The British Business Bank is preparing to launch a second Northern Powerhouse Investment Fund totalling £660 million to support the region's SMEs. Ahead of the planned launch in 2024, The British Business Bank is also inviting proposals from potential fund managers to operate the Northern … [Read more...]
News for: Business
ICO recommends organisations start using privacy enhancing technologies when sharing data
The Information Commissioner's Office (ICO) has made a new recommendation for organisations to use privacy enhancing technologies (PETs) to share people’s personal information securely. The UK data protection authority's new PETs guidance is aimed at data protection officers and others who are … [Read more...]
musicMagpie shares strong half-year trading update
Stockport-headquartered circular economy pioneer, musicMagpie, has announced strong half-year trading for the six months to the end of May 2023. Despite H1 traditionally being the quieter half of the year for the retailer, EBIDTA rose 7.7% on the same period last year, at £2.8 million. The strong … [Read more...]
North West small business equity investment declined 22% in 2022
The North West recorded a 22% drop in the value equity investment deals for small businesses in the region in 2022, according to analys from the British Business Bank. The drop follows a record year for small business equity investment in 2021 following the coronavirus pandemic, when £882 million … [Read more...]
Incomes remain outpaced by inflation, finds ONS, despite 7% annual rise in average pay
Average incomes have risen by 7% on last May but payrises remain outpaced by inflation, according to the latest earnings data released by the Office of National Statistics (ONS). Based on real-time earnings of PAYE taxpayers, estimates for May 2023 indicate that median monthly pay in the UK … [Read more...]
SBIC invites Stockport businesses to remove barriers to their growth
Small businesses in Stockport are invited to learn how they can identify and overcome the challenges that are getting in the way of their growth. The Stockport Business & Innovation Centre (SBIC) is hosting Hallidays (part of the Xeinadin Group) and local businessman, Stuart Bradley for a … [Read more...]
Mayor of Greater Manchester announces portfolio leads for GMCA
Mayor of Greater Manchester, Andy Burnham, has confirmed the new portfolios for each Greater Manchester Combined Authority (GMCA) member, following the local elections earlier in May 2023. GMCA consists of the leaders of all 10 Greater Manchester councils, alongside the Mayor and the Deputy … [Read more...]
Inflation falls to 8.7%
Inflation fell to 8.7% in April, according to the latest Consumer Price Index figures published today (24th May) by the Office of National Statistics (ONS). The fall, down from 10.1% in March sees the measure of price increases drop back below double figures for the first time since September's … [Read more...]
Experienced business leaders invited to join Greater Manchester Business Board
The Greater Manchester Business Board is inviting senior business professionals from across the city-region to join its Board to help guide the city-region's future business ecosystem. The Greater Manchester Business Board is the evolution of the city-region's Local Enterprise Partnership as it … [Read more...]
Early-stage investor backs Greater Manchester businesses with £15.4 million innovation finance
GC Angels, an early-stage investor backed by Greater Manchester's Local Enterprise Partnership (LEP) has announced total investments in Greater Manchester start-ups of £3.4 milion and unlocked an additional £12 million in private capital since 2018. The investor is now looking to bolster its … [Read more...]
North-west transport and business leaders welcome Transpennine Express being brought under public control
Following yesterday's announcement by the Transport Secretary that rail company, Transpennine Express, would be brought under public control by the Department for Transport (DfT) Operator of Last Resort, local leaders from across the North-west have expressed their support for the … [Read more...]
Develop your business’ Growth Strategy with Hallidays’ Rise with Xeinadin seminar
Stockport accountants and business advisors, Hallidays, have just a few free places remaining for local businesses to explore how to develop their growth strategy in the latest instalment of their Rise with Xeinadin seminar series. Presented by the Phil Jones, a Director at the firm, the session … [Read more...]
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