British Business Investments, part of the British Business Bank, has announced a commitment of £50 million to support Manchester based Tosca Debt Capital’s (TDC) fund supporting small businesses in the North of England. TDC’s fund will focus on funding regional businesses across all sectors, and … [Read more...]
News for: Northern Powerhouse
Deloitte Crane Survey: Greater Manchester property sector set for record year
According to Deloitte’s annual Manchester Crane Survey, Manchester city centre has enjoyed a record year of completions, and more schemes brought forward in 2019 at its highest level since 2006, and 2020 is set for the highest levels of delivery since the survey began in 1999. 27 developments … [Read more...]
Greater Manchester Co-operative Commission recommends greater support for the sector
A report by the Greater Manchester Co-operative Commission has recommended further support for the sector can bring greater economic and social benefits to the city-region. The commission has recommended Greater Manchester becomes a dedicated Co-operative Zone, and offers dedicated advice and … [Read more...]
Leaked HS2 review casts doubt on future of Birmingham to Manchester route
As reported by the Financial Times, an leaked review of HS2 high speed rail link from London to Manchester and Leeds has cast doubt on the viability of the route beyond Birmingham. Costs of the route are now expected to soar to £106 billion, with completion at least seven years behind schedule. … [Read more...]
Regional inequality should be addressed in 2020 Budget, says KPMG report
Greater investment in the UK’s regions is needed in the upcoming 2020 Budget to tackle regional inequality, according to a KPMG report which cites the successes of Greater Manchester’s devolution. The report suggests that infrastructure investment, particularly in transport and digital … [Read more...]
North West gained 11,000 new businesses in 2019
A survey by insolvency and restructuring trade body R3 shows that the number of businesses in North West England grew during 2019, with 11,000 more companies opening than closing. In December 2019, there were 380,000 active businesses in the region, an increase of 21% since 2015; this is slightly … [Read more...]
Devolved Adult Education Budget supports 29,000 Greater Manchester residents
The Greater Manchester Combined Authority’s (GMCA) Adult Education Budget has supported over 29,000 Greater Manchester residents since launching in August 2019. The Adult Education Budget is a pot of £92 million which the GMCA has used to support Greater Manchester residents to access education … [Read more...]
Stockport Business Angels continue to invest in the town’s entrepreneurs
Working with the Growth Company’s GC Angels, Hallidays have co-hosted a Stockport Business Angels event, giving six growing businesses the opportunity to pitch their ideas to an audience of experienced businesspeople looking to invest. The size of investments made at the event have … [Read more...]
Educational equality gap closing in Greater Manchester
Department of Education figures released this week show that Greater Manchester has closed the educational equality gap between the most disadvantaged children in the city-region, and the rest of the country thanks to reforms of the local early years services. 56% of children from disadvantaged … [Read more...]
TransPennine Express launch £500 million new fleet
Rail operator, TransPennine Express, have launched 44 new trains to improve overcrowding and comfort on routes across northern England following an unveiling at Liverpool Lime Street Station. The 44 ‘Nova’ trains, built by Hitachi and CAF, are the result of a £500 million investment in the … [Read more...]
Social Enterprise Advisory Group launched in Greater Manchester
The Social Enterprise Advisory Group will support the Greater Manchester Combined Authority (GMCA) leaders and Mayor with recommendations that will help the sector succeed. GMCA want to support an ambitious agenda for social enterprise within Greater Manchester. Rose Marley, CEO of SharpFutures … [Read more...]
The Times: ‘HS2 will boost North despite soaring costs’
According to a review of the scheme reported to The Times, the HS2 rail project should go ahead despite costs ballooning to £88 billion and a dramatic drop in the benefit to taxpayers. The leaked document recommends that the incoming government commit to the full high-speed rail network — the … [Read more...]
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