Today's North East business news from Insider |
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North East
Wednesday 14 October 2020

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Insider campaign to promote and examine Freeport bids - NE

Locations across the North East are among the sites vying for Freeport status as the UK Government looks to turbo-charge post-Brexit trade. Insider is launching a campaign to back the various bids and provide an in-depth guide to the different locations, outlining what their credentials are and what the long-terms benefits to the economy will be.
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Insider Feature
Feature 1

Ask the expert: How do I pursue a buy and build strategy?

Lee Humble, associate partner at MHA Tait Walker, talks through the acquisition process.
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Deals

Bernicia secures £75m for major housebuilding plans

Ashington-headquartered housing association Bernicia has secured £75m of funding from capital markets to support its plans to build hundreds of new homes.
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Bank backing for insulation distributor

An insulation distributor has expanded with support from a seven-figure HSBC UK funding package.
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OakNorth Bank approves £1.1bn in Covid-19 support

OakNorth Bank has approved £1.1bn in new loans to support UK businesses through the Covid-19 crisis. The bank has also received additional allocation for the Coronavirus Business Interruption Loan Scheme and the Coronavirus Large Business Interruption Loan Scheme from the British Business Bank.  
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Business

CCTV firm buoyed by sales rise

A CCTV supplier based in Middlesbrough has reported a 15 per cent increase in sales in its newly-filed 2019 results. The company has also said that it has "plans in place" to deal with the Covid-19 crisis.
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PD Ports completes multimillion-pound project

PD Ports has completed a multimillion-pound refurbishment project at Teesport that will support increasing volumes of global Ro-Ro traffic.
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Tech consultancy increases headcount by 50 per cent

A Newcastle-based tech consultancy has increased its headcount by 50 per cent since the beginning of the year despite the Covid-19 pandemic.
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Morrison Data Services awarded smart meter contract

Newcastle-headquartered Morrison Data Services has been awarded a smart meter contract with renewable energy supplier So Energy.
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Turnover surges £60m at logistic giant’s UK arm

Turnover surged by more than £60m at the UK arm of a New York Stock Exchange-listed logistics giant during its latest financial year, new figures have revealed.
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Pubco giant starts redundancy talks

Redundancy talks have been started by pubco giant Mitchells & Butlers, whose brands include Miller & Carter, All Bar One and Toby Carvery.
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Property

More than 100 homes given go-ahead

A residential development aiming to provide more than 100 homes to a site in County Durham has been given the go-ahead following an appeal.
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New headquarters for Flooring Superstore

Flooring Superstore has moved to a new headquarters in County Durham as it prepares for further growth in 2021.
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Green light secured for mixed-use scheme at former bingo club

The green light has been secured for a new mixed-use scheme on the site of a former bingo club in Jarrow.
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Sirius to expand with new headquarters

Washington-based IT and communications company Sirius is moving to a new headquarters and growing its team after an increase in demand.
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Work starts on Blyth housing project

Work has started on a housing project in Blyth designed to provide almost 100 new homes.
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Carter Jonas names new chairman

National property consultancy Carter Jonas has named its new chairman.
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Manufacturing

Kromek reveals new R&D project

County Durham-headquartered Kromek, a supplier of detection technology focusing on the medical, security screening and nuclear markets, has revealed a new Innovate UK-backed R&D project to improve the techniques used during cancer surgery.
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County Durham firm secures supply deal with Japanese tech giant

A County Durham-based manufacturer has agreed a supply deal with a Japanese technology giant to support the production of a device designed to support people with diabetes.
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Results dip for chemical giant’s UK arm

Turnover and pre-tax profits at the UK arm of a chemical additives manufacturer dipped during its latest financial year, new documents have revealed.
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Other News

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Services & Guides

Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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