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£15 Million funding pilot for SME’s in the North-East

The Tees Valley has been chosen as one of just two locations to pilot a new initiative to build on local innovation strengths – with an initial £15million investment available to support businesses. Part of UK Research and Innovation, Innovate UK’s Launchpad pilot will invite small and medium enterprises (SMEs) to apply for competitive grants […]

Posted by: Nathan Spencer

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£745m business case published for North-East metro extension

Cross-party North East politicians and regional business leaders have come together to call upon the Government to invest in North East infrastructure by supporting the re-development of a new Metro extension in the region. The move comes as Transport North East publishes the first step in production of a Business Case, for approval by the […]

Posted by: Nathan Spencer

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ADG submits plans for Peterlee retail centre

Yorkshire-based Almscliffe-Dhesi Group (ADG) has submitted plans to Durham County Council for a new centre on the former Vauxhall Car dealership site off Passfield Way, in a move it says would create up to 100 full and part-time jobs. High-profile tenants already signed up for the 13,027sqft sq ft development include national retailers Sainsbury’s, Tanning […]

Posted by: Nathan Spencer

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Almscliffe-Dhesi completes significant property deal in Middlesbrough

Yorkshire-based Almscliffe-Dhesi Developments Ltd has completed a significant property deal by the A66 in Middlesbrough. The flourishing property company, part of the Almscliffe-Dhesi Group, is converting a brownfield site by the SG Petch dealership into a brand-new drive-thru’ roadside location. The 6,200 sq ft development, which has received planning approval, comprises three stand-alone units which […]

Posted by: Nathan Spencer

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Blackpool Pride of Place Partnership calls on Government to further its mission to ‘Level Up’ Blackpool’s economy by £1bn

The Blackpool Pride of Place Partnership has today released the latest edition of its Blackpool Town Prospectus aimed at responding to the current and future needs of the local community, and building on the Government’s levelling-up agenda. The Prospectus, titled “An Agenda For Action 2030” is a long-term strategic vision for Blackpool, positioning the area […]

Posted by: Nathan Spencer

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BP to build 1GW hydrogen production plant on Teesside

BP today unveiled its plans to create what it believes would be the UK’s largest “blue” hydrogen production facility in the Tees Valley. A feasibility study is currently taking place into H2Teesside, which is due to begin production in 2027 and is targeting 1GW of hydrogen production by 2030. It would be integrated with the […]

Posted by: Mark Flanagan

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Fiera Real Estate disposes of retail asset to Aldi for £5.5m

Fiera Real Estate UK (“FRE UK”) is pleased to announce the sale of West Denton Retail Park in Newcastle on behalf of Fiera Real Estate Long Income Fund UK (“FRELIF”) to Aldi for £5.5m. The asset is situated three miles north-west from Newcastle city centre, just off the A1 and offers excellent road connections for […]

Posted by: Nathan Spencer

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Global tech firm invest in £350m transformational project that will bring a world stage to the North East

North East born tech firm, Sage, who are global leaders in accounting, financial, HR and payroll technology for small and mid-sized businesses, have recently invested £10m into a community-focused, international venue for world class business and entertainment.  As official naming partners this reinforces their commitment to the region as they look to support businesses by unlocking access […]

Posted by: Nathan Spencer

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Gresham House invests £164m in Borderlink Broadband

Gresham House’s British Sustainable Infrastructure Fund (BSIF) has invested £164m (€191m) in fibre broadband provider Borderlink Broadband. Gresham House said the investment is being made via its BSIF I and BSIF II funds. Borderlink, trading as rural broadband provider GoFibre, serves residential and business customers across Scotland, Cumbria and Northumberland. BSIF’s £164m funding, together with […]

Posted by: Nathan Spencer

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