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NEL to use fund to help companies

THE total value of investments being sought by North East firms from the new £20m Growth Fund has exceeded the value of the fund less than six months after it was launched.Read

Preforma Limited wins £200,000 backing for rails

A TYNESIDE manufacturing business has become the first to benefit from a new investment fund and has landed £200,000 to develop a guard rail system.Read

Go Global

SMD deal set to secure workforce

SUBSEA exploration company SMD has landed a £40m contract which will help it achieve its target of £100m of annual sales by 2011.Read

Harley Street beckons for Dr Fatemeh Sajadinia

NEWCASTLE back specialist Dr Fatemeh Sajadinia is opening a clinic in the country's most exclusive home for private medical practices - Harley Street.Read

MPC member tells of 'sleepless nights'

WORRIES over a double-dip recession caused by savage belt-tightening across major economies have given Bank of England rate-setter Adam Posen sleepless nights.Read

Drug company shares rocket

PHARMACEUTICALS giant AstraZeneca saw its shares rocket yesterday after it won a three-year battle over its Crestor cholesterol drug which will keep rivals at bay in the US until 2016.Read

HMV hits the right note after a strategy change

RETAILER HMV has said its "three pillar" strategy of new products, live music and reviving the Waterstone's book chain was showing early signs of success after an 18% rise in profits.Read

Getting town up to broadband speed

STOKESLEY businesses are set to get an ultra high-speed broadband network after fierce complaints that connectivity was too slow and unreliable.Read

Tees Vantis buy-out secures 70 jobs

THE future of around 70 workers has been secured following a management buy-out of the three Tees Valley operations of accountancy firm Vantis, which went into administration on Tuesday.Read

PD Ports

250 jobs to come with £29m Teesport expansion

AROUND 250 jobs will be created in the first phase of plans for a £29m expansion of the North East’s biggest port.Read

Aesica

Aesica eyes expansion in both US and Europe

FAST-growing pharmaceuticals company Aesica has made its third acquisition in four years and says it is eyeing more takeover targets in Europe and the US.Read

A Northgate rental van

Darlington firm Northgate drives back into profit

VAN hire giant Northgate is back in profit after restructuring and refinancing of the business.Read

Insolvency firm Vantis is in administration

THE future of around 75 jobs at accountants and insolvency practitioners Vantis were in doubt this morning after the firm itself fell into administration.Read

Fears of North-east economy's double loss

THE coalition Government was last night accused of dealing the North-east economy a double blow by clawing back regeneration cash and snatching powers from the region.Read

Belgian firm VDW to appeal £5m order

THE Pensions Regulator has ordered a Belgian company to stump up £5m after it found it had put a Gateshead subsidiary into pre-pack administration to avoid its existing pension liabilities.Read

IT entrepreneurs form a posse to foil web cowboys

TWO Teesside-based IT entrepreneurs are aiming to stamp out cowboy web developers and boost business for legitimate practioners.Read

Northumberland wigwam village gets funding

A POPULAR Northumberland wigwam village is preparing to expand to cope with growing tourist demand.Read

BemroseBooth workers anger at management

WORKERS who got their marching orders from BemroseBooth, the struggling print firm that was put into administration on Monday, have blasted management.Read

North East Chamber of Commerce in Government plea

THE head of a leading North-East business group has urged the Government to keep private business at the heart of its agenda if it is to avoid a 'double dip' recession as a result of its cuts in the public sector.Read

Immunodiagnostic Systems makes USA breakthrough

A NORTH EAST drugs company's plans to see sales rise to £100m within five years have been boosted after it got the green light to sell its most popular product in the US.Read

e-Therapeutics fast to get products on sale soon

NORTH East pharmaceuticals company e-Therapeutics is aiming to have its first drugs on the market within the next two years.Read