Tag: Investment
Global aerospace and security company, Lockheed Martin, has announced a collaboration with Northumbria University that includes a £630,000 investment to support the development of skills, research and technology across the region. Space and solar physics research is an area of excellence at Northumbria University and the University has invested heavily in recent years in world class facilities […]
Rolls-Royce SMR has announced a list of potential locations for its first factory. This is the first of three factories and will manufacture the ‘heavy vessels’ for its Small Modular Reactor (SMR) power station. This is the largest and most complex facility, therefore, it is important to take decisions early to enable its deployment. Once […]
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 […]