Tag: Business Durham
The County Durham Growth Fund is celebrating having invested more than £500k in three businesses from across the county within 10 months of its launch. Established in April 2019, the three-year fund is a £4.9m investment scheme providing funding to small and medium sized businesses in County Durham to accelerate their growth. The fund overseen […]
A leading government minister has called on global businesses to consider investing in County Durham. Jake Berry, Northern Powerhouse minister, praised the “passion and drive” of the area’s “highly-skilled workforce” and described the county as a “good place to invest” during a visit to the area. Mr Berry took a tour of family firm Thomas […]
Sumitomo Electric Wiring Systems Europe, part of a global Fortune 500 corporation founded in 1615, is the first tenant to sign up for a new business unit at Jade Business Park in Durham. Jade Business Park, which is now under construction, is a 55 acre employment site just moments from the A19 and Dalton Park […]
An incubator designed to help fledgling companies grow and thrive in County Durham has been launched at one of the region’s fastest growing business hubs. Durham City Incubator, based at Salvus House, in Aykley Heads, Durham, will be open to businesses that have been trading for under 12 months and are based in County Durham. […]
A new private sector business park capable of attracting up to 6,000 new jobs, worth £400 million to the county’s economy looks set to move into its first phase of development. The unique site on Aykley Heads, set in mature parkland and with outstanding views over the World Heritage site, offers a once in a […]
Hitachi have opened a new £5m building at their train factory in Newton Aycliffe, County Durham. The new building, which increases production capacity, means Hitachi’s total investment in the site reaches over £100million. The new building, named ‘Aspire’ following a staff competition, was opened by Phil Wilson MP. Established in 2015, the Newton Aycliffe plant […]
Lightweight Containers, a Dutch-based manufacturer of lightweight kegs for the drinks industry, has chosen to locate its first UK manufacturing plant in County Durham. The company has taken a 10-year lease on a 62,000 sq. ft. unit at Foxcover Industrial Estate in Seaham and expects to create around 35 jobs within two years. The company […]
Thorn Lighting celebrates its 90th anniversary on 29th March 2018, and remains as innovative a force as ever. Over the past nine decades Thorn has established itself as a global leader in the lighting industry. Today it is known for smart and reliable high-performance lighting solutions with integrated controls, serving countless applications. Its name is […]