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Economic Development

Forget levelling up – Rishi Sunak has ‘levelled down’ the East Midlands by scrapping HS2
High Speed 2
Chamber boss says ‘latest embarrassing U-turn is another nail in the coffin for the Government’s levelling up mantra’
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Business leaders react to HS2's northern leg being scrapped by Prime Minister Rishi Sunak
North West
The Prime Minister told his party's conference the HS2 project's costs had 'more than doubled'
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FCA bans financial adviser over "grossly negligent" British Steel pension advice
Finance
Simon Hughes has been fined £158,600 and banned from holding a senior position in financial services
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Prime Minister Rishi Sunak prepares to scrap HS2's northern leg
North West
Several notable organisations – including Manchester Airports Group (MAG), the University of Manchester and Co-operatives º£½ÇÊÓƵ – signed a joint letter warning the Prime Minister he was risking the 'prosperity' of the North
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North East business group launches campaign to make region fairer place
Economy
The North East England Chamber of Commerce has set out a series of plans with hopes of seeing an impact in the next two years
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Proposal for £5 congestion charge in Cambridge abandoned
Economic Development
A proposed £5 congestion charge in Cambridge will not be taken forward amid a lack of political consensus.
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Wren Kitchens becomes a £1b business - and eyes more º£½ÇÊÓƵ market share after ramping up manufacturing
Company Results
990,000 sq ft Barton expansion seen as key to domestic progress as US venture continues at pace
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Crown Estate increases Celtic Sea floating offshore wind farm capacity
Climate Agenda
The overall capacity for the floating offshore wind farm has been increased from 4GW to 4.5GW
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Melanie Onn returns to renewables in the region as Westminster ambition still eyed
Energy
Humber Marine and Renewables strategic advisor role taken ahead of general election campaign start
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HS2's northern leg scrapped by Prime Minister Rishi Sunak: Updates and reaction
High Speed 2
Decision made after costs spiralled on high speed rail line from Euston via Old Oak Common
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Decorating specialist Bartoline records a loss after lockdown DIY success prior to sale
Company Results
Macroeconomic challenges outlined by MD as growth plan implementation continues
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Packaging firm seals strong start to new era after Ultimate acquisition
Company Results
ProAmpac bought out Ultimate Packaging in mid-2021
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Rolls-Royce, EDF and four other companies in next stage of º£½ÇÊÓƵ Small Modular Reactor competition
Energy
Government wants up to a quarter of º£½ÇÊÓƵ electricity to come from nuclear power by 2050
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HS2: Vast majority of business leaders want Prime Minister Rishi Sunak to keep northern leg
North West
Chancellor Jeremy Hunt has repeatedly said it is not the 'appropriate time' to announce whether to cut the northern leg of the high-speed rail project
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Malhotra Group pushes ahead with planned expansion after strong trading year
Company Results
The firm says investment is planned for the redevelopment of The Market Lane pub and into 1 Mosley Street aparthotel
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East Midlands business confidence heading the right way
Economy
The latest business barometer from Lloyds Bank Commercial Banking surveyed 1,200 businesses
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'The council is not the city' - Business leaders urge wider world to keep investing in Birmingham despite local authority's travails
West Midlands
BusinessLive canvassed opinion among key city business figures over how the fallout from the council's financial woes could impact the community
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BAE Systems to fund key careers work in East Yorkshire
Employment
Three-year partnership focused on enterprise co-ordinator role agreed with HEYLEP
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Floating wind farm plans need Stormont resumption to meet renewable energy targets
Northern Ireland
North Channel Wind said a wind farm off the Antrim and Down coasts could produce one gigawatt of electricity
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Seafood firms see cost of living bite as sales soften slightly
Company Results
Northcoast and Flatfish file results for 2022
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OLG welcomes new MD as growth returns to heavy engineering sector
Engineering
Bill Warbey, who has acted in an interim role since February, has been confirmed as managing director of the Immingham-headquartered business
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Sector body sets out tourism's billion pound contribution to Northern Ireland
Northern Ireland
Northern Ireland Tourism Alliance calls for further growth in overseas visitor numbers to maintain growth
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Severn Trent to invest £12.9bn in 7,000 jobs, fixing leaks and spills and meeting climate change demands
Employment
Water company wants to raise £1bn of that from the money markets
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Conservative Party Conference 'worth £20m' to Manchester's economy
North West
The annual event will take place from Sunday, October 1
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