North West Leaders Hail £270m Devolution Funding Plan
Chancellor Rachel Reeves announces a roadmap for fiscal devolution, with Manchester and Liverpool receiving £270m in funding to boost regional growth and economic opportunities.
Category : Economic Growth
Swindon's Investment Boom: 30 Firms Eye Move, Jobs Surge
Swindon Borough Council reports 30 companies in active talks to relocate, potentially creating thousands of high-quality jobs, with drone manufacturers and higher education hubs leading the charge.
Welsh Equity Investment Deals Fall 53% in 2025
British Business Bank research shows a sharp decline in equity deals and business numbers in Wales, contrasting with modest growth in other UK regions.
Octopus Energy Announces Bill Reductions from April
Energy giant Octopus Energy is contacting customers to inform them of significant bill reductions starting April 1, 2026, following government intervention that will save typical households £117 annually.
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Banair Acquires Powys Land for Military Bridge Testing
Defence company Banair has purchased two plots at Wyeside Enterprise Park in Powys from the Welsh Government to develop and test its lightweight aluminium vehicle bridging system, creating up to 30 jobs.
India-North England Summit to Boost Trade as New Deal Nears
The India North England Opportunity Summit will celebrate growing business ties and mark a year since the Indian consulate opened in Manchester, urging exporters to seize opportunities under a new trade agreement.
West Yorkshire Approves £230m Economic Boost Package
West Yorkshire Combined Authority has agreed a £230 million funding package for projects across Leeds, Bradford, Calderdale, Kirklees and Wakefield, focusing on transport, business growth and housing development to stimulate the local economy.
UK Economy Posts Zero Growth in January 2026, Data Shows
New GDP figures reveal the UK economy showed no growth in January 2026, with production falling and construction rising slightly. Experts warn of serious recession risks and looming impacts from the Middle East crisis.
Developer Deal Imminent for Plymouth Freeport, Boosting Defence Growth
An internationally renowned developer is close to signing a deal to rebrand and market Langage Energy Park as the premium employment site in the south west, capitalising on Plymouth's defence-led growth and attracting further investment.
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North East Firms See Major Profit Surge from AI Adoption
A new Lloyds Business Barometer survey shows 42% of North East businesses reported higher profits due to AI, with 32% seeing increases of 11% or more, highlighting AI's role as a key growth driver.
Welsh Government Invests £8m in Deep Water Turbine Firm
The Welsh Government has invested £8 million in Swansea-based Marine Power Systems to commercialise its deep water wind turbine platform technology, supporting high-value jobs and net zero goals.
Plaid Cymru's 100-Day Economic Plan for Wales
Rhun ap Iorwerth outlines Plaid Cymru's ambitious economic strategy, including a Wales-wide skills audit, increased local procurement, and a new national development agency to streamline business support.
Barrier Group Investment Fuels £100m Turnover Goal
Tyneside industrial services firm Barrier Group has secured significant backing from FW Capital and Lloyds to support its growth strategy, aiming to double turnover to £100m within five years.
Birmingham Beats Prague and Copenhagen as Fastest-Rising City
Birmingham has been ranked as one of Europe's fastest-rising cities in a new study by ING, climbing two places to surpass Prague, Oslo, Copenhagen, and Rotterdam in online visibility and reputation.
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Birmingham Among Europe's Fastest Growing Cities
Birmingham has been named one of Europe's fastest growing cities, climbing two places in a new study. The report highlights its vibrant culture, civic identity, and future ambitions, placing it ahead of Prague, Oslo, and Rotterdam.
Liverpool Launches £2bn Fund to Boost Regeneration
Metro Mayor Steve Rotheram unveils a £2bn investment fund at MIPIM to accelerate regeneration, unlock stalled sites, and attract billions in private investment across Liverpool City Region.
Welsh Lib Dems Call for Dedicated Industrial Strategy
The Welsh Liberal Democrats urge the next government to implement a distinct industrial strategy to support heavy industry and manufacturing, which constitutes 15% of Wales' economy, addressing challenges like energy costs and skills shortages.
Blackton Grange Wedding Venue Gets Funding for Growth
A wedding venue and holiday homes business in the North Pennines, run by twin sisters, has received a five-figure loan to boost its marketing and brand growth.
Starmer: UK Economy at Risk from Extended Iran Conflict
Prime Minister Keir Starmer warns that the longer the Middle East conflict persists, the greater the economic risk to the UK, despite current resilience. Oil prices surge above $100 a barrel, impacting markets and inflation forecasts.
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Liverpool Heads to MIPIM to Pitch £11bn Investment Opportunities
Liverpool City Region leaders are promoting a £10bn growth plan and major projects like North Docks regeneration at the global property forum MIPIM in Cannes, seeking long-term investment partners.
Birmingham East MDC to Unlock Billions in Investment and Jobs
A new Mayoral Development Corporation in Birmingham East aims to attract billions in investment and create tens of thousands of jobs by streamlining major regeneration projects.
Swansea Giftware Firm Eyes £6m European Sales Boost
Something Different Wholesale aims to double European sales to £6m within two years through new language websites, trade show presence, and Dutch operations, supported by Welsh Government programmes.
Welsh Economy Needs Productivity Focus and Entrepreneurship Mission
A detailed analysis calls for the next Welsh Government to prioritize productivity, entrepreneurship, and business support to transform economic outcomes and create sustainable growth across Wales.
Liverpool Funding for Office, Lab, and Industrial Growth
Liverpool City Region Combined Authority announces new funding to accelerate development of Grade A offices, lab space, and industrial units to meet market demand and support economic growth.
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Northern Lithium to Raise £3m Before £30m Fundraising
Northern Lithium plans to extract lithium from Ludwell Farm in County Durham, aiming to raise £3m now and £30m later this year to boost UK domestic production and reduce reliance on imports.
North West Leaders Cautious as Reeves Defends Economic Plan
Business leaders across the North West remain cautious following Chancellor Rachel Reeves' spring statement, warning of insufficient measures against potential oil price shocks and Middle East turmoil despite government confidence in its economic strategy
UK Economic Growth Downgraded to 1.1% by Chancellor
Chancellor Rachel Reeves announces in the Spring Statement that the OBR has downgraded UK economic growth for 2026 to 1.1%, with forecasts adjusted for future years.
Brits £1,000 Better Off Yearly by 2029, Reeves Says
Chancellor Rachel Reeves has declared in her Spring Statement that UK citizens will be £1,000 better off per year by the next election, citing GDP growth and falling inflation as key drivers.
Private Sector Decline, City Services Growth in CBI Survey
The Confederation of British Industry reports private sector activity is expected to contract, but business and professional services in the City are set for their strongest quarter since 2024.
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Cardiff Fund Backs Energy Firm Sero's Growth Plans
The Cardiff Capital Region's £50m equity fund has invested in energy innovation company Sero, which aims to improve energy efficiency in thousands of homes across the UK.
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