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Hitachi in Aycliffe brings jobs and £110m investment - Vimarsana News

Hitachi in Aycliffe brings jobs and £110m investment

Apprentice welder Callum Crowe working on a train shell at the Weld Workshop, Hitachi Rail, Newton Aycliffe A TRAIN builder's investment at its County Durham factory – which now totals £110million – sees new facilities completed, allowing welding and painting to start on brand new UK passenger trains. New welding and painting facilities will be used to build the next generation of intercity trains for East Midlands Railway and Avanti West Coast at Hitachi, in Newton Aycliffe. Around 40 staff and newly graduated welders and painters will be completing the high-tech aluminium carriag...

Business Durham invests over £1 million in local firms in 2020 - Vimarsana News

Business Durham invests over £1 million in local firms in 2020

Sarah Slaven and Councillor Kark Marshall THE Finance Durham Fund has invested over £1 million in five businesses to grow in or move to County Durham over the last twelve months. Established by Durham County Council in 2017, Finance Durham is a £20m investment fund overseen by Business Durham and managed by Maven Capital Partners, to help businesses to accelerate growth in the county. The fund provides debt and equity funding to support businesses of all sizes from a variety of sectors, and is aimed at companies looking to scale up, create jobs and add economic prosperity in County D...