Software firm 4Projects has this week relocated its UK headquarters to Newcastle city centre in a £3m investment.
The new premises in Central Square will boost the company’s plans to expand by more than 50% this year.
This move is funded in part by a grant from Let’s Grow, a regional growth fund programme involving Trinity Mirror Group, publishers of The Journal, the BE Group and UNW LLP.
Steve Spark, managing director of 4Projects, said: “The increased demand for effective project and BIM collaboration tools from a variety of construction stakeholders across the globe has required us to expand our UK-based team.
“We will be creating up to 30 new jobs, including developers, technical support, quality assurance and sales professionals.
“The support that the Let’s Grow programme has presented creates an environment in which 4Projects can capitalise on the growing market for construction collaboration tools and the unique opportunity to be at the ground level of Newcastle’s emergence as a recognised centre for innovation and technology in the region.”
Andrew Frost, project adviser, BE Group, added, “We’re pleased to be able to support 4Projects with their expansion plans. The grant award of £235,000 will help the company to significantly increase its workforce and is another good example of a growing business being supported by the £30m regional Let’s Grow programme.”
The move was helped by the inward investment team at Newcastle Gateshead Initiative.
Its director Catherine Walker said: “We’re delighted that 4Projects have chosen Newcastle for the location of its European headquarters.
“The city’s ambition for growth can only be achieved through the attraction of high-performing companies such as 4Projects bringing and creating highly-skilled knowledge and innovation led jobs.
“They will join an extensive cluster of software development companies, world-class universities and collaborative networks. This reinforces our growing reputation across the UK and beyond as one of the most vibrant and talented tech communities outside London.”
4Projects is a Viewpoint Construction Software Company which was named 2013 Collaboration Software of the Year and Product of the Year by Construction Computing Magazine.