The North East is experiencing a surge in business confidence, outpacing its regional peers. Companies in the area are increasingly optimistic about the future and are looking to expand their workforce.
Hiring on the Horizon
Firms in the North East are signaling plans to increase their staff numbers over the coming year, indicating a positive outlook for the region's economy. This growth contrasts with some other areas of the UK, where economic uncertainty may be causing businesses to hesitate.
“The North East continues to demonstrate its resilience and potential for growth,” says one local business leader. “The confidence we’re seeing is a testament to the hard work and innovation happening across the region.”
Altilium Appoints New Managing Director
In other news, Altilium, an EV battery firm, has announced the appointment of David Cartwright as its new managing director. Cartwright will initially be based in Devon before relocating to the North East to oversee the company's planned Teesside facility. This facility is expected to bring further investment and jobs to the region.
North East Deals of the Week
This week's round-up of North East business deals highlights key contracts, acquisitions, and investments involving several prominent companies. Featuring in this week's list are HistoCyte Laboratories, Kani Payments, Opencast, Seriös Group, Lemon Properties, and Vrai. These deals underscore the diverse and dynamic nature of the North East business landscape.
Beyond the major deals, the North East business community is also thriving with community, awards, and charity events. Companies like Barratt Homes, Mincoffs Solicitors, Roman, and Ryze are actively involved in these initiatives, contributing to the region's vibrant social fabric.
The combination of rising business confidence, strategic investments, and a strong sense of community positions the North East for continued economic success.