Gateshead Energy Firm Becomes Employee Owned
Thrift Energy Group transitions to employee ownership, eyeing growth from Government's £15bn Warm Homes Plan while tackling fuel poverty in North East.
Thrift Energy Group transitions to employee ownership, eyeing growth from Government's £15bn Warm Homes Plan while tackling fuel poverty in North East.
The Department for Work and Pensions will terminate all Household Support Fund payments from March 31, with Gateshead Council warning of the change to a new Crisis Resilience Fund.
A seven-figure investment from the Northern Powerhouse Investment Fund II has enabled a management buyout at Gateshead IT firm Advantex, securing 70 jobs and driving recruitment. Read more about this regional growth story.
Gateshead's NEL Fund Managers celebrates a record 2025, backing 34 regional SMEs from EV charging to IT. Discover how NPIF II funding is driving growth and jobs across the North East.
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RecommendedNorth East IT firm Aspire Technology Solutions secures fresh investment, valuing the business at around £200m. Funding from LDC and Federated Hermes to fuel expansion and a £100m revenue target by 2030.
Metrocentre Partnership reveals plans for The Crescent, a new independent retail destination following a £70m refinance deal. Transformation begins early 2026.