Tag: Investment
North East England has topped the list of UK regions for new job creation from inward investment successes, following annual statistics by the Department for International Trade (DIT). Consisting of new foreign direct investments and expansion projects from existing foreign-owned companies across the region, DIT’s statistics record that the North East LEP area attracted 5,495 […]
Driven by generations of expertise in engineering and high value manufacturing, the North East is widely recognised as the premier location for Electrification in the UK. Home to Europe’s first electric gigafactory and with recent investments from Britishvolt, Nissan and Turntide Technologies totalling over £3.75bn, the North East is rapidly emerging as the UK leader […]
JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and servicer, part of the TFK Group, has reached final agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new state-of-the-art subsea cable manufacturing facility in Cambois, near Blyth, Northumberland. The agreement means JDR is on track to begin construction in summer […]
Turntide Technologies, a developer of breakthrough electrification and sustainable operations technologies, has announced it has secured $80 million in equity funding, valuing the company over $1 billion, making it one of a handful of climate tech companies to achieve unicorn status in the first half of 2022. The funding will enable the company, which has […]
Rediviva , a North East company has created an innovative on-street electric vehicle charging solution, following a record-breaking year for EV car sales. Rediviva Ltd, a research, design and development company, explores alternative technology that will lead to cleaner energy and a low carbon future, including charging solutions to increase the adoption of zero emission […]
Thought leadership piece by Guy Currey, Director, Invest North East England With so much interest and activity around investment and development opportunities in North East England, it was a brilliant opportunity to attend the inaugural UKREiif event in Leeds a few weeks ago, and represent the region along with some local partners. It was a […]
Invest Newcastle has announced a further 200 brand new, high-tech jobs for Newcastle. Part of Newcastle Gateshead Initiative, Invest Newcastle has been working with global technology and management consultancy Credera since last autumn on establishing a presence in Newcastle. Today’s announcement further cements Newcastle’s position as a leading UK tech hub and yet another international […]
A new centre for well control training has opened in North East England to train drilling personnel in the oil and gas industry. It will be the only UK centre offering regularly scheduled IWCF-approved Drilling and Well Control training outside of Aberdeen. AIS Survivex, part of the 3t Energy Group, has invested in a dedicated […]