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...]
News for: Northern Powerhouse
Andy Burnham to chair Rail North Committee
Greater Manchester Mayor Andy Burnham has been elected as Chair to Transport for the North's (TfN) Rail North Committee. The Committee advises the sub-national transport body on rail services and infrastructure improvements and all matters relating to rail franchise and contract management across … [Read more...]
Business and political leaders make joint call for underground high-speed rail station for Greater Manchester
Business and political leaders from across Greater Manchester are calling on government to commit to an underground high-speed rail interchange at in Manchester Piccadilly to ensure the city-region and wider North of England can derive the maximum benefit from the enhanced connectivity of HS2 and … [Read more...]
Consultation launches on investment in the North’s transport
Transport for the North (TfN) has launched a 12-week statutory consultation on its revised Strategic Transport Plan for the North of England. With investment in transport infrastructure capable of delivering an extra £118 billion annually to the region's economic output by 2050, the Plan sets out … [Read more...]
£72 million investment boost for Greater Manchester rail services
The Department of Transport (DfT) has announced a £72 million investment in rail infrastructure in Greater Manchester to help improve the reliability of trains in the city-region. Rail Minister Huw Merriman announced yesterday (25th May) a number of improvements to Manchester Victoria and Salford … [Read more...]
Network Rail sets out five-year investment plan for West Coast Mainline
Network Rail has set out plans for £8.5 billion of investment in key routes in North West and Central England over the next five years, including the West Coast Mainline. The region's Strategic Business Plan (SBP) covers the projected activities, outputs and cost of operating, maintaining and … [Read more...]
Greater Manchester sets out refreshed Digital Blueprint for city-region
Greater Manchester Combined Authority (GMCA) has updated its Digital Blueprint, setting out how the city-region will build on its growing status as a global hub for the digital and technology sector. The blueprint sets out how, over the next three years to 2026, Greater Manchester will leverage … [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...]
Transpennine Express to come under DfT control
The Transport Secretary has announced that Transpennine Express will be brought under the control of the Department of Transport's (DfT) Operator as Last Resort when FirstGroup's contract to run the franchise ends on 28th May. The move follows significant disruption for the rail company's … [Read more...]
Lord Jim O’Neill announced as new Chair of Northern Powerhouse Partnership
Lord Jim O'Neill has been announced to be the new Chair of the Northern Powerhouse Partnership, a business-led advocacy group focused on closing the North-South economic divide. Lord O'Neill will take over the role from NPP founder and former Chancellor, George Osborne, who will remain at the … [Read more...]
Andy Burnham outlines devolution plans for education, housing and transport
Marking his sixth anniversary since taking office, Greater Manchester Mayor, Andy Burnham, has begun outlining plans following the city-region's recent new devolution deal. In a reflective article on the GMCA website published six years after being elected as Mayor in May 2017, Andy Burnham first … [Read more...]
New accelerator programme launches in the North-west
SME investors, Maven Capital Partners, have announced the launch of a new accelerator programme, for start-ups in the North-west. The investment group, which has previously backed North-west tech start-ups with over £150 million investments, has launched THE HUB to support start-ups and scaling … [Read more...]
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