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Top story
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Chinese interest could spark further investment, says Taylor
The proposed takeover of Liverpool FC has taken a number of twists over the past week, with China Investment Corp still in the frame for a takeover. But irrespective of whether the deal comes off, the heightening awareness of Liverpool as an inward investment destination for Chinese businesses can only be a good thing for the city, according to Liverpool Vision’s investment director Mike Taylor.
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Deals
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Investors targeting technology and IT sectors
Biotechnology and IT are key targets for private investment, according to a survey by angel network Envestors. Twenty-nine per cent of respondents identified the two leading sectors from a list of 12 with the food industry and distribution the least favoured.
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Business
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Liverpool Day gets funding approval
Liverpool City Council has given the seal of approval to spending a further £380,000 on the city's presence at the World Expo in Shanghai. The additional cash will ensure that the proposed Liverpool Day can go ahead. The council's cabinet first approved the funding last month, but it was called in for review after objections from some councillors.
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£5m obesity conference for Liverpool
Liverpool Convention Bureau has won its bid to host the European Congress on Obesity (ECO) in 2013. About 3,000 delegates are set to attend the four-day event at ACC Liverpool which is expected to have an economic benefit of £5m.
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Corporate insolvencies continue to fall
Company liquidations edged up slightly between April and June this year but the number of businesses going under is well down on last year’s figures. These were the main findings from the Insolvency Service’s second-quarter figures.
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Property
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Liverpool secures £9m HCA grant
Liverpool has been awarded a £9.2m boost to build nearly 250 new homes. The Homes and Communities Agency (HCA) has approved a bid for four separate developments in the city’s regeneration areas.
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BSF schools get go-ahead
Fifteen school building projects in the North West that were at risk of cancellation have now been given the go-ahead by education secretary Michael Gove. Capital allocations for a further seven in the region will be decided in the spending review in October.
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Five In House businesses enter administration
Five companies owned by Warrington property investor In House Group, the former AIM-listed business, have gone into administration. Ernst & Young were appointed administrators by the Dunfermline Building Society after the group breached a loan agreement.
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