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Economic Development

Leicester Mayor says city is open and ready to do business as eighth Leicester Business Festival launches
Economy
Sir Peter Soulsby said despite the cost of living and energy crises facing the city, there was still a lot to be positive about
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Advisors Lazard given five weeks to find Britishvolt gigafactory buyer, reports claim
Automotive
Reports follow comments made by the Business Secretary over Government’s refusal to allow Britishvolt to draw down funds
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Controversial new 20mph speed limit could save Wales £100m in first year
Welsh Government
The Welsh Government is introducing a default 20mph speed limit on restricted roads across Wales in September 2023
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Battery recycling firm Altilium Metals charges ahead with plans for North East plant
Automotive
Altilium Metals' plans could create hundreds of jobs, as well as a key component of new batteries
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November 2022 East Midlands movers and shakers
Appointments
News from Actons, Lawson West, Smith Partnership, Marchini Curran Associates, NG and others
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East Midlands Chamber names its 2022 Leicestershire businesses of the year
Chamber of Commerce
Comedian Patrick Monahan hosted ceremony at Leicester City FC’s King Power Stadium
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Significant proportion of mid-sized Yorkshire firms plan restructures to combat costs
SMEs
Research from Grant Thornton suggests waning confidence among Yorkshire businesses
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Leicester Business Festival gets underway on November 4 – here’s how to find what’s on
SMEs
This year’s festival runs until November 18 at businesses and venues across the city and county
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CMA says merger of pastry makers Cerelia and Jus-Rol could push up prices and reduce quality
Food and Drink
The CMA has given both companies until November 25 to give their response to the provisional findings
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Work starts on 'move-on homes' scheme for homeless people in Dorset
Housing
The development in Poole is scheduled to be complete by next August, according to the contactors
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Interest rate rise 'further headache' for business, says British Chamber of Commerce
Economy
The Bank of England has increased the base rate to 3% in a bid to ease º£½ÇÊÓƵ inflation
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East Midlands creative businesses in line for £1.2m funding
Creative & Digital
Cash will helps creative sectors grow in Leicester and Leicestershire, Derby and Derbyshire, Rutland and Greater Lincolnshire
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Green light for new £95m HS2 car park
West Midlands
Planners back multi-storey project in Solihull which will support the new Interchange station
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Over £100K BEIS funding for Wrexham firm in bid to switch from diesel to hydrogen power
Climate Agenda
If successful, it could pioneer fuel switching to help all º£½ÇÊÓƵ industries transition to net zero
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Takeaway and building supplies bosses disqualified after falsely claiming tens of thousands in Bounce Back Loans
Crime
Business owners 'completely abused the government-backed loans to further their own interests'
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With interest rates at 3% and fears of longest recession in 100 years, PM urged to get business basics right
Finance
Chamber boss: 'Investment intentions... are lagging significantly due to the low confidence affecting many firms right now'
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Interest rates up to 3% as Bank of England bids to tackle cost of living crisis and warns of long recession
Economic Development
Rise from 2.25% to 3% had been widely expected and is biggest since 1980s
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E-scooter firm Voi removes Russian investors as shares sold
Politics
The West of England’s metro mayor previously warned the Swedish firm it could lose out on the operating contracts for Bristol and Bath’s e-scooter hire schemes unless it ended ties with Russian shareholders
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Pembroke net zero centre could add millions to Welsh economy and create thousands of jobs - report
Climate Agenda
RWE plans to build the new net zero centre at Pembroke Power Station by 2040
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Centrica and Equinor sign agreement for East Yorkshire hydrogen hub
Energy
The energy giants have joined forces to explore low-carbon hydrogen production
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Raleigh launches limited edition of classic 80s Tuff Burner
Retail
Raleigh said the BMX – retailing for £600 – is a near exact replica of the original Mk1 version
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Welsh construction expected to slow down for first time since height of pandemic
Construction
Inflation, a lack of material resources, and lack of labour are impacting hard on the sector
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Pet supplement maker Custom Vet Products sold to Swedencare in £10m-plus deal
Deals
Hoped deal will bring 'fantastic opportunities to expand more rapidly into the º£½ÇÊÓƵ and European markets'
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Jobs saved after Boss Brewing sold out of administration in pre-pack deal
Deals
The Swansea-based brewery employs eight members of staff - the buyer has not yet been named
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