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Economic Development

West Midlands Railway to launch new fleet of trains
West Midlands
A total of 26 brand new trains will come into service in the coming weeks
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Leicester-based property investor starts installing EV charging across its £665m buildings portfolio
Energy
Custodian REIT is also investing in on-site carbon reducing technology, infrastructure and onsite renewables
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Fifth annual Leicester Design Season under way
Creative & Digital
City has a history of design, architecture and textiles
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Eight sites put forward for Investment Zone status by North East Lincolnshire Council
The Budget
All major development areas included as deadline falls on the day of second major mini-budget u-turn
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Northern Ireland supplier Power NI cuts electricity bills by 10% under price guarantee scheme
Northern Ireland
The move comes despite a recommendation by the Utility Regulator that the suppliers prices should climb by 60% in light of soaring wholesale prices
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Two County Durham sites lined up for potential Investment Zone status
Economy
The sites could be given lower business taxes and time-limited tax incentives over a ten-year period
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In Pictures: 2022 LeicestershireLive Business Awards
Leicestershire Live Business Awards
The evening was hosted by TV presenter and magician Ben Hanlin
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Liz Truss confirms scrapping of corporation tax rise in latest mini-budget U-turn
Economic Development
It comes after Jeremy Hunt replaced Kwasi Kwarteng as Chancellor
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Jeremy Hunt named new Chancellor after Kwasi Kwarteng sacked
Economic Development
It marks a return to frontline politics for the former health secretary
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Kwasi Kwarteng no longer Chancellor after mini-budget fiasco
Economic Development
Mr Kwarteng flew back from Washington early today and was driven straight to 10 Downing Street to meet with Liz Truss
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Key player in global space race moves to Leicester
Technology
Team is working on fission power to help us reach previously inaccessible regions of space
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Welsh farming unions welcome £161m early payment scheme for farmers
Welsh Government
More than 15,000 Welsh farms will benefit
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Restore Executive to stem waning Northern Ireland business confidence, says NI Chamber
Northern Ireland
NI Chamber said Stormont return would help ease pressure on companies at a crucial time
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Recruitment and retention consultancy Macildowie acquires Signet Resources
Deals
Signet’s team, led by MD Nicky Pusey and director Vanessa Pegg, will join Macildowie Group’s 75-strong workforce
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South West financial services sector sells £5bn of business overseas in one year
Finance
The region has seen a surge in financial services exports over the last decade, according to a new TheCityº£½ÇÊÓƵ report
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The winners are revealed at the 2022 LeicestershireLive Business Awards
Leicestershire Live Business Awards
Rutland Hall Hotel & Spa, The Access Group and creative agency Cite among big winners on the night
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º£½ÇÊÓƵ shop fit-out specialist which has supplied Christian Louboutin and Lanvin goes into administration
Insolvency and Administration
Staff being helped with ‘statutory entitlements’ at what has been called ‘difficult time’
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V for Viking - South Humber Net Zero project renamed to emphasise carbon capture role
Climate Agenda
Harbour Energy's huge South Humber project has a new name
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Wessex Water joins major South West hydrogen group
Economy
The utilities business has joined big firms in the region such as Airbus, GKN Aerospace, Bristol Airport, airline Easyjet and Bristol Port as part of efforts to decarbonise industry and drive regional growth
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Inflation continues to ratchet up pressure on North East businesses
Economy
Results of the latest North East England Chamber of Commerce quarterly survey show utilities, labour and fuel costs are among the main concerns
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High street and travel store sales helps Boots offset slump in pharmacy sales
Pharmaceuticals
Impairment charges for º£½ÇÊÓƵ operation helped drag US parent firm Walgreens Boots Alliance to significant loss
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Cleethorpes venue banking on cocktails in customer-led switch from bar/restaurant to club vibe
Retail & High Street
The Counting House opened in former HSBC more than five years ago serving food and drinks
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Urban Splash "committed" to £750m Swansea regeneration project despite wider market challenges
Swansea Bay City Region
The regeneration firm said it is "taking a cautious approach to new development activity"
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Walkers crisps investing £14m to roll out more sustainable packaging
Food and Drink
The business is also planning to trial recycled plastic snacks bags
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