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Economy
09:00, 9 FEB 2025
Port of Blyth celebrates 25 years' involvement in offshore wind sector
Climate Agenda
The port was also the home of the º£½ÇÊÓÆµâ€™s first demonstration offshore wind farm which was installed in 2000
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Average º£½ÇÊÓÆµ house price hits new record high
Housing
Halifax said there was a 'strong demand' for new mortgages and growth in lending
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Rolls-Royce-backed 3D printer project to be unveiled in 'º£½ÇÊÓÆµ first'
Technology
The £500,000 high-tech machine can operate at super speeds and has been 18 months in the making
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Bank of England expected to resume interest rate cuts
Economy
Most experts predict a quarter point reduction to 4.5%
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Leaders position West Country as º£½ÇÊÓÆµ's 'defence powerhouse'
Politics
'We can spread prosperity, boost industrial resilience and deter adversaries'
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Major project launched to shape the future of Hull city centre
property news
A public consultation on Hull City Centre Vision will take place over the next six weeks
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North East firms more optimistic about their own fortunes, despite waning confidence in the economy
Economy
Regional firms cited investment in staff, introducing new products and services and breaking into new markets as priority growth activities
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AstraZeneca halts vaccine plant expansion citing insufficient government support
Pharmaceuticals
The pharmaceutical giant said it was no longer pursuing a £450 million investment in a vaccine manufacturing plant in Merseyside after discussions with the Government
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Rate of Welsh business confidence has declined shows new Lloyds research
Lloyds
The overall business confidence level in Wales is lower than for the º£½ÇÊÓÆµ as a whole
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Plans to build £1bn visitor economy across Hull and East Yorkshire in next four years
Leisure & Touism
Visit Hull & East Yorkshire's master plan includes more national and international marketing
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Two major North East industrial schemes leap forward amid lettings and planning approvals
property news
Integra 61 has announced a significant letting to a listed business, while planning approval has been granted at a 'game-changing' Sunderland site
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º£½ÇÊÓÆµ government delays 'could threaten' AstraZeneca's new £450m vaccine facility in Liverpool
Pharmaceuticals
Last year it was reported that AstraZeneca was considering moving the manufacturing of its Covid-19 jab overseas amid a 'deadlock' in its talks with the º£½ÇÊÓÆµ government
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New Tyneside film production company launched to make blockbusters in region
Economy
Neil Marshall and Libby Walker have launched Nana Peg Productions and they have 'big plans for the North East'
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Big rise in distressed companies in Wales
Wales
The number of Wales facing trading challenges has risen by more than 32% on a year earlier
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Number of Yorkshire and Humber firms in financial distress surges in recent months
Economy
The latest Begbies Traynor Red Flag Alert research pointed to challenges across all sectors, but particularly food and drink and construction
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Wage growth picks up while Wales experiences another rise in unemployment
Economic Development
Wales has the lowest employment rate of any º£½ÇÊÓÆµ nation or region according to new figures from the ONS
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º£½ÇÊÓÆµ unemployment rate rises but pay growth picks up again
Economy
The ONS said the number of jobless people increased in the three months to November last year
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New Humber business survey results 'not pretty', Chamber says
Economy
The Hull and Humber Chamber’s quarterly survey for the last three months of 2024 lacked the optimism of its previous report
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º£½ÇÊÓÆµ start-ups at the forefront of AI adoption
Technology
For those firms not yet using AI, four out of five aim to adopt it within the next 12 months.
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'Concern and resilience' evident in latest snapshot of North East business landscape
Economy
Labour costs and availability are among the top challenges for the region's firms, the North East Chamber of Commerce finds
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Plymouth Argyle's Foulston Park community hub secures £2.2m
Business of Sport
The Brickfields site in Devonport is being redeveloped into a sporting centre of excellence and asset for the city
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Malaysian Prime Minister announces £2bn investment in º£½ÇÊÓÆµ's largest brownfield site
South West
The Brabazon development in Bristol will become a new '15-minute neighbourhood' of 6,500 new homes in a project inspired by Copenhagen
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Autumn Budget and cautious spending hit South West firms
Economy
But bosses are confident of a rise in business activity over the next year
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North East business activity surges in December, survey suggests
North East
The NatWest Growth Tracker has the region showing the highest business activity in the º£½ÇÊÓÆµ for the first time in more than four years
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