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New £136m EU-backed fund to help businesses in Wales grow

A new £136m EU-backed fund to give businesses in Wales access to finance to help drive their productivity and the growth of the Welsh economy has been launched by First Minister of Wales Carwyn Jones. Managed by Finance Wales, the Wales Business Fund will support small and medium sized enterprises (SMEs) to accelerate their expansion […]

Agreement to strengthen cross-border cooperation

A new agreement will see Scotland and the north of England agree to work closer together to improve transport connectivity. Infrastructure Secretary Keith Brown led a delegation of political, civic and transport chiefs in Newcastle where a Memorandum of Understanding was signed to enable a shared approach to achieving a transport network which will help […]

Putting a stop to public procurement boycotts

The government has published new guidance that aims to stop inappropriate procurement boycotts by public authorities. The guidance makes clear that procurement boycotts by public authorities are inappropriate, outside where formal legal sanctions, embargoes and restrictions have been put in place by the government. Town hall boycotts undermine good community relations, poisoning and polarising debate, […]

Cardiff asks Whitehall for £580m as part of City Deal bid

Local authority leaders in Cardiff are calling on the UK Government to contribute £580m of funding as part of its City Deal bid. The bid for the Cardiff Capital Region (CCR) has been finalised and will be presented to UK and Welsh government ministers and officials in the coming weeks. The Welsh government has agreed […]

City Deal Cabinet approves funding for drainage plan to allow building of 22,000 new homes

The Glasgow City Region City Deal Cabinet has approved £3.17million of funding towards the next stage of the delivery of the £46million Metropolitan Glasgow Strategic Drainage Plan (MGSDP), the creation of its full business case. The MGSDP – seen as an exemplar project in and beyond the UK through its partnership working on urban flooding […]

West Anglia Taskforce lays out track ahead

Track improvements to rail links between London, Cambridge and Stansted Airport would bring tens of thousands of new homes and jobs, and provide a real boost to economic growth. That was the message from the West Anglia Taskforce as they held a meeting with the Chancellor of the Exchequer to highlight the weight of demand […]

Record business rates predicted as devolution revolution kicks off

Councils across England are forecasting a record-breaking £23.5 billion income from business rates next year despite many small businesses paying no rates at all. Local Government Minister Marcus Jones said the increase – some £400 million – was down to rise in the number of new business across the country. In future councils that lead […]

The Small Business, Enterprise and Employment Act is here

The Act contains a number of measures which together represent significant change for companies and Companies House customers. The Small Business, Enterprise and Employment Act received Royal Assent in March 2015. It’s expected to be implemented to the timescales set out here. The measures that affect companies aim to: reduce red tape increase the quality […]

BCC: UK inflation set to remain low for foreseeable future

Chief Economist David Kern comments on the inflation figures for January 2016. Consumer Price Index rose by 0.3% in the year to January 2016, up from 0.2% rise in the year to December 2015 The main contributors to the small rise were motor fuels, food, and alcoholic beverages. This was partly offset by falls in […]

Funding for innovative South and West Wales regional health program announced

The Welsh Government has awarded £1.2m to support an innovative new collaboration in South and West Wales. A Regional Collaboration for Health, known as ARCH, is a partnership between Abertawe Bro Morgannwg  and Hywel Dda university health boards and Swansea University, which also includes local authorities, the Swansea Bay City Region Board and other key […]

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