Tag: Investment
The County Durham Growth Fund has been awarded an additional £4,000,000 of funding to continue supporting businesses across the county until June 2023. Established in April 2019, the fund was initially a £4.9m capital grant scheme providing grants to small and medium enterprises in County Durham to accelerate their growth. Due to the additional funding, […]
Newcastle-based Space Group, specialists in design and technology, has launched Twinview, a brand new, digital platform designed to change the way buildings are managed and perform, helping to make them safer and more energy-efficient. The platform has been four years from research and development to go-live. Having launched just a few weeks ago Twinview is […]
INEOS, one of the world’s largest manufacturing companies, has today announced plans to produce 1 million hand sanitisers per month to help with the European shortage. The chemicals company plant to construct two purpose built factories for this, one in Newton Aycliffe, County Durham and another in Germany. INEOS, who have sites in Grangemouth, Middlesborough […]
Singletrack a fast-growing financial technology firm with offices in London and New York has opened a new base in Newcastle. Singletrack is a leading capital markets CRM and research distribution platform. Headquartered in London and with a US office in New York, Singletrack’s technology is used by investment banks and brokers around the world. Hoults […]
Verisure UK Services Limited has announced that the Quorum Business Park, North Tyneside, is the location of its new UK operating site, with a commitment to create 1,000 jobs. Verisure, has signed an 11-year lease at the 104,000 sq ft The NEON Building, which is currently being adapted to meet its needs. The company, which […]
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 […]
An abandoned waste site is to be transformed into use as a key manufacturing site after being bought by Sunderland City Council. The major regeneration scheme will see leading crane manufacturer Liebherr expanding its business into the former Alex Smiles waste site in Deptford. Liebherr Sunderland builds maritime cranes and cargo handling equipment from its […]