Thousands of homes set to be created in major development

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Today's North East business news from Insider |

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North East

Thursday 10 March 2022

LATEST NEWS

TOP STORY

Thousands of homes set to be created in major development

Plans for a major mixed-use development in Hartlepool which would create more than 1,000 homes alongside a primary school, medical centre and retail units look set to be green lit.
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INSIDER FEATURE

Ask the Expert: Management are key to a successful MBO

Steve Plaskitt, a partner at MHA Tait Walker Corporate Finance, looks at the importance of "Management, Management Management" to a successful MBO.
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DEALS

Manufacturer to exit CVA following investment

A Stockton-on-Tees-based manufacturer has secured a majority equity investment from Oxygen Partners, allowing it to exit its company voluntary arrangement (CVA).
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Gaming start-up gets funding boost

An online tech start-up which connects fans with celebrities through gaming has secured a six-figure pre-seed investment in a deal advised by Swinburne Maddison.
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Mercia raises £40m through Northern VCTs

Mercia Asset Management has raised £40m though its three Northern Venture Capital Trusts.
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ITV makes first media for equity investment of 2022

ITV is investing in a partnership with new car marketplace carwow, in return for advertising inventory across ITV's channels and the ITV Hub.
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PROPERTY

Private investors sought for life-sciences expansion

Private sector investment is being sought to lead expansion into the North East's £1.7bn life science eco-system.
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“Ground-breaking” green hydrogen centre to be developed in Redcar

EDF Renewables UK and Hynamics have revealed plans to create a green hydrogen production centre in the vicinity of the former Redcar steelworks.
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Panther Logistics expands warehouse space after rapid growth

Panther Logistics has tripled its warehouse space in County Durham following rapid growth as it edges towards turnover of £100m.
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£3m Lookers redevelopment nears completion

Work is nearing completion on the £3m redevelopment and transformation of Lookers' Newport Road Volkswagen dealership.
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BUSINESS

Residential projects drive growth for engineering firm

Newcastle-based engineering company RWO has won new work to support the development of dozens of new affordable homes in County Durham.
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Infostretch partners with Sunderland College

Global technology company Infostretch has welcomed its first intake of T-Level students in partnership with Sunderland College.
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Losses cut at National Express

The chief executive of National Express has hailed his team for their performance during a financial year in which revenue surged and pre-tax losses were cut. The transport business also noted the recommended counter-offer for Stagecoach and said it is "considering its options".
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