Tag: Investment
The North East Fund has invested £20m and leveraged £23m more in its first twelve months, helping more than 125 SMEs located throughout the region to grow their businesses and create new jobs. Marking its first anniversary, the £120m regional funding programme has delivered significant investments in a range of ground-breaking and innovative projects including […]
North East-based, Connected Energy, a world-leading innovator of site-integrated energy storage solutions, has secured a £5 million investment to realise ambitious growth plans on a global stage. The significant investment, made by Sumitomo Corporation, ENGIE and Macquarie Group, will provide the Newcastle company with a platform to deliver its next phase of international growth having […]
Vivarail, the manufacturer of eco-friendly passenger trains, has accelerated expansion of its site in County Durham and turned it into its national research and development centre, creating new jobs faster than expected. It opened the new plant at the Spectrum Business Park, Seaham, in December 2017 to complement its main site at Long Marston, near […]
Work has begun on expanding Osbit’s Northumberland-based headquarters to accommodate the company’s rapidly expanding workforce and facilitate an increase in demand for its engineering expertise in the offshore renewables and oil & gas markets. This comes after the award of grant funding from a programme designed to accelerate business growth and stimulate employment in rural […]
A new offshore engineering company is the latest tenant to move into Blyth Workspace to accommodate the increase in demand for its engineering expertise in the offshore renewables and oil & gas markets. A Squared Engineering is an offshore engineering consultancy. The company provide specialist engineering and technical services to the offshore energy, commercial marine […]
PLANS to establish a transformational advanced manufacturing innovation facility at the heart of the £400m International Advanced Manufacturing Park (IAMP) have received a major boost today (Thursday 21 March). The announcement is a green light from UK Research and Innovation (UKRI) for the consortium behind the Centre for Sustainable Advanced Manufacturing (CeSAM) to bid for […]
Our latest blog by Inward Investment Manager, David Pattison, looks at how industry is embracing immersive technologies I always find it fascinating how quickly new technologies become commonplace in our lives. We’ve gone from turning the pages of a magazine to swiping on a tablet and buying CDs to streaming music online. The pace at […]
Advance Northumberland have reached a significant milestone in the redevelopment of the former Blyth Power Station Enterprise Zone in Blyth. The contract to undertake the ground works and dock extension has been awarded to Farrans Building and Civil Engineering, following a competitive tender process. Since acquiring the site Advance Northumberland have made significant progress over […]