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Top story
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Trio of West Mids LEP proposals discarded
Gaping holes have been left across the West Midlands as three of its LEP submissions were rejected. Business secretary Vince Cable shocked the region yesterday by dismissing submissions from the Black Country, Worcestershire and its districts and Business Voice West Midlands. George Lord, chairman of the Worcestershire Leaders' Board, said his organisation was “disappointed and surprised” at the government’s decision.
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Deals
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Premier takeover for Regent
Contract cleaning provider Regent has diversified into the security services market with the acquisition of Leicester-based Premier Security Services. Regent, headquartered in Coventry, is owned by French parent company Samsic.
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Wragge advises €3.6bn German deal
The Birmingham office of Wragge & Co has advised on two multi-million pound deals. The firm advised a German pharmaceutical wholesaler on its €3.6bn refinancing and Smiths News on a £135m banking facility.
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Public sector firms will merge to save costs, says survey
More than half of public sector organisations will seek to save costs through restructuring, mergers and consolidation over the next year. That’s according to a survey from finance and business adviser, Grant Thornton.
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Property
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Warwick targeted for £6m recycling plant
A materials reclamation facility (MRF) worth £6m is to be constructed at a new recycling centre in Warwick. Once complete, the MRF is expected to sort 39,000 tonnes of material each year.
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Longbridge residents to discuss regeneration
Regeneration specialist St Modwen is inviting members of the public to a consultation event for its proposed town centre development in Longbridge. The refurbishment will form part of the £1bn regeneration of the town.
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St Mods secures Cooper Crouse-hinds letting
Cooper Crouse-Hinds, the world’s largest manufacturer of electrical products, has relocated its midlands office to St. Modwen’s Whitley Business Park in Coventry.
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Business
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Radical approach will deliver growth, says Clegg
The government has outlined its plan for promoting economic growth across England and helping those that have been hit hardest by the public spending cuts. As business secretary Vince Cable confirmed that 24 LEPs in England had been accepted, deputy prime minister Nick Clegg launched the £1.4bn regional growth fund. Speaking to Insider, Clegg described the government’s actions as “a radical new approach”.
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Birmingham businesses enter the fishbowl
Three entrepreneurs from Birmingham have been selected to take part in a ‘webumentary’ project. The three fledgling businesses will feature on inafishbowl.com, profiling the growth of their businesses over the next six months.
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