North Tyneside industrial services firm Barrier Group eyes growth with significant new funding package
A North Tyneside-headquartered industrial services firm is driving forward its expansion plans after securing significant backing.
Barrier Group has expertise in industrial services, modular construction and passive fire protection.
It has grown a strong reputation across offshore and onshore power generation projects, marine, petrochemical and oil and gas.
FW Capital's investment was delivered through the £35m Elevate Fund.
Launched in October 2025, the Elevate Fund is part of the North East Fund's investment programme and is championed by North East Mayor Kim McGuinness.
The funding investment will enable Barrier Group to capitalise on a series of major new contract wins in the renewables sector, including offshore wind projects, while also supporting the expansion of its workforce.
To complement this, Lloyds has provided a UK Export Finance-backed bonding line to underpin export contracts with global engineering leaders such as Hitachi and Siemens.
David Alderson, financial director at Barrier Group, said: "We're experiencing a big growth cycle and it's important that we have the right partners to support us. Our work now spans a wide variety of sectors, from offshore and onshore power generation projects, marine, petrochemical and we’re increasingly building our presence in renewables.
"The support from Lloyds and FW Capital is giving us the confidence to take on new projects, invest in our people and expand the business at pace. With this backing, we’re well placed to deliver on a growing pipeline of opportunities and strengthen our position in the market for the long term."
Dave Hawkins, portfolio executive at FW Capital, added: "Barrier Group is experiencing impressive growth and is one of the many successful North East businesses we are proud to support.
“They’ve secured some exciting new contracts to design and build modular structures for wind farms and cladding on some new renewable energy projects. Our finance is helping fulfil these and support their continued growth journey in the UK and beyond."
Words: Alice Bird