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Economy

Royal London acquires major stake in Plymouth equity release firm
Finance
Responsible Life was founded by Steve Wilkie in Plymouth when he was just 24 and has grown substantially as equity release has boomed
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º£½ÇÊÓƵ's first electric commuter aircraft test flight to take place in South West
Transport
Flight between Exeter and Newquay airports is part of £5m 2ZERO programme to demonstrate use of hybrid-electric aircraft
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National Grid buys Western Power Distribution in £7.8bn deal
Energy
The National Grid group also announced plans to sell stake in the º£½ÇÊÓƵ’s national gas transmission system
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New £1m loan scheme set up for South West eco-business projects
Environment
The innovative Natural Capital Demonstrator Fund has been launched by the HotSW LEP to help the economy and environment
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£100s of millions of property investment opportunities showcased at first online Derby City Embassy
property news
“The strength of Derby is measured by the strength of our economy – and Derby punches above its economic weight"
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Electronics firm plants 100 trees in a week as part of its commitment to sustainability
Professional Services
Axiom Manufacturing Services chose the flowering of cherry blossoms are symbolic of spring, renewal and the fragility of life and nature
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Gloucester Debenhams building to be redeveloped into university campus
Education
The department store chain brand was bought by online fashion retailer Boohoo in January
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Rockfish boss predicts post-Covid recovery for hospitality sector
Food and Drink
Mitch Tonks' has plans for new restaurants and an outdoor bar in Plymouth too as 'roadmap' provides confidence surge
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Pathway to world's first at-scale hydrogen production plant welcomed with Zero Carbon Humber bid
Engineering
Saltend Chemicals Park sets itself up to play integral role with arrival of Equinor as part of Net Zero quest
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Huge scale of South West retail closures revealed and worse is yet to come
Retail & High Street
PwC research says digital retail trends are behind growing number of store closures and predicts more pandemic woe for the sector
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Landmark North East arena development awarded £7m funding boost
Economy
The project to build a huge conference and events centre has been given the funding through the Getting Building Fund
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Hundreds of retail chain stores closed in Wales last year
Wales
The data from PwC doesn't include stores temporary closed due to Covid restrictions last year
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300 jobs set to be created at º£½ÇÊÓƵ's biggest cold storage site
Food and Drink
Cold storage specialist Magnavale has secured planning and funding for site off the A1 with capacity for 96,000 pallets
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Developer Treveth starts work on 600 homes across Cornwall
Construction
Firm begins works at site in Liskeard and says it will prioritise local people when renting its properties
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Cornish engineering firm to design and build revolutionary robot submarine
Engineering
Falmouth's Feritech wins backing for project to create world’s first autonomous subsea vehicle designed for geotechnical surveys
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Cheltenham shoe shop takes £50k in sales in online flash sale after social media training
Retail
Keith Scarrott Shoes’ managing director has said the platform had undoubtedly helped the business through the pandemic
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Uber drivers in º£½ÇÊÓƵ to get minimum wage and other benefits in move that could affect gig economy
Transport
The technology and transport firm says º£½ÇÊÓƵ drivers will get holiday and pensions after a court ruling that they should be treated as workers
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Bristol tech firm Graphcore named among º£½ÇÊÓƵ’s top scale-ups driving record investment into sector
Technology
Bristol placed third among the º£½ÇÊÓƵ’s tech hubs for securing investment
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Cornwall lithium drilling project receives £3m Innovate º£½ÇÊÓƵ boost
Technology
Scheme is one of four in South West and 19 nationally to be given backing for innovation to protect the environment and supercharge the economy
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£83m for roads, cycleways and landscaping at 3,000 home Fairham scheme just outside Nottingham
property news
Infrastructure cash will support 606 acre scheme which will also include a school, health centre, sports pitches and parks
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Our 25 Welsh export champions that are doing the business globally
Exports
The companies on the list are winning orders across the globe
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Theatre boss says audiences can book tickets with confidence as sector looks to unlock
Theatre
Chief executive of Theatre Royal Plymouth says support from Government and public has given cause of optimism on anniversary of closure
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Plans submitted to turn Leicester Highcross Debenhams into 300 inner city flats
Housing
Hammerson is working with PRS specialist Packaged Living to find a new life for the former Leicester department store
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Unite Students forecasts full occupancy and ‘rapid recovery’ in next academic year after posting big loss
Company Results
The housing provider said the outlook for the business was ‘strong’
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