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North East
Wednesday 15 July 2020

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Top Story

Insurance tech platform launches new crowdfunding drive

A Durham-based insurance technology platform has launched a further crowdfunding drive as part of a £2.25m capital investment raise.
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Insider Feature
Feature 1

Ask the expert: The best ways to pay off debt following the pandemic

Steve Plaskitt, partner at MHA Tait Walker, shares his expertise on the best ways to pay off debt following the pandemic.
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Deals

Cavu advises on infection prevention business deal

Newcastle-based Cavu Corporate Finance has advised HIG Capital and its portfolio business Vernacare on the carve-out of the infection prevention business from Kester Capital-backed Frontier Medical Group.
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More than 1.1m firms supported by government-backed schemes

Lenders have approved £46.3bn to more than 1.1 million businesses so far through the three major UK government-backed lending schemes, according to new figures.
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Virgin Atlantic reaches milestone on £1.2bn recapitalisation plan

Virgin Atlantic has reached a milestone on a £1.2bn recapitalisation as the airline and holiday business positions itself for a post-Covid future.
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Business

Northumbrian Water makes £9.5m investment

Northumbrian Water has made a £9.5m investment to enable it to use the gas generated from the sewage it treats on Teesside to help power one of its largest sites.
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Burberry “encouraged” despite drop in sales

Burberry has recorded a further drop in sales in the first quarter of the financial year but the luxury fashion brand said it was "encouraged by the improving trends in all regions".
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Property

Interiors specialist acquires prominent building

An interiors specialist has acquired a prominent building on a Northumberland industrial estate to support expansion plans.
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Grainger agrees £37m PRS deal

Newcastle-headquartered residential landlord Grainger has agreed to forward fund and acquire a 98-home private rented sector (PRS) scheme in Surrey in a deal worth about £37m.
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Construction firm predicts turnover dip as start dates move to 2021

A Staffordshire construction business, which has recently become employee owned, has predicted that its turnover will decrease to £30m during 2020 after a number of start dates were pushed into 2021.
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Battery storage planning legislations to be relaxed

Planning legislations are set to be relaxed in a bid to make it easier to construct large batteries to store renewable energy from solar and wind farms across the UK.
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Manufacturing

Made in the North East Awards open for entries

Insider's annual celebration of the region's manufacturing sector, the Made in the North East Awards, is now open for entries.
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