Tag: Investment
Thousands of jobs are set to be unlocked as a powerhouse coalition including British AI firm Nscale, local universities and leading skills providers join forces to supercharge planning, new opportunities and the build of the North East’s new AI Growth Zone. With new roles expected including in construction through to energy to cutting-edge AI – the new taskforce will work hand-in-hand […]
Nscale, the UK-headquartered AI infrastructure provider, is today announcing a historic commitment to the UK AI sector with a range of leading US technology companies, including Microsoft, NVIDIA and OpenAI. Today’s package comes alongside the UK-US Technology Partnership, demonstrating how the two countries can build our AI capability together. Nscale and Microsoft are today announcing […]
An AI Growth Zone for the North East is set to unlock more than 5,000 new jobs in the years to come and bring in £30 billion in investment as the region becomes a hub for AI development. North East Mayor Kim McGuinness said securing the new deal would see the benefits of AI reach […]
£150 million Port of Tyne upgrade will add 400 metres of deep-water quayside, potentially creating 12,000 jobs and boosting the economy by £5.6 billion. The Port of Tyne has launched to the market a 230-acre redevelopment project with new deep-water quayside, a move which could generate thousands of jobs in offshore wind and manufacturing. The […]
Osbit Ltd, an offshore wind engineering company, has opened a significant new Assembly and Service Facility at the Port of Blyth in the UK. This development has created 33 skilled jobs for the region and represents a substantial investment in the North East’s clean energy economy. The new 3350 square metre facility, located at the […]
The North East is set to become the UK’s digital content creation capital following the announcement of a first-of-its-kind BBC Digital Accelerator programme, exclusively partnering with North East Screen to fast-track the region’s independent producers into the global digital marketplace. The pioneering initiative, announced at Edinburgh TV Festival, will up to four indepdent North East […]
Today (Tuesday 20th May 2025) North East England’s Mayor Kim McGuinness has unveiled £14 billion of investment opportunities with the launch of the first North East Investment Prospectus. The prospectus details a portfolio of investment opportunities across the region aimed at attracting developers from across the globe, showcasing North East England’s credentials in offshore and […]
Whitecap Consulting, the regional strategy consultancy, has announced an ambitious new project to develop the inaugural North of England FinTech Report, mapping every FinTech firm and summarising key activity across the region. The UK’s FinTech sector continues to be a major area of focus in the economy, with FinTech firms contributing an estimated £8.3bn of […]