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Enterprise

North East deals of the week: key investments, contracts and acquisitions

This week's round-up involves companies including Eco Steam, END. and Learning Curve

Mike Guellard of NEL Fund Managers with Temur and Rachael Kuronbeov of Ecosteam(Image: Footprints PR/NEL)

Sustainable cleaning business Eco Steam is targeting growth and job creation after receiving a five-figure investment from the North East Small Loan Fund.

The firm, which is based in Newcastle, provides cleaning and sanitation services to domestic and commercial clients using environmentally friendly cleaning products that don’t contain bleach, ammonia or harmful waste chemicals.

The company was founded after married couple Rachael and Temur Kuronbeov noticed that Temur’s allergies flared up due to the dust in carpets and soft furnishings in the º£½ÇÊÓÆµ. They identified a gap in the North East market for a greener cleaning business and Eco Steam now has a client base that includes The Centre For Life and Northumbrian Water.

The couple have received a £50,000 Small Loan Fund investment through regional fund management firm NEL Fund Managers, which they will use to enhance the firm’s business development and marketing activity.

A subsidiary of North East training group Learning Curve has invested in a new academy in Newcastle to train young people seeking careers in the Armed Forces and uniformed services.

National training provider, MPCT, is opening a new academy in Newcastle(Image: Learning Curve)

MPCT, which was acquired by County Durham’s Learning Curve Group last year, is launching the new facility at the Army Reserve Centre in Walker with open sessions on Thursday. Places on the course – which are free, thanks to Government funding – are designed to give young people the experience of learning in a real-life military environment. The courses aim to pass on useful military skills, knowledge and fitness which will prepare young people for military applications.

Brian Edwards, executive director of military academies at Learning Curve Group, said: “I am delighted to be opening a brand new MPCT academy in Newcastle to support young people across the region gain the skills and experience they need to move into a successful career in the Armed Forces and uniformed services.

The owner and operator of Port of Middlesbrough acquired dry bulk business Cobra Middlesbrough as part of its strategic investment and expansion plans.