An international coatings specialist based in Wallsend has announced plans to build a new factory and office building as part of a £1.8m investment.
Barrier Group is submitting plans for a 2,720 square metre facility on a two acre site on Hadrian Way, near its existing operation on the banks of the River Tyne.
The expansion is being supported by a £164,000 Regional Growth Fund grant secured through the Journal and Evening Gazette’s Let’s Grow programme, backed by BE Group and UNW LLP.
It is expected the move will create 30 new jobs within the business, which already employs around 250 people.
Formed in 1975 to carry out painting of structures to be installed as part of the growing North Sea oil industry, Barrier has gone on to complete more than 200 major contracts, and now works across the offshore oil and gas, nuclear, marine and offshore renewable energy sectors.
Subject to securing planning permission, the firm - which worked with a consultant from North Tyneside Council on its application - is hoping construction will begin this year, with the site becoming operational in late spring of 2015.
The new facility will feature a 68m x 40m production hall, including four overhead cranes with maximum tandem lift capacity of 40 tonnes, along with an attached office suite.
Chairman of Barrier Group Robert Bowles 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.
“North Sea oil & 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.
“I am really pleased that we are able to remain in Wallsend as we have enjoyed a successful 40-year history in the area and become a serious employer.”