Tyneside windfarm software firm Kinewell has secured £1 million in investment, including funds from the North East Accelerate Fund, to create 10 new jobs and expand its AI-powered layout optimization technology for offshore wind projects.
Tyneside industrial services firm Barrier Group has secured significant backing from FW Capital and Lloyds to support its growth strategy, aiming to double turnover to £100m within five years.
Tyneside's Technology Services Group reports £41.7m turnover with 70% recurring revenue after successful management buyout and strategic acquisitions of Dayta Ltd and Computer Geeks Ltd.
