A Wallsend company has announced plans to move onto a new site which could create 30 additional jobs.
International coatings specialist Barrier Group has submitted plans for a 2,720sq m facility on a two-acre site in Hadrian Way, close to its existing operation on the banks of the river Tyne.
The £1.8m investment is being supported by a £164,000 Regional Growth Fund grant secured through the Let’s Grow programme BE Group and UNW LLP.
Subject to securing planning permission, Barrier plans to start construction this year and begin operations in late spring of 2015.
Robert Bowles, chairman of Barrier Group, said: “Investing in this new facility is a clear demonstration of our confidence in the future growth of the business and the buoyancy of the offshore industries.
“I am really pleased that we are able to remain in Wallsend as we have enjoyed a successful 40-year history in the area.
“Our new premises will mark an exciting new chapter for the business and enable us to further build our position in the offshore market.”
He added: “North Sea oil and gas is seeing a considerable level of investment, which will provide considerable opportunities for companies like Barrier.
“In addition we are gaining a presence in the offshore wind market through our new rubber coatings products, which also has potential for the future.”
The new facility will feature a production hall with an attached office suite.
Already employing in the region of 250 at its existing operation at Willington Quay and on client sites across the UK and abroad, the new facility will provide the company with further room to grow both in terms of size of projects and staff numbers.
More recently the company has expanded its operations beyond the oil sector and the group now carries out passive fire protection, metal spraying, powder coating, architectural & insulation, and scaffolding across the offshore oil and gas, nuclear, marine and offshore renewable energy sectors.