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North East
Monday 27 July 2020

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North East deal volumes fall in first half of 2020

Deal volumes have fallen by more than a third in the North East in the first half of 2020, according to a report from Experian Market IQ. The region's most active legal and financial advisers during the period have also been revealed.
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Insider Feature
Feature 1

Ask the expert: New Corporate Insolvency and Governance act brings hope for rescue of distressed businesses

The Corporate Insolvency and Governance Act, which includes the biggest changes to the restructuring and insolvency framework in a generation, has recently been introduced as part of the government’s response to the Covid-19 pandemic. Neil Harrold from Hay & Kilner LLP offers his advice on this new act.
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Deals

Life sciences firm secures funding to support Covid-19 vaccine production

A Newcastle-based life science business has been awarded funding by Innovate UK to support the production of a Covid-19 vaccine.
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Sunderland AFC bidder ‘enters period of exclusivity’

The owner of Sunderland AFC is understood to have entered a period of exclusivity with a potential buyer.
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SSI Group snapped up by Remote Medical International

Health and safety services specialist Remote Medical International has completed the acquisition of SSI Group.
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Mercia offering CBILS-backed NPIF loans

Mercia is now offering loans of up to £750,000 through the Northern Powerhouse Investment Fund (NPIF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Leaders call for further infrastructure investment

Leaders have welcomed the £600m investment and new council announced to support rail improvements across the North, but said more needed to be done to "level up" the North.
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Property

Councils join forces on £2.1bn energy from waste project

Councils across the North East have joined forces on a £2.1bn energy from waste project that could support hundreds of jobs during construction.
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Work underway on housing at disused reservoir

Construction work has started on a new housing development on a disused reservoir in North Shields.
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Sunderland projects provide £12.4m boost

Seven Sunderland regeneration projects have provided a £12.4m boost the the city's economy since the start of work, according to figures from contractor Esh Construction.
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June increase in construction contract awards - report

The number of construction contract awards increased in June 2020 despite a dip in the total value, according to a new report.
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Manufacturing

Seven Bro7hers to expand after crowdfunding success

Seven Bro7hers has comfortably overfunded its £200,000 campaign as it looks to expand its presence by opening four UK sites.
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