50% of business exits have stemmed from an unexpected approach from a buyer, however many business owners have failed to maximise shareholder value because they are ill prepared for the ‘tap on a shoulder’ approach, according to research by Azets. The top 10 accountancy firm's data is based on a … [Read more...]
News for: Business
New information hub to launch to help Stockport businesses connect with finance and investment
Stockport businesses of all sizes can now access information to help in finding finance and investment via an new service from the Growth Company. SimpliFi offers clear and accessible information about the available finance options available to businesses, including equity investments, debt … [Read more...]
Over £121 million in Self Assessment tax payments made since April using the HMRC app
Nearly 100,000 customers have made £121 million in Self Assessment tax payments using the HMRC app, according to the UK tax authority's latest figures. Between April and September 2023, 97,365 customers have used the app to settle their tax bill for the 2022 to 2023 tax year, with more than three … [Read more...]
Inflation falls to 4.6% in October
The Office of National Statistics' (ONS) headline measure of inflation, the Consumer Price Index (CPI), has fallen to 4.6% in October, less the half the rate of price growth seen at the start of 2023. The latest CPI data shows inflation having fallen 2.1 percentage points form 6.7% in September. … [Read more...]
GMCA awards £7.5 million to support businesses across the city-region
Greater Manchester Combined Authority (GMCA) has announced it has awarded £7.5 million from the UK Shared Prosperity Fund to deliver business support across the city-region. GM Business Growth Hub will use the funding to offer tailored support to businesses of all sizes in Greater Manchester to … [Read more...]
Climate tech hub secures £3 million investment to support expansion into Greater Manchester
Sustainable Ventures, a climate tech hub to support green economy innovators, has secured a £3 million investment that will enable expansion into Greater Manchester in 2024. Funding has been led by Barclays Sustainable Impact Capital, part of the bank's commitment to invest £500 million in equity … [Read more...]
NatWest North West business survey reveals third month of downturn
Business activity in the North West has fallen for a third consecutive month in October, according to the latest NatWest Regional PMI survey data of firms in the region. Despite the fall, the region remains among the most optimistic for future performance of all UK regions and nations, which was … [Read more...]
Latest UK GDP data shows zero growth in third quarter of 2023
The latest GDP data published by the Office of National Statistics (ONS) shows the UK economy has seen no growth in output in the three months from July to the end of September 2023. The latest data from the ONS shows the economy grew just 0.2% during September 2023, and 0.1% in August, balancing … [Read more...]
Greater Manchester should keep share of income tax raised in the city-region, argues new report
A new report published by Centre for Cities is arguing Greater Manchester should be able to retain a share of the income tax raised locally as part of further devolution agreements. 'Trailblazer' devolution deals agreed with Westminster for Greater Manchester and the West Midlands earlier this … [Read more...]
New minimum service levels announced for strikes in key public services
The government has announced new guaranteed minimum service levels for a range of public services during strike action to mitigate the disruption to the public during industrial disputes. Minimum service levels are proposed for rail, ambulance and border security staff, and seek to balance the … [Read more...]
Greater Manchester businesses boosted by £45 million from NPIF backed investment fund
Businesses in Greater Manchester have secured nearly £45 million of?investment from NPIF - FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF). The investment has attracted co-investment of over £70 million from the private sector, resulting in an impact on businesses … [Read more...]
More firms in Stockport urged to pay Real Living Wage
Business leaders in Greater Manchester are calling on more businesses in Stockport and from across the city-region to join them in paying the Real Living Wage. In a video released to celebrate Living Wage Week, from 6th to 10th November, Seddon Construction, Carrs Pasties, and Adept Corporate … [Read more...]
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