Ahead of Prime Minister Rishi Sunak's address to the Conservative Party Conference today (4th October), business and political leaders in the North and Midlands of England have expressed their support for the HS2 high-speed rail service to reach Manchester. Following much media speculation that … [Read more...]
News for: Northern Powerhouse
Stockport ecommerce platform raises £1.5 million to target B2B sector
Stockport based Shopblocks, an ecommerce platform that enables small businesses to set up an online store, has secured a £1.5 million investment to grow its market share within the B2B ecommerce market. The business has raised funding from NPIF – Mercia Equity Finance, which is managed by Mercia … [Read more...]
Northern professionals encouraged to apply for top public sector jobs
Baroness Neville-Rolfe, Minister of State at the Cabinet Office, has urged professionals from across Northern England to apply for senior roles with public sector bodies. The call for more Northerners to join the public sector comes was made at a speech address business leaders in Darlington on … [Read more...]
North-west economy set for £242 million boost from manufacturing tech adoption programme
A programme to boost tech adoption and digitalisation within the manufacturing sector in the North-west is forecast to add £242 million to the local economy and create over 1,500 jobs in the region. New analysis of the Made Smarter programme has found that the 334 projects already delivered with … [Read more...]
Stockport educational technology specialist secures NPIF funding
A Stockport based supplier of educational technology has secured a six-figure investment from part of the Northern Powerhouse Investment Fund to finance future growth. The investment from NPIF – FW Capital Debt Finance, managed by FW Capital will support further growth for Computeam. The … [Read more...]
Avanti West Coast reveals new fleet of trains
Avanti West Coast has revealed the newly liveried Class 805 trains set to enter service on its network connecting London and the North-west in the coming months. The trains have been revealed at Hitachi’s Newton Aycliffe facility in the North East on 22nd September, with the first three units … [Read more...]
HS2 Manchester leg in doubt amid government concerns over rising costs
The Prime Minister and Chancellor are understood to be in talks over scrapping the Manchester leg of the HS2 high-speed rail line in a bid to curb rising costs of the project, according to the Independent newspaper. Journalists at the paper have learned of the discussions that could see the rail … [Read more...]
Northern mayors to continue legal challenge after consultation on ticket office closures ends
With a consultation on plans to close the majority of ticket offices across England having concluded, city-region mayors from across the North have issued a statement setting out that they will continue a legal challenger to oppose plans. Rail operating companies set out proposals earlier this … [Read more...]
Consultation closes on transport investment plans for the North
A consultation on an updated blueprint for transport investment across the North of England closes today (Thursday 17th August) after 12 weeks. Sub-national transport body, Transport for the North (TfN), has been inviting feedback on its revised Strategic Transport Plan for the region, which sets … [Read more...]
SME finance specialist hits £275 million investment in Northern businesses
SME finance specialist, FW Capital, has announced its investment has totalled of £275 million of funding into businesses across Northern England. The investment by the firm is understood to have created and safeguarded 12,000 jobs across the region, and had an overall funding impact of over £600 … [Read more...]
Greater Manchester investment in local economy tops £1 billion
Greater Manchester Combined Authority (GMCA) has announced that its investment funds have delivered over £1 billion of funding to support the city-region's local economy. Greater Manchester’s investment funds have so far made £1.2 billion of investments, with the figure continuing to rise through … [Read more...]
Government confirms transfer of functions and funding for LEPs to combined authorities
The UK Government has confirmed that it will withdraw core funding transfer functions of Local Enterprise Partnerships (LEPs) to local and combined authorities in April 2024. The move was first outlined in the Chancellor's March Budget earlier this year as part of a shift to giving greater powers … [Read more...]
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