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North East
Wednesday 1 July 2020

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Top Story

Electric component maker plans new factory

A Northumberland company that makes components for electric vehicles is drawing up plans to move to a bigger factory and recruit hundreds of staff to meet increasing demand for its products.
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Insider Feature
Feature 1

Business Matters: Ambition will position North East firms for growth

Gareth Marshall, head of Newcastle at LDC, looks at how North East businesses will find opportunities to grow.
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Deals

Animmersion secures Innovate UK funding

Middlesbrough-based visualisation and immersive technology company Animmersion has secured funding from Innovate UK to support the development of its immersive event technology.
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Maritime insurance firms complete merger

The final step in a merger between two North East maritime insurance firms has completed.
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Window and door manufacturer acquisition saves 800 jobs

European private equity fund Nimbus and MidCap Financial have acquired a window and door manufacturer out of administration, safeguarding more than 800 jobs.
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Northern Powerhouse ‘remains active’ among PE deals

The Northern Powerhouse regions have continued to remain active in the private equity market in the first half of 2020, according to new data, despite the impacts of the global pandemic
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Lenders pass one million backed firms

Lenders have approved £42.9bn to more than one million businesses so far through the three major UK Government-backed lending schemes, according to new figures.
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Business

E.ON to upgrade hundreds of Newcastle homes to low carbon heating

Energy efficient heat pumps are set to be installed in homes across Newcastle under a new scheme launched by the Department for Business, Energy and Industrial Strategy (BEIS) and E.ON.
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Administrators appointed at furniture brands group

The group of companies behind two well-known furniture retail brands has called in administrators, with a deal agreed for part of the business saving about 1,900 jobs.
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Cineworld delays cinema reopening

Cineworld has pushed back the reopening of its UK cinemas to the end of the month.
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Property

Georgian stately home conversion approved

Plans to convert a Georgian stately home into apartments have been given the go-ahead.
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Developer welcomes return of Newcastle Airport flights

The developer of AirView Park has welcomed the return of flights from Newcastle International Airport as it seeks to attract new national and international businesses.
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