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Economic Development

BP buys into £7b Viking CCS South Humber Bank carbon capture and storage project
Industrial
Oil major invests big in energy transition in the Humber as it partners with operator
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Midlands universities launch new £250m investment vehicle
University of Warwick
Midlands Mindforge is aimed at boosting the commercialisation of spinouts and early-stage businesses rich in intellectual property
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Employers warming to four-day week if workers compromise on home working
Northern Ireland
Northern Ireland leaders more open to shortened week than º£½ÇÊÓƵ counterparts
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Inflationary pressures hit breakfast as Ulster fry price soars by 20%
Northern Ireland
Ulster Bank's bellwether measurement for the agri-food sector reflects an increase in a range of food stuffs
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NI Chamber: Business confidence soars as inflation pressures ease
Northern Ireland
An easing in energy costs has helped boost sentiment
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VPI to deliver 349MW rapid response power plants on Humber Bank as part of £500m investment go-ahead
Energy
Carbon capture and storage applications also made as it progresses to 'operational readiness' at Immingham plant
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Former football club CEO appointed to Ice Hockey º£½ÇÊÓƵ
Business of Sport
Henry Staelens will oversee all all performance aspects of the national governing body for the sport, headquartered in Cardiff
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Leonardo and Morson Projects extend helicopter engineering deal
Engineering
The Somerset-based defence firm said the agreement would enable it to support engineering projects and secure work across the º£½ÇÊÓƵ beyond its existing sites
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Royal Mint sees jump in gold investments amid wider market uncertainties
Wales
The coin maker said gold investments have been driven by Generation Z and Millennials
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Construction company signs deal for £500m University of Bristol campus at Temple Meads
Economy
Temple Quarter Enterprise Campus will welcome 4,600 students and 650 university staff in 2026
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Cameron Hall Developments and Jomast Developments join forces for major Wynyard project
property news
More than 800 homes are proposed in the scheme which would be the single largest development in Wynyard Village's history
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Bangor shopping centre acquired by Welsh retail developer
Retail & High Street
Bearmont Capital has purchased The Menai Centre for an undisclosed sum
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Business leaders call for 'decisive action' over TransPennine Express contract as concerns grow over impact to region's economy
North West
TransPennine Express' contract is due to expire at the end of May
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Government funding keeps City of Derry-to-Stansted air route flying
Northern Ireland
Department of Transport and NI Department of Economy will subsidise the route to the tune of £1.1M for next year
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Proposed North East devolution deal backed by regional Chamber
Economy
Chamber of Commerce wants new mayor to prioritise investment in transport and skills
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Latest Spring 2023 Movers and Shakers in the East Midlands
Appointments
Changes at Rolls-Royce, Wilkin Chapman, Rowleys, PermaRock, 200 Degrees and Junction Arts
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Business confidence in the South West rises for the first time in 2023
Lloyds
Across the º£½ÇÊÓƵ, business confidence has reached its highest level since May last year, according to a report from Lloyds Bank
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Notts County announces sudden death of its CEO Jason Turner, aged 50
Business of Sport
Mr Turner was described as 'an outstanding CEO who was respected across football'
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Metro rail project needs to do more for Cardiff says Welsh Conservatives
Transport
Shadow Transport Minister Natasha Asghar has raised concerns over the cost of the electrification project now at £1bn
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Accountants' body calls for restoration of devolution to tackle business challenges
Northern Ireland
Chartered Accountants Ulster Society said businesses are ready to help politicians get the economy back on an upward trajectory
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New Jet Zero proposals welcomed by team behind Humber's sustainable aviation fuel refinery
Climate Agenda
Velocys CEO responds to announcement included in raft of new energy strategies, policies and frameworks
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Councils vote in favour of East Midlands Devolution – now it’s up to Government to say yes
Local Government
Election of a regional mayor covering Derbyshire, Nottinghamshire, Derby, and Nottingham could take place in May 2024
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Property developer Andrew Osborne, 57, rows Atlantic in memory of daughter Amy
Commercial Property
Andrew Osborne’s daughter Amy died in her sleep in 2017 at the age of 25 from an undiagnosed heart condition
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Labour shortages challenge North East companies but confidence remains
Economy
RSM economist Tom Pugh was in Newcastle this week to speak to North East businesses
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