Tag: Investment
Investments from Lockheed Martin, the UK Space Agency and Northumbria University forge pathway for NESST’s global prominence. Northumbria University, Newcastle has secured a total of £50 million in funding to create a world-leading space skills, research and technology centre in the North East of England. Major funding awards that were confirmed today from the UK […]
By Guy Currey, Director of Invest North East England In October this year, Dogger Bank Wind Farm in the North Sea – which, when complete, will become the world’s largest offshore wind farm – began producing electricity for the first time. So significant was this milestone that even the UK Prime Minister, Rishi Sunak, welcomed […]
Michelle Duggan, Inward Investment Manager at Invest North East England, reflects on a busy month for all matters electrification. September is always a busy time of year in the electrification calendar, and 2023 has been no exception. It marks the new wave of vehicle registrations and partners in the North East look forward to the […]
A&P and Cammell Laird have been awarded contracts by BAE Systems to build units for the Royal Navy’s Type 26 Frigates. The advanced anti-submarine warfare vessels are being constructed at BAE Systems’ site in Govan, Scotland, but will incorporate units built by both A&P and Cammell Laird. A&P Tyne – which boasts the largest fabrication […]
The campaign to install the first of 277 turbines at the world’s largest offshore wind farm is underway, marking a major advance in the industry and speeding up the transition to a cleaner, more secure energy system. The 260m tall turbines – which are almost twice the height of the London Eye – will be […]
UK digital challenger Atom Bank has recorded its first annual operating profit of £4 million over the last financial year off the back of strong customer growth numbers. The bank, which claims to be the first to operate in the UK exclusively via an app-based format, reported the milestone in its latest financial results for […]
Compound Semiconductor Applications (CSA) Catapult, the UK’s authority on compound semiconductor applications and commercialisation, is to move into an office in the North East as part of its plans to support industry across the UK. The CSA Catapult North East office will be located at North East Technology Park (NETPark) in Sedgefield, County Durham. Establishing […]
On Friday June 30, in partnership with local MPs, leading academics, and industry experts from across the North East, Moderna hosted a discussion focussed on the potential for driving economic growth in the North East through investment in key health and life science sectors. Leading the discussion Shadow Minister for Science, Research and Innovation and […]