The number of businesses entering administration in the North-west in the first six months of 2022 rose 60% on the previous year's figures, according to a study by Birmingham-headquartered law firm Shakespeare Martineau. The firm's national analysis found that 93 businesses in the region filed … [Read more...]
News for: Business
NatWest warns of growing strain on North-west economy despite rise in activity in July PMI
High street bank, NatWest, has warned that uncertainty and high inflation are putting an increasing strain on the North-west economy, despite its July Purchasing Manager's Index (PMI) revealing a modest rise in activity. The monthly PMI survey showed a slight drop in NatWest's headline North West … [Read more...]
Details released of latest Recovery Loan Scheme
Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]
HSBC and Taylor Wimpey become latest to offer Cost of Living payments to workforce
High-street bank HSBC, and housebuilder Taylor Wimpey have joined the growing number of UK businesses supporting their lower-paid workers with one-off Cost of Living Payments. In announcing their latest half-year results, Taylor Wimpey has revealed the business will make a cost of living payment … [Read more...]
Companies House moves to online-only service as offices remain closed
In response to the coronavirus (COVID-19) pandemic, the Companies House office in London and the public counters in Cardiff, Belfast and Edinburgh were closed. Working with customers, Companies House say they have put new ways in place to submit documents, "enhancing their digital offering and … [Read more...]
£400 energy bills discount to support households this winter
Employers and employees alike will be relieved to know that millions of households across Great Britain will receive non-repayable discounts on their energy bills this winter, as the UK government today (29 July 2022) sets out further details of the Energy Bills Support Scheme. The £400 discount, … [Read more...]
Economic update with UK Economist
Handelsbanken economist, Daniel Mahoney, reflects on recent multiple economic data releases, including inflation, consumer confidence and labour market figures. Plus, you might remember that the European Central Bank was facing a difficult decision on how it could tackle inflation AND reign in … [Read more...]
musicMagpie sees consumer tech revenue grow 15.9% in half-year results
Stockport-headquartered circular economy pioneer, musicMagpie, has seen its revenue from consumer tech grow 15.9% in the six months to 31st May, the business has revealed in its interim half-year results. Refurbished consumer technology sales now account for 65% of the total revenue, and growth … [Read more...]
New business school launches to boost access to leadership training in Cheshire and surrounding areas
Businesses in Cheshire and surrounding areas are set to benefit from improved access to management and leadership training following the launch of a new Business School in the region. Cheshire Business School, launched as part of Macclesfield College, aims to bring world class speakers to the … [Read more...]
Robinsons Brewery announces return to profit and future expansion plans
Stockport-based Robinsons Brewery has announced a return to profit for its 254-pub estate across the North-west and North Wales as the hospitality sector recovers from the Covid-19 pandemic. Despite being closed for the first four months of the year, the family-run brewery has generated an … [Read more...]
Covid Recovery Loan Scheme extended for further two years
A support scheme to help small businesses access finance to aid their recovery following the Covid pandemic has been extended for a further two years, Business Secretary Kwasi Kwarteng has announced. The Recovery Loan Scheme originally launched in April 2021 to help businesses recovering from the … [Read more...]
NPIF celebrates five years of investing in the region’s SMEs
The Northern Powerhouse Investment Fund (NPIF) has celebrated that it has invested in over 1,000 SMEs across the North of England since it was launched five years ago. The £500 million fund was launched 2017 by the British Business Bank using funding from the European Regional Development Fund … [Read more...]
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