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Economy

The £1bn impact of Welsh Water on the Welsh economy
Wales
The not-for-profit company's direct and indirect contribution has been revealed
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Bank of England hikes interest rate to 5% to reach highest level in almost 15 years
Bank Of England
The Bank's Monetary Policy Committee have voted to increase the base rate by 0.5% in a bid to bring inflation down
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Three North East businesses named among º£½ÇÊÓƵ's 100 fastest growing private companies
Economy
Opencast Software, Cleveland Containers and Additional Lengths have made this year's top 100
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Tech leader Martha Lane Fox calls for business resilience in face of 'huge challenges'
Chamber of Commerce
Baroness Lane-Fox was speaking at a meeting of the North East England Chamber of Commerce
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Fresh £400m Midlands Engine Investment Fund set for 2024 launch
SMEs
MEIF II will have three tiers – smaller loans of £25,000-£100,000, debt of £100,000-£2 million and equity up to £5 million
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Newcastle Building Society makes significant investment into branch premises
Finance
The Society has now acquired a 999-year lease for its branch in Hexham
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Sage urges Government to ramp up moves to a digital economy
SMEs
The Tyneside software giant has set out its Blueprint for Digital-led Growth to help strengthen the º£½ÇÊÓƵ Economy
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Next issues surprise trading update – and it’s not bad news
Retail & High Street
Good news on the high street as warm weather and pay rises fuel better than expected summer trading
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Consultation launches into £450m North East film studios plan
Creative & Digital
FulwellCain Studios, a joint venture between Cain International and entertainment company Fulwell73, is leading the Crown Works Studios plan
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North East tops growth charts for foreign direct investment projects
Economy
Analysis of 2022 project numbers comes amid calls from some MPs for the Government to be doing more to encourage overseas investors to the North
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Newcastle city centre improvement body aims for 'safer, greener' city in bid for re-election
Economy
NE1 is setting out plans for the next five years ahead of a vote in October over whether it should continue
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Revealed: The 2023 Top 200 Businesses in Derbyshire
Economy
Car giant again tops annual list put together by University of Derby Business School
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Green washing machines and tumble dryers help Marks Electrical sales edge closer to £100m
Company Results
Newly published results show marketing spend was 5 per cent of overall revenues
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Rise in º£½ÇÊÓƵ insolvencies blamed on issues such as inflation and lack of government support
Insolvency and Administration
The worst affected areas have seen a fivefold increase
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Revealed: The hundreds of millions that Premier League clubs spent on agents fees in 2022/23
Barclay's Premier League
Manchester City – who won the league, FA Cup and Champions League to gain a historic treble – spent £51.6m
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Region's growth stutters to lowest in England in May
Economy
Yorkshire and Humber now lagging behind national average according to latest barometer
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Rolls-Royce plans to near double size of Derby submarine reactor site and create more than 1,000 jobs
Employment
Major expansion needed to build reactors for a nuclear submarine deal struck between the º£½ÇÊÓƵ, US and Australia
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Revenues and profits up at Everards brewery as pubs recover from pandemic
Food and Drink
Everards manages more than 150 pubs and has a new brewery near junction 21 of the M1 outside Leicester
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Improvement in East Midlands manufacturing could be slowing, warns NatWest
Economy
'Inflation remained a key concern for firms and their expectations regarding future output levels'
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Welsh private sector see a contraction in output
Enterprise
NatWest has published its Wales business activity index for May
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New business falls in North East but inflationary pressures ease
Economy
The latest North East business survey from NatWest highlights a third month of expansion in May, however
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South West business confidence falls amid growth 'slowdown'
Economy
A survey by Natwest found firms in the region reported higher wage costs and concerns about the squeeze on customers' budgets amid the rising cost of living
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Future trends to watch from the return of the artisan to alcohol free nights out
Economy
I have selected 10 from Wunderman Thompson's future 100 trends
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Manufacturing employment in Wales remains resilient despite big º£½ÇÊÓƵ fall
Manufacturing
The GMB union has published new research on employment in the manufacturing sector from 2010 to 2022
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