Wednesday 27 April 2022

Newcastle-based engineering group British Engines has reported a return to profit as it celebrates 100 years since being established.
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North Shields-headquartered emerchantpay was founded in 2002 and has 17 offices worldwide. It specialises in online, mobile and point-of-sale payment services to help businesses optimise payment flow. The company has been at the forefront of the evolving payment industry, developing innovative solutions such as eWallet services. Insider's Philip Cunliffe spoke to chairman and chief executive, Jonas Reynisson, to learn more.
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The North East Fund, which has raised more than £220m for North East SMEs, has revealed plans to invest a further £40m in at least 150 more companies over the next two years.
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Starling Bank has completed an internal fundraise of £130.5m at a pre-money valuation of more than £2.5bn.
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Work has begun on a job-creating £4.5m speculative development at Tyne Tunnel Trading Estate, following a six-figure funding boost.
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Construction and property consultancy Summers-Inman has been appointed at Middlesbrough College to the £10m engineering facility which will support Teesside in its green energy aims.
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A high-end holiday development with four energy efficient huts and cabins has launched in Northumberland.
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Plans look set to move forward for a residential scheme in a County Durham village.
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Profits at County Durham-headquartered The Banks Group fell in 2021 as it phased out its coal mining operations, but the company is optimistic that earnings from its property and renewables businesses will show significant improvements in the coming year.
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IT managed service and cyber security providers Aspire Technology Solutions has secured a contract to provide the former head office of Newcastle Building Society with ultrafast internet connectivity.
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Newcastle-based chartered accountancy and business advisory firm UNW has appointed a senior manager to its employment taxes team.
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The North West and North East have the fastest growing R&D jobs markets in the UK, according to analysis by innovation funding specialist Catax. 
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WH Smith has enjoyed a strong rebound in half-year profitability, with a recovery from the challenges brought about by the pandemic "well underway".
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Blaydon-headquartered manufacturer Sure Purity has told Insider of its plans to cement its position in international markets, following its Queen's Award win.
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