The UK economy grew 0.3% in the three months from April to June 2025, according to the latest GDP estimates from the Office of National Statistics (ONS). While the latest growth figure represents a slight slowdown in the 0.7% growth recorded in the previous quarter, the UK economy has … [Read more...]
News for: Business
North West firms express increased optimism about outlook, finds NatWest survey
Despite revealing a drop in activity in the start of Q3 of 2025, the latest NatWest Growth Tracker saw firms in the North West express increased optimism for trading conditions over the next 12 months. The region's Business Activity Index – which measures changes in the region's output of goods … [Read more...]
Bank of England announces 0.25 point cut to interest rate
Economists at the Bank of England have voted to cut its base interest rate by 0.25 percentage points to 4%, its lowest level in two years. The bank's Monetary Policy Committee (MPC) voted 5-4 in favour of the cut, with those against opting to hold rates at the previous level in light of … [Read more...]
GMCA’s Foundational Economy Innovation Fund awards £275,000 in grants
Projects aimed at supporting the city-region's foundational economy have been awarded grant funding from Greater Manchester Combined Authority (GMCA) totalling £275,000. Twenty-five businesses and organisations from across Greater Manchester have been awarded grants of up to £11,000 from the … [Read more...]
Companies House confirms start date for identity verification rollout
Companies House has confirmed that legal requirements for directors and people with significant control (PSCs) of companies to verify their identity will begin from 18th November 2025. New directors, either incorporating a new company or being appointed to an existing one, will need to verify … [Read more...]
Planning and licensing reforms aim to support hospitality sector
Proposed changes to planning and licensing rules aimed at supporting local high streets have been announced that will reduce the complexity of opening and operating hospitality venues. The reforms will make it easier to convert disused shops into hospitality venues. New dedicated ‘hospitality … [Read more...]
Government unveils Small Business Plan
The UK Government has unveiled its Small Business Plan that aims to support SMEs nationwide, particularly through tightening rules around late payments and improve access to finance. Small and medium sized firms employ 60% of the country’s workforce and generate £2.8 trillion in turnover. … [Read more...]
Stockport’s JCM moves lock, STOK and barrel
After 10 years on Birdhall Lane in Cheadle, JCM Business Solutions has upped sticks and moved into STOK, one of Stockport’s smartest addresses on Prince’s Street in the centre of the town. The move for family-owned business software solutions provider JCM, set up by Chris Moran in 2010, coincides … [Read more...]
Growth Guarantee Scheme supports £270 million in lending to North West businesses
The British Business Bank has reached the landmark milestone of £2.5 billion of lending nationwide under its Growth Guarantee Scheme, with the North West receiving £272 million across 1,495 facilities alone. 69% of lending has been delivered to businesses outside London and the South East, and … [Read more...]
College innovation pilot supports over 1,000 Greater Manchester businesses
The Greater Manchester Further Education Innovation Programme (GMFEIP) is celebrating that over a thousand businesses in the city-region have accessed innovation support and training from local colleges. Backed by £2.5 million in funding from Innovate UK, GMFEIP empowered nine FE colleges across … [Read more...]
British Business Bank delivers £700 million boost for North West economy
The North West economy is expected to see a £700 million boost in output as a result of support for businesses in the region provided through the British Business Bank in 2024/25. The UK government’s economic development bank has revealed in its latest annual Impact Report that its support of … [Read more...]
Manchester Digital Strategy launches report into regional start-up landscape
A new report, with expert-led recommendations, has been launched by Manchester Digital Strategy, in order to lay the right foundations for a stronger, more equitable and thriving start-up ecosystem for the region. There are more than 10,000 digital and tech businesses in Greater Manchester and … [Read more...]
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