Nèos International to establish headquarters in Derby

Engineering business Nèos International is to establish its group headquarters in Derby in a move expected to create up to 150 jobs.

Based at Westside Park, Raynesway, the move will also create a permanent home for the group’s new specialist composite facility, run by subsidiary Nèos Composites, creating up to 150 jobs and technical apprenticeships in the city, and hundreds more through indirect supply chain employment.

The announcement follows months of location scouting by Nèos International, with Derby City Council stepping in to offer a purpose-built composites manufacturing and development facility.

Carl Roberts, Nèos International chief executive, said: “Derby has long been heralded as an engineering and manufacturing powerhouse, from early developments in steel, to the latest in safety critical systems for aerospace, Derby has a rich history in delivering engineering excellence.

“By assimilating several of our business units together in one facility, we expect to leverage the very best of what the city has to offer in terms of the workforce and the supply chain.”

With expertise in F1, motorsport, space, defence, aerospace and rail, Nèos hopes to grow its customer base across multiple industries, and expects to generate an annual revenue of £20m from the facility within the next two years.

Paul Simpson, chief executive of Derby City Council, added: “For the city, and indeed the council, the move fits perfectly with our future ambitions; Nèos’ focus on innovation, and their diverse market specialism ticks key boxes in our economic recovery strategy.

“Their background in aerospace, automotive, composite and rail mean a number of organisations already operating in Derby will benefit, so we’re excited to see the positive implications for our local supply chain.”

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