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Wales needs huge rise in its borrowing powers says Plaid Cymru

The Welsh Government should be given a fivefold increase in its borrowing powers as part of measures to deal with the economic fallout from the cornavirus says Plaid Cymru.

At present the UK Treasury only allows the Welsh Government to borrow £1bn in long-term repayable finance over a ...

2020-03-29 12:41 open_in_new
Team Leicester delegation vows to get back on track for MIPIM 2021 following double cancellation

An official Team Leicester delegation to the global MIPIM property conference is fully committed to attended the rescheduled event next spring.

The annual networking event was due to take place earlier this month but was moved to June because of the global emergency.

Last week the ...

2020-03-29 05:20 open_in_new
Your questions answered on coronavirus crisis support for businesses

The UK and Welsh governments have announced a raft of measures over the past two weeks to support the coronavirus hit business community.

But the speed of the rollout and the range of support measures has left some confusion.

Business Live asked Elissa Thursfield, head of ...

2020-03-27 11:47 open_in_new
Watkin Jones closing development sites across the UK amid coronavirus outbreak

Watkin Jones Group is closing its development sites in the UK amid the coronavirus outbreak.

The Bangor based student and private apartments developer that works across the UK said the "health and safety, welfare and protection" of workers and contractors was its ...

2020-03-27 11:47 open_in_new
Britain's biggest brick makers stop production

Britain’s two biggest brick makers have halted production during the nationwide shutdown.

Ibstock and Forterra are closing all their facilities during the crisis, but have assured investors they had access to enough cash to tide them over.

In a statement, Forterra said: “In light ...

2020-03-26 12:41 open_in_new
Viagra sales shoot up during virus shutdown

Online sales of Viagra and morning after pill shoot up during virus shutdown

Shutdown leads to surge in Viagra sales

Viagra has become one of the best-selling products at an online pharmacy as isolated couples turn to more traditional home comforts.

Nottingham-based online ...

2020-03-26 12:41 open_in_new
Manchester city council announces business rates payment delay to help businesses through coronavirus outbreak

Manchester city council has announced business rates payments will be delayed in April in order to ‘minimise their expenditure’ during the Covid-19 outbreak.

Coun Carl Ollerhead, Manchester city council’s executive member for finance and human resources, said on Thursday direct ...

2020-03-20 19:08 open_in_new
Why we need to look to the Humber for a bright economic future - our man on his devolution disillusion

Are we really going to let the sun set on our vital Energy Estuary as a wholly politically-backed economic entity?

“Fog on the Humber” was the description given by chamber chief executive Ian Kelly at the recent AGM, as with furrowed-brow he outlined the complexities of every ...

2020-03-13 13:53 open_in_new
Transport projects that can reshape North Wales in future years

Following the publication of the Welsh Government budget for 2020-21, Mark Valentine, growth director based in the Wrexham office of engineering professional services consultancy WSP, has identified the major Welsh transport infrastructure projects that are set to reshape North Wales for future ...

2020-03-13 13:53 open_in_new
Flintshire chemicals firm celebrates its centenary year

An “innovative” chemicals manufacturer is celebrating its centenary year.

Mold-based Synthite has commemorated 100 years since its formation with a ceremony at its Alyn Works site on Denbigh Road.

A special dinner to celebrate the landmark anniversary was also held at the Plas ...

2020-03-13 13:53 open_in_new
Wales needs to maximise the benefits from Rushi Sunak's business friendly Budget

It was never going to be an easy task for the new Chancellor of the Exchequer to deliver a Budget four weeks into his new job and with the growing crisis of the coronavirus outbreak at the front of everyone’s mind.

But from the point of view of the majority of firms, many would agree ...

2020-03-13 13:53 open_in_new
AR Power wins top prize at Durham, Sunderland and South Tyneside Business Awards

Washington solar power firm AR Power has won the top prize at the Durham, Sunderland and South Tyneside Business Awards.

The Washington firm took the company of the year at the end of a night that also saw prizes won by Keepmoat Homes, Katy Sue Designs and

AR Power beat ...

2020-03-13 13:53 open_in_new
Cubic Motion is snapped up by US video gaming company Epic Games

A Greater Manchester tech firm, which has developed cutting edge computer vision and facial animation technology, has been sold by its PE backers NorthEdge Capital.

The PE firm has completed the second exit from its Fund II with the sale of Cubic Motion to US video gaming giant Epic ...

2020-03-13 13:53 open_in_new
Tech for good platform Culture Shift targets professional services sector after VC backing from Praetura Ventures

A Manchester-based technology business that has created a platform for people to confidentially and safely report workplace harassment has secured a £1.35m investment.

The funding round was led by Praetura Ventures, a VC firm which targets early stage businesses in high value ...

2020-03-13 13:53 open_in_new
Hotter rolls out 3D foot scanning technology across the UK

A North West shoe specialist is rolling out its 3D foot scanning machines across the UK after making a £500,000 investment.

Hotter, founded in 1959 and one of the UK's biggest footwear manufacturers, is launching its 'Footprint' technology at its 32 stores across the UK, ...

2020-03-13 13:53 open_in_new
Kylie Jenner’s bestie Anastasia Karanikolaou aka Stassie launches shoe range with Manchester brand

Kylie Jenner’s best friend since she was 13, Anastasia Karanikolaou aka Stassie, has launched her first shoe collection with Manchester-based Ego Shoes.

The social media influencer boasts 7.3 million followers of her own on Instagram and regularly posts pictures of herself and her ...

2020-03-13 13:53 open_in_new
Derbyshire plastics giant achieves ‘robust’ results despite Brexit uncertainty

A Derbyshire firm which manufactures plastic roof, window and door products, has reported a “robust” set of financial results despite higher overheads and Brexit uncertainty.

In its preliminary results issued to the markets this morning, Eurocell, which is based in Alfreton, said that ...

2020-03-13 13:53 open_in_new
Former Holyhead Magistrates Court with hotel conversion planning permission is up for sale

A former magistrates court – with planning permission for an apartment hotel - has been put up for sale.

The courtrooms in Holyhead were closed by the Ministry of Justice at the end of 2016 and later sold by the Government for £112,500.

Holyhead Lions Gate Ltd secured planning ...

2020-03-13 13:53 open_in_new
Three huge Elliot Group developments in Liverpool and Manchester put into administration

Three huge developments across the North West have been placed into administration by the Elliot Group.

Both the Infinity towers project and Aura in Liverpool and the Residence in Manchester are now under threat after Elliot Lawless made the announcement on Friday.

Founder and ...

2020-03-13 13:53 open_in_new
Humber devo deal dead in the water - as diluted development corporation touted

A Humber devolution deal that would have brought millions of pounds of funding to the area has been declared “dead” in the water - but not all hope has been lost for its champions.

Hull and East Riding councils have long been pushing for a devolution deal that would have united them ...

2020-03-13 13:53 open_in_new