North East to host UK-first pilot exploring the business case for employee wellbeing

Weir Insurance, a North East-based firm, has partnered with London consultancy AstralMandala to trial a new model that aims to demonstrate how investing in employee wellbeing can deliver measurable business performance improvements. The pilot, the first of its kind in the UK, will embed AstralMandala’s “Mandala42” framework across the workforce at Weir Insurance. The project will track the...

Car finance company expands in the North East

CarMoney, the fast-growing automotive finance broker, has appointed Kevin Forster as regional sales manager for the North East, improving support for car dealers across the region. Kevin will oversee activities throughout Newcastle, Gateshead, Sunderland, Hartlepool, Darlington, Middlesbrough, and Northumberland in his new role. His primary focus will be helping dealers by providing flexible...

NEL Fund Managers reports record quarter

North East investment company NEL Fund Managers has achieved a record-breaking quarter, securing its largest deal to date alongside a series of strategic investments across diverse sectors and locations. Spanning from Northumberland to Tees Valley, the fund manager has delivered key investments through NPIF II - NEL Smaller Loans Fund and NPIF II – NEL Debt Finance Fund which are both managed by...

NPIF II – NEL Smaller Loans makes five-figure investment in workplace wellbeing app

NPIF II – NEL Smaller Loans has announced a five-figure investment in a leading Teesside-based workplace wellbeing Software-as-a-Service (SaaS) platform and app focused on revolutionising mental health support for employees across the UK. The loan, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II), has supported Middlesbrough's OptiMe to unlock...

Remuneration strategy planning ‘key to £25 billion employers’ tax hit’

Local businesses concerned about the new 15% employers’ national insurance contributions (NIC) rate only have four working weeks left in which to reduce the impact of the higher rate. They can do that by embracing non-salary alternatives that reduce costs whilst continuing to provide employees with attractive remuneration packages, a leading employment tax specialist in the North East has said....