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Economy

Network Rail says 'no alternative' to second west coast line
Network Rail
Letter from head of Network Rail to Department for Transport says the public body had been warning since 2009 that capacity issues needed addressing on the West Coast Main Line
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Bristol's old AstraZeneca manufacturing site Avlon Works put up for sale
Pharmaceuticals
Avlon Works had been in operation for 50 years when it was closed in 2019
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Sacha Lord welcomes business rates cuts - but says ‘we need to go further’ to support night time economy
Economy
The Treasury announced plans to slash business rates by £1,000 for small pubs in a move that it claimed could benefit up to 18,000 pubs across the Ƶ
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Plans to launch new bank in Newcastle as GBB applies for banking licence
Economy
Senior executives from a number of banks are working for the company that aims to support development in the regions
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Stadler wins £362m contract to build new Tyne and Wear Metro fleet
Transport
Nexus has announced the Swiss manufacturer as the successful bidder for the £362m contract to create its new metro trains
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A growing number of Leicester businesses are in “significant financial distress”
Professional Services
Slow economic growth at the end of 2019 saw rising number of firms across the county and city of Leicester in difficulties
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Currys commits to 10 year city lease as other Ƶ retailers haemorrhaging thousands of jobs
Retail & High Street
It comes as new research shows 143,128 jobs were lost in Ƶ retail last year and 16,073 shops closed their doors
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MEIF recruits FSE to run new £40m debt fund
Finance
Midlands Engine Investment Fund now has eight separate funds to help SMEs across the region access new finance and grow
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Trade mission aims to tap into Singapore health market
Economy
Department for International Trade North East is looking to provide a gateway into lucrative foreign markets
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Signature Private Finance undergoes £16.8m MBO
West Midlands
Solihull-based property finance firm secures private equity backing from Foresight group to embark on next chapter
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Town centres across Wales to share in £90m funding boost
Retail & High Street
The additional funding has been announced by Welsh Government minister Hannah Blythyn
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Big rise in number of North East companies in distress
Economy
Surveys from insolvency experts Begbies Traynor and accountants KPMG highlight rising problems in various sectors     
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Local Growth Fund has helped generate £3.5 billion of growth in Leicestershire, says report
East Midlands
The fund is there to kickstart new homes, business space, support high quality skills and training, and improve transport
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Business leaders urge Prime Minister to 'deliver HS2 all the way'
High Speed 2
Midlands and northern business leaders sign letter to Boris Johnson calling for the complete development of high-speed rail line
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Top 150 companies in West of England named in Western Daily Press Business Guide 2020
South West
The Western Daily Press Business Guide 2020 was launched at Aerospace Bristol
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Next phase of Manchester Science Park masterplan gets approval
property news
It follows the successful development of the Bright Building which is now fully let to 24 digital technology businesses
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HS2 risk and complexity 'were underestimated' says spending watchdog
High Speed 2
New report published today by the National Audit Office says the costs of the high-speed rail project remain uncertain and could yet change
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Yu Energy planning to create more than 200 jobs at new Leicester sales and innovation base
East Midlands
Notts-based Yu Energy investing millions in Leicester's Waterside regeneration area
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Confidence of Coventry and Warwickshire businesses increases
West Midlands
Firms in both the service and manufacturing sector were more positive according to the latest chamber survey
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Welsh construction sector more upbeat than the Ƶ as a whole
Construction
New research from the RICS shows growing workloads and activity
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Former inner city clothing factory could be demolished and replaced with flats and shops
Housing
Factory in St Matthew’s, Leicester could be demolished to make way for new accommodation and ground floor shops
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Leicestershire LED specialist helps light up Sheikh Abdullah Palace in the Middle East
East Midlands
Leicestershire firm won brief to provide an all-in-one lighting effect within the palace’s leisure facility
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New international strategy for Wales lacks small business focus says the FSB
Federation of Small Businesses
New strategy was launched by Minister for International Relations Eluned Morgan
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Northern Power Women names 100 new role models
People
Organisation dedicated to equality across the North of England releases its annual Power list and Future list
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