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Engineering

Nissan grows STEM skills initiative to inspire young people
Honda
The car maker's Skills Foundation, which launched in 2015, will double its work to reach around 16,000 children a year in the region with a focus on manufacturing, engineering and technology
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Graphene firm could cease to be able to pay debts by May without more funding
Company Results
Versarien said it was in 'advanced discussions' with a third party regarding an equity raise
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New lease of life for vacant former Smith's dockyards as North East firm expands on site
Maritime
º£½ÇÊÓƵ Docks says 12 jobs have already been created by the move - with the promise of more to come
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Spirax Group reports fall in full-year profits amid restructure
Company Results
The Gloucestershire-headquartered company said the global macroeconomic environment remained 'highly uncertain'
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New £6.5m North Tyneside industrial scheme set for market
property news
The huge L7 scheme by º£½ÇÊÓƵ Land Estates has been created to fill a gap for vacant, high-quality industrial space within the region
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Uber-backed AI startup that could rival Tesla takes on Europe's largest car market
By City AM
Wayve, a startup that develops self-driving car technology, is to open a new hub in Germany as it looks to expand internationally, taking on the likes of Tesla and Waymo
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Versarien completes sale of South Korean factory for more than £600k
Deals
The deal was meant to close last July but the buyer asked for an extension on the terms
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Siemens Energy boss tells MPs we must 'stick with the plan' on º£½ÇÊÓƵ's transition to clean energy
Energy
Darren Davidson, who is Newcastle born and started his career in the city as an apprentice, highlighted the success of the firm's Hull wind turbine blade factory
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Dyer Engineering sets our job creation hopes following recent growth
Engineering
The 182-strong County Durham firm has made a number of changes at the top, including the appointment of Adam Leggett as managing director
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Rolls-Royce shares could rocket 50% after stellar two-year rally, analysts claim
By City AM
Shares in the British engineering giant have risen more than 100 per cent over the past 12 months, helped by a surge in demand for its jet engines and defence technology
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Rolls-Royce shares skyrocket as iconic company brings back dividends
By City AM
The FTSE 100 engineering giant on Thursday proposed a 6p per share dividend for investors in what marks its first payout since before the pandemic
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Visualsoft job losses made in year of transformation following profit fall
Creative & Digital
The firm, which has bases in Newcastle, Manchester and Stockton-on-Tees said its recent accounts year was 'one of significant transformation'
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Bristol office block welcomes first tenants after £13m refurb
Offices
3 Rivergate is located near to Temple Meads station in the city centre
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North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include Barbour, JK Lifting, Simply Certification, Vielo Sports and Petards
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Major manufacturer Olympus Global to create new jobs through plans for £2m North East base
property news
The County Durham warehouse would become the company's fifth, alongside its head office in the Midlands and bases in Spain and Hungary
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Gooch & Housego warns of price rises in response to Trump's proposed tariffs
Exports
The London-listed components business said it was also 'alert' to supply chain disruption from China
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North East’s net zero economy grows 10% in a year, new report from CBI shows
Climate Agenda
The survey suggests the North East is not being left behind when it comes to economic opportunities presented by drive towards net zero
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Major battery skills academy launched in Durham to train gigafactory workers
Skills and Apprenticeships
The National Battery Training & Skills Academy has been launched at New College Durham and will initially support AESC at its North East plants
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Major railway station could get 300 extra trains a week thanks to £1.75 billion project
South West
Cheltenham Spa set to benefit from the Midlands Rail Hub project
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North East life sciences experiencing a wave of optimism - but there are challenges to overcome
Chamber of Commerce
The first of what is hoped to be an annual study of the region's sector is positive but lack of funding, laboratory space and big changes with the US trading relationship pose difficulties for firms
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North East business life: community, charity and award events of the week
People
Companies featuring in this week's round-up include Banks Group, Barratt and David Wilson Homes North East, Knights, º£½ÇÊÓƵ Docks Marine Services and TT2
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New 16-storey tower blocks with rooftop running track signed off as councillors hope scheme will help 'reduce brain drain'
North West
Developer says around 370 jobs would be created through the design, build and operation of the scheme
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Go ahead for new £1.25bn electric arc furnace at Port Talbot
Swansea Bay City Region
The development could begin by the summer of 2025 and follows the decision to shut down the blast furnaces with the loss of thousands of jobs
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Historic building in Newcastle signs up three tenants after £1.5m transformation
property news
The former Cafe Royale building will soon welcome Mowgli Street Food alongside two other tenants in upper floor offices
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