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Economic Development

Bank of England hints at rate cut as inflation set to fall below target
Conservative Party
The Bank of England has kept interest rates on hold at 5.25% but hinted that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
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Bridgwater Carnival and Poole Museum awarded share of £2m cultural funding
Museums
A total of eight South West organisations received cash grants from Arts Council England
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North East mayor joins bid to attract investment at º£½ÇÊÓƵ REiiF event
Politics
Kim McGuinness will join political and business leaders hoping to woo investors at the event in Leeds later this month
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Average º£½ÇÊÓƵ house price could be £61,500 higher by 2028
property news
Savills cautioned that the market remains sensitive to short-term fluctuations however
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The Welsh firms winning King's Awards for Enterprise 2024
Economy
They include Cokebusters, Creo Medical, FRIO º£½ÇÊÓƵ Nodor International and Limb-art
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Labour's Richard Parker wins West Midlands Mayoral election
West Midlands
Mr Parker takes over the role from Conservative Andy Street who has been the mayor since the post was inaugurated in 2017
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º£½ÇÊÓƵ economic growth downgraded for next two years
Economy
The OECD expects Britain to have the weakest growth across the G7 group of major economies next year
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Gloucester's Blackfinch investing £11.1m in Glasgow housing scheme
property news
The homes are being constructed by property development firm Nixon Blue
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Plans submitted for job-creating County Durham lithium extraction plant
Employment
Weardale Lithium Ltd says the plant could create around 125 new jobs once it is fully operational
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Global Centre of Rail Excellence boosted with tie up with Spanish train maker CAF
Economic Development
The Welsh Government company behind the project said while fundraising for £400m is a challenge it remains positive.
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Solar panel firm secures £75m from Bristol's Thrive Renewables
Energy
The cash will be used to accelerate the roll-out of solar projects for businesses, schools and other organisations
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Campaigners fighting to make Bristol 'gender equal' urge major industries to get involved
Bristol
The Bristol Women in Business Charter says more 'male-dominated sectors' need to support the initiative
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New trains on a rail line that Welsh Government has spent £90m on despite it being a non devolved matter
Wales
The new trains on the line follows a £90m investment since 2008 by the Welsh Government despite it being a matter for the º£½ÇÊÓƵ Government.
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‘Toughest engineering job Manchester has seen’ - inside Salboy’s luxury tower as it plans city’s tallest skyscraper next door
North West
Developer co-owned by betting boss Fred Done says Viadux tower is more complex than it looks
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Business distress rising in Yorkshire and Humber areas, report says
Economy
The figures from the Begbies Traynor Red Flag Alert report highlight continuing challenges
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North West firms in distress rise by 33% in consumer squeeze
Economy
The information from the Begbies Traynor Red Flag Alert report highlights challenges in a range of sectors
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The power of skills - Growth Hub boss Janine Smith on helping Manchester businesses to grow and create jobs
North West
Big interview: head of business support organisation upbeat on Greater Manchester's prospects
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Welsh business confidence soars shows new ICAEW figures
Economy
The latest data shows confidence in Wales has reached its highest point for two years
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Elan Valley £21m tourism project boosted with Growth Deal outline business case approval
º£½ÇÊÓƵ Government
The Elan Valleys Project is being led by Welsh Water which said it will make a significant financial contribution towards it
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Battery storage developer secures £10m for expansion
Energy
Harmony Energy has 14 projects around the º£½ÇÊÓƵ including in North Devon and Wiltshire
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Grimsby Fish Sheds regeneration proposals could create 1,000 jobs
property news
The project would see the demolition of existing buildings and the construction of eight buildings offering commercial, community and industrial space
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CBI boss Rain Newton-Smith on EU ties and the challenges facing universities
CBI
On a visit to Wales the CBI director general said she is confident that membership levels will return to pre controversy levels, but will take time
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Manchester economy flat amid 'slow recession'
North West
Business confidence steady as firms continued to see rising costs
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North East business leaders regain confidence amid profit growth and fewer administrations
Economy
A survey of firms shows an encouraging start to the year though insolvency experts warn challenges still face some sectors
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