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Economy
09:40, 4 NOV 2021
Science zone in shadow of National Space Centre wins £19m for high tech jobs and satellite factory
Technology
Levelling Up Fund money will help projects in and around Pioneer Park and Exploration Drive
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£17m Leicester aparthotel The Gresham opens to guests
Commercial Property
There are 121 rooms and a restaurant and bar called ‘Black Iron Social' run by the team behind Winstanley House Hotel
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Next warns of slower sales in run-up to Christmas
Retail & High Street
Inflation, staff shortages and international supply chain problems set to slow sales growth
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Financial help offered in bid to bring empty Plymouth shops back into use
Retail & High Street
City council combines with Plymouth Culture, Plymouth City Centre Company and Vacancy Atlas in £150k scheme
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Rolls-Royce signs green tech partnership with Qatar Foundation which could lead to 1,000 new jobs
Climate Agenda
Together they hope to support the creation of five new-tech "unicorns" - each valued at $1bn - by 2030
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Chris Dawson's The Range triples profit to £145m on back of Covid trading
Company Results
Stores' designation as essential retailers allowed Plymouth-headquartered Norton Group Holdings Ltd to boost sales by additional £352m in 2020
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Survey reveals South West SMEs fear harsh winter as economy wobbles
SMEs
Regional FEB study shows small businesses are concerned about inflation, staff shortages and sluggish consumer spending
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Cornwall-based Eden Project announces 'new Eden' for South America
Environment
Eden Colombia is announced at Glasgow's COP26 summit as Eden Project eyes attractions in every inhabited continent
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Work begins on £7m plan to redevelop Plymouth city centre
Retail & High Street
Construction teams are to begin work on the area around Old Town Street and New George Street after council received Transforming Cities Fund bounty
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University of Plymouth spin-out devises recyclable COP26 travel card
Environment
Smart Applications Management has invented a pass to access to rail, underground, tram, and bus services for the duration of the Glasgow conference
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Covid pitches St Austell Brewery into £10m loss after years of growth
Company Results
Cornwall-based brewer and pub company saw years of profit overturned as pandemic closed outlets and slashed revenue
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Plans revealed for £18m district shopping centre on Plymouth brownfield site
Retail
City council signs up M&S Foodhall and Aldi to anchor ambitious development on former Seaton Barracks land
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Leicestershire-based Integrated Food Projects helps smoothie brand Innocent open £200m green bottling plant
Technology
Manufacturing has now started, with the production line capable of making up to 300 million litres in a year
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Public invited to comment on 'once-in-a-lifetime opportunity' to map out future of Notts barracks site
Economy
Proposals are also part of a longer-term vision for that part of the East Midlands which could create 84,000 jobs
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South West production company to premiere law case movie in Plymouth
Education
Time-Lock Productions' Mrs Carlill v Carbolic Smokeball Co is intended as first of series called The Justice Files
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Warning as 39,000 South West firms in significant financial distress
Economy
Begbies Traynor's Red Flag Alert Report reveals 1,248 Plymouth firms faced difficulties in Q3
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Octopus Energy among big firms helping value of Ƶ’s net-zero tech sector double in a year
Technology
In all eight Ƶ net-zero tech firms have passed the billion-dollar - £730 million - valuation “unicorn” status
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South West businesses plan recruitment even as confidence in economy falters
Employment
New Lloyds report says firms' confidence in own prospects grows but optimism for economy wanes
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Welsh business confidence tumbles shows latest research from Lloyds
Economy
The overall confidence rating for Wales was 23% compared to 43% for the Ƶ as a whole
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Impact of supply chain crisis and Covid revealed as almost 8,000 Leicestershire businesses in ‘significant’ distress
Insolvency and Administration
Challenges include rising inflation, labour shortages, spiralling energy prices and the winding back of Covid support
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Grimsby relief road remains priority despite Government funding blow
Transport
North East Lincolnshire Council leader Philip Jackson said he was ‘extremely disappointed’ the scheme missed out on Government financial support
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Chief executive of Chamber Wales is standing down
Wales
After five years in the role Heather Anstey-Myers is leaving the business membership organisation
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Corporate insolvencies rise 70% in South West as inflation bites
Insolvency and Administration
Supply chain issues and loss of Government Covid support also cited as reasons firms are going insolvent
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More than 200 apprentices and graduates join Babcock in Plymouth
Employment
Engineering giant takes on new staff at its vast Devonport operation
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