In this week’s budget, the government announced funding of over £10m for the ground-breaking project that will modernise the Office for National Statistics (ONS) to produce more innovative, precise and timely statistics. This will be part of an overall £17m investment, which includes additional ONS funding. Based at ONS in Newport, the new Data Science Campus and Economics Centre of Excellence […]
£50m of Scottish Government investment in charitable bonds over the next two years will provide support for almost 1,000 new homes. Four housing associations will benefit from this year’s £25m bonds – Kingdom in Fife, Eildon in the Borders, Orkney and Ayrshire. A further £25m is earmarked for 2016-17. The bonds, issued by Allia, a […]
A new state-of-the-art community hub in Cardiff will provide free internet access, a new library, and housing, benefit and employment advice, all under one roof. This was the message from Communities and Tackling Poverty Minister, Lesley Griffiths, as she officially opened Grangetown Community Hub today. The Hub forms part of a wider regeneration programme in […]
Economy, Science and Transport Minister, Edwina Hart, will officially launch the start of building work on the new £57.3m Eastern Bay Link Road in Cardiff during a visit to the construction site on Thursday 17 March. Once complete the new dual carriageway will provide a more direct route between the east of the city (Roverway) […]
Economy Minister Edwina Hart has on 17 March announced the establishment of the Port Talbot Waterfront Enterprise Zone to help create economic growth and jobs for the area recently hit by steel job losses. The Enterprise Zone status will offer financial incentives to companies based there, including tax and business rate breaks, and was one of […]
The Chancellor has presented his Budget to Parliament – below is a summary of what was announced. 1. A surplus by 2019-20 – This year the deficit will have been cut by almost two thirds from its peak. Over the next 4 years, the deficit will have been eliminated and the government will be running […]
A £1.2bn City Deal to unlock significant economic growth across the Cardiff Capital Region (CCR) was formally signed on 15 March. Over its lifetime, local partners expect the City Deal to deliver as many as 25,000 new jobs, and £4bn of private sector investment across the region. The ten leaders of the local authorities in […]
The CMA has published its priorities for 2016/17 which focus on delivering real benefits for consumers, businesses and the UK economy. The Competition and Markets Authority (CMA) is entering its third year and the annual plan commits the authority to helping markets work well through the enforcement of competition and consumer law, undertaking market studies and investigations […]
On Wednesday 16 March 2016, Chancellor George Osborne will deliver his fourth budget summary in the last 12 months – but what can businesses expect to see in his latest fiscal review? And furthermore, what are the UK’s biggest business groups hoping for? In advance of tomorrow’s budget, the Chancellor has signalled tough times ahead […]
A £24m EU-backed investment in a world-leading energy research scheme at Welsh universities was announced on 14 March by Welsh Government Finance Minister and Government Business Minister, Jane Hutt. The FLEXIS five-year research programme, supported by £15m of EU funds and led by Cardiff University, will investigate how flexible energy systems can meet modern-day energy […]
