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...]
News for: Northern Powerhouse
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...]
Invest North report launches to recommend policies to boost prosperity in the region
Policy recommendations to aimed at driving up prosperity across the North of England have had the support of politicians from across the political spectrum. The Invest North report, produced by TheBusinessDesk.com with the backing of partners including Lloyds Bank, Northern Powerhouse … [Read more...]
Stockport MDC appoints GMCA’s Eamonn Boylan as interim Chair
Stockport Mayoral Development Corporation (MDC) has appointed the Chief Executive of Greater Manchester Combined Authority (GMCA), Eamonn Boylan, as interim Chair to oversee delivery of its 130-acre regeneration mission. The appointment follows the recent death of Lord Bob Kerslake, who chaired … [Read more...]
Plans progress for Crewe to Manchester leg of HS2
Plans are continuing to progress for the Crewe to Manchester leg of the HS2 high-speed rail link after the government introduced a second additional provision to the High Speed Rail (Crewe – Manchester) Bill on 3rd July. The provisions make a number of minor changes to the route of the railway … [Read more...]
Stockport property leaders named in annual industry power list
Figures involved in Stockport's ongoing £1 billion town centre regeneration are among those named in Insider's annual Property Power List. Sponsored by Fieldfisher and included in July's North West Business Insider magazine, this annual list profiles 100 key figures in the North West's property … [Read more...]
Stockport to benefit from £2.4 million government funding to deliver local priorities
Stockport Council has been awarded a £2.4 million allocation of funding for the Communities and Place strand of the UK Strategic Priorities Fund (UKSPF). The UKSPF is a central pillar of the government’s Levelling Up agenda and aims to help build stronger, more resilient communities, and creating … [Read more...]
Foreign direct investment delivered 3,800 Greater Manchester jobs in 2022
Foreign direct investment in Greater Manchester created thousands of new jobs across the city-region, according to the latest government statistics published earlier in June 2023. The Department for Business and Trade Inward Investment Results for 2022-2023 revealed that the city-region attracted … [Read more...]
£660m Northern Powerhouse Investment Fund II preparing for 2024 launch
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...]
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...]
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...]
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