The government has approved £2.6 billion of spending plans to allow local leaders to replace EU funding with support from the new UK Shared Prosperity Fund (UK SPF). Councils nationwide have drawn up the plans with a wide range of local partners that deliver for people in their areas. They have … [Read more...]
News for: Northern Powerhouse
Green technology worth £8.6 billion to the Greater Manchester economy
A new study into Greater Manchester's green technology sector has found it generated £8.6 billion in sales in 2019-20, and employs 3.2% of the city-region's workforce. The research was commissioned by Green Economy, a membership organisation connecting buyers to suppliers of green products and … [Read more...]
Stockport, Manchester and Trafford among top locations outside London for a finance career
The Greater Manchester local authorities of Stockport, Manchester, and Trafford have all been named among the top locations to start a career in finance outside the capital, according to research by trading company, CMC Markets. While London dominates the UK's financial services sector, CMC … [Read more...]
Investment boost for TransPennine rail upgrades
Transport Secretary Grant Shapps has announced the government will triple its investment in improvements to the TransPennine rail route, linking Greater Manchester with West Yorkshire, to £9 billion. The funding will support the full electrification of the rail route, saving around 87,000 tons of … [Read more...]
NPIF celebrates five years of investing in the region’s SMEs
The Northern Powerhouse Investment Fund (NPIF) has celebrated that it has invested in over 1,000 SMEs across the North of England since it was launched five years ago. The £500 million fund was launched 2017 by the British Business Bank using funding from the European Regional Development Fund … [Read more...]
Strong six months for North-west private equity deals
The North-west region has recorded a strong six months for private equity deals, according to provisional half-yearly data from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School and supported by Equistone Partners Europe. Private equity investors … [Read more...]
£100 million investment provides boost to Northern SMEs
SMEs across Northern England have benefitted from £100 million investment by FW Capital in the financial year ended 31st March 2022. Loans by the fund manager totalling £35.5 million enabled SMEs in the region to access a further £69 million in co-investment from the private sector. Collectively, … [Read more...]
Greater Manchester Integrated Care Partnership launches, bringing health and care services closer
A new Integrated Care Partnership has come into operation from 1st July, bringing health and social care services closer together in Greater Manchester. Under a local devolution deal in 2016, the city-region's ten local authorities were giving greater control over their collective £6 billion … [Read more...]
Government plans relocation of 2,500 jobs to Manchester
2,500 civil service jobs are set to be relocated to a new hub in Manchester under the government's Places for Growth programme to move Whitehall departments out of the capital. The Government Property Agency has signed a lease agreement for a 129,000 sq ft site on First Street in Manchester city … [Read more...]
North West Space Cluster to boost region’s role in multi-billion pound UK space sector
The North-west has been confirmed as a strategic component of the UK's multi-billion pound space sector, with a dedicated North West Space Cluster formally launched in the region. Led by the Science and Technology Facilities Council (STFC), alongside a consortium of key regional, national and … [Read more...]
National vacancy figures mask regional disparities in jobs market
The Local Government Association (LGA), representing councils across England, has called for more powers to be devolved to local authorities after new research highlights the varied regional factors affecting the jobs market in different parts of the country. While national data has show strong … [Read more...]
Stockport economy set to grow to £6.5 billion by end of 2023
The economy of Stockport is set to hit £6.5 billion Gross Value Added (GVA) by the end of 2023, according to analysis by law firm Irwin Mitchell in their UK Powerhouse report's City Growth Tracker, but gaps between North and South are set to widen. Irwin Mitchell's analysis, produced by the … [Read more...]
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