkshire-based office supplies company, which is expanding into the North East, has signed a 20 year lease on a 20,000sqft […]
This week marks a significant milestone for subsea engineering company SMD as the MV Happy Delta, loaded with the world’s first deep sea mining vehicles, leaves the port of Tyne. In late 2007 SMD was awarded with a contract to design and build the world’s first deep sea mining vehicles for Canadian listed company Nautilus […]
A car parts and accessories firm which saved 21 jobs in Sunderland when a competitor went out of business is now aiming to expand its customer base from its new northern branch. Thor North was created last year to safeguard jobs and serve customers who had previously been supplied by Maccess Ltd, which went […]