Newspaper article The Journal (Newcastle, England)

Supporting Act for New Businesses; Business Support Organisations

Newspaper article The Journal (Newcastle, England)

Supporting Act for New Businesses; Business Support Organisations

Article excerpt

TYNE and Wear is proving to be a huge pull for growing businesses.

Technology firm nano-porous solutions Ltd (n-psl) is one in a long list of companies to take advantage of the excellent support available to growing businesses in the area.

The area continues to prove an attractive destination for investors, boasting many world-class developments - from industrial centres of excellence to leading-edge business parks, not to mention a strong infrastructure and great transport links.

Crucially, for companies choosing to locate here, this is underpinned by first-class business support and advice.

Courtesy of the Tyne and Wear Development Company, businesses have access to a wide range of support services from one consistent point of contact.

The agency was set up in 1986 and has helped many companies on the road to success.

Increasingly, this is supporting local investors and emerging businesses in sectors such as technology, ICT and engineering.

Technology firm n-psl was able to tap into assistance when investing in new premises.

Tyne and Wear Development supported n-psl throughout the expansion, advising on property opportunities, sources of funding and other key business services. The manufacturer has recently moved into a new 10,000sqft property at the Team Valley.

It is looking to continue the commercialisation of its innovative filtration technology, which has the potential to cut manufacturers' carbon footprints by halving energy consumption.

The move will pave the way for n-psl to scale-up trials of its innovative system and it is hoping to double its workforce to 20 over the next 12 months.

Managing director Colin Billiett said: "Investing in new premises is a big step towards commercialisation and gives us space for growth.

"Input from the Tyne and Wear Development Company was helpful in getting the investment off the ground. …

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