Inward investment update

The last few months have seen encouraging levels of inward investment into the city continue, as well as expansion of existing businesses.

National multidisciplinary development consultancy Pegasus Group continued its expansion with the opening of a new regional office in Newcastle. Based at The Corner on Mosley Street, the office is a recently refurbished Grade II Listed Building right in the heart of the city.

Pegasus Group is recognised as one of the leading independent, national planning, design and environmental consultancies. With more than 300 skilled and experienced staff operating from 13 offices across the UK, the company’s services span the entire project process from site finding, acquisition and planning through to design and delivery, specialising in planning, design, environment, economics and heritage.

Another company that has landed in Newcastle is currency conversion specialists XE. The company supports businesses in the region to protect their bottom line from the impact of currency fluctuations. In the lead up to Brexit and ongoing market uncertainty, managing company FX risk now more crucial than ever before.

Grant Murray, who has over 20 years’ experience in financial markets in the North of England and overseas, has joined the XE Business Solutions team and will be based in Newcastle.

Two leading names in North East property have also joined forces to create the region’s largest independent commercial property firm. Naylors and Gavin Black & Partners have combined to form Naylors Gavin Black LLP, employing a total of 38 staff.  

Gavin Black, Chris Pearson and Martyn Collins of Gavin Black & Partners will be joining forces with Angus White, Fergus Laird, Keith Stewart and Chris Donabie of Naylors, as equity partners in the new firm.