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Birmingham Post
Birmingham Post
Business
Tom Keighley

Gateshead's iPac to create new jobs after sealing £2.2m investment deal

iPac Maven Gateshead

Food packaging manufacturer iPac has secured a £2.2m investment that will fund expansion of its production lines and the creation of 42 new jobs.

Gateshead-based iPac, which specialises in food and pharmaceutical packaging, received the funding injection from Maven Venture Capital Trusts and the North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and managed by Maven.

The investment will see iPac increase its production lines from three to 13 within five years and increase the size of its workforce from 51 to 93.

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