The engineering group Nèos International will establish its group headquarters in Derby.
Based in Westside Park, Raynesway, the move will also create a permanent home for the group’s new specialty composites factory, run by subsidiary Nèos Composites – creating up to 150 jobs and technical apprenticeships in the city, and hundreds of others through indirect employment in the supply chain. .
The move follows months of scouting by Nèos International, with Derby City Council leaders stepping in to offer a specially designed composites manufacturing and development facility.
Composite materials are used in aerospace, rail, automotive and other high value-added industries, many of which are home to Derby, with players like Toyota, Airbus, Alstom, Rolls-Royce residing in the city.
Carl Roberts, CEO of Nèos International, said Derby’s solid engineering background was a big plus for the city.
“Derby has long been touted as an engineering and manufacturing powerhouse – from early steel developments to the latest critical aerospace safety systems, Derby has a rich history of engineering excellence,” he said. -he declares.
“The city itself is famous for its aerospace and rail heritage, but that belies the breadth of opportunities that such a well-located city can offer. Many of our customers and the industries we serve are represented in Derby and Derbyshire, from aerospace to automotive, and nuclear to infrastructure.
“By assimilating several of our business units into a single facility, we hope to make the most of what the city has to offer in terms of workforce and supply chain.”
With expertise in F1, motorsport, space, defense, aerospace and rail, Nèos hopes to grow his customer base across multiple sectors and hopes to generate an annual turnover of £ 20million at from installation over the next two years.
Paul Simpson, chief executive of Derby City Council, said Nèos’ decision built on the three key pillars of the city’s economic recovery – maintaining confidence, diversification and decarbonization – and would be welcomed by many. organizations already present in the city.
“For the city, and of course the Council, the move corresponds perfectly to our future ambitions; The emphasis placed by Nèos on innovation and its diversified specialization in the markets ticks the key boxes of our economic recovery strategy, ”he said.
“Their experience in aerospace, automotive, composites and rail means that a number of organizations already operating in Derby will benefit, so we’re excited to see the positive implications for our local supply chain. “
Tim Wybrow, managing director of Nèos Composites, said he hopes the work undertaken at the new composites plant will be showcased on the global engineering scene and that the group looks forward to working with local academic institutions in the region. city to create technical apprenticeships.
“By leveraging Derby’s long and proud engineering history, we plan to grow our group rapidly in terms of people and projects, generating long-term, high-quality jobs, as well as strengthening supply chains and collaborative opportunities available in the city, ”he said.
“Today, in all of our business units, we recognize the advantage of helping young people take their first steps into the world of work. From work experience to apprenticeships and professional training, we truly believe in investing in people.
“With the support of Derby City Council, we will develop a technical learning program to nurture the next generation, through engagement with local schools and colleges.”
Gareth O’Donovan, Head of Economic Growth at Derby City Council, added: “We have been really impressed with the management team at Nèos and the company they have built to date.
“They have big ambitions for growth and we are really delighted that they have chosen Derby as their new national headquarters. This move brings good quality, sustainable jobs and learning to the city, which ultimately means income and opportunities for our people and their families. “
Mr O’Donovan said the move signaled once again that Derby was open for business: “As an authority we are able and willing to help businesses set up, grow or relocate. here.
“Derby has a lot to offer, and being able to attract companies of the caliber of Nèos is a testament to the advanced engineering capabilities we already have in the city. I am delighted that we were able to support Nèos and we look forward to working with them.