Northumberland has a strong track record for attracting inward investment into the County and is home to innovative and successful companies from across the globe and here in the UK. Alnwick-based research and development company, Arc Trinova Ltd, trading as Arcinova, is another success story.
Arcinova is a leading global provider of research and development services to the pharmaceutical industry with a comprehensive range of services in drug development.
The company recently worked with the Business Team to secure rural growth funding to increase production capabilities by developing their facility in Alnwick, and create more jobs in Northumberland’s burgeoning life science and pharmaceutical sector.
The £60,000 grant awarded from the Rural Growth Network Fund has supplemented a substantial capital investment from the company to develop an additional revenue stream to complement their existing capabilities.The Business Team identified the opportunity for rural growth funding via their regular Strategic Account Management meetings with local companies and encouraged Arcinova to apply as they looked to develop their Alnwick site.
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