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Top story
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Green light for Lancashire LEP – without Blackburn
A local enterprise partnership (LEP) has been given the go-ahead in Lancashire – but the partnership’s footprint will exclude the area covered by Blackburn with Darwen Council. Lancashire County Council leader Geoff Driver told Insider that communities secretary Eric Pickles confirmed the LEP status in a letter to him last night.
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Deals
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Britton Group sold to Sun European
Sun European Partners, the European arm of US private investment firm Sun Capital Partners, has bought Cheshire plastic packaging company Britton Group in a deal worth a reported £90m. The business has been sold by the direct principal investments division of HSBC.
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Loan fund to exceed £13m target
The new business loan fund initiative announced this week by Greater Manchester Chamber of Commerce and RBS/NatWest could be “significantly larger” than the expected £13m.
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AsiaEurope scores funding boost
Birkenhead sports management and events business AsiaEurope Football Group has secured funding to launch a national football competition.
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Business
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BIS sets up North West presence
A new government office has opened in the region – days after ministers closed the Government Office for the North West (GONW). The Department for Business, Skills and Innovation (BIS) has set up the Manchester base to work with local enterprise partnerships (LEPs) to help them understand “national policy priorities”.
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PZ Cussons reports challenging trading
Manchester soap and shampoo maker PZ Cussons this morning said trading remains challenging as a result of higher raw material costs and the ongoing political issues in Nigeria, one of its major markets.
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Bmibaby pulls out of Manchester
Budget airline Bmibaby has confirmed it will axe its services from Manchester Airport at the end of the summer.
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Property
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Date set for Altair inquiry
The Planning Inspectorate is to hold an inquiry into the Compulsory Purchase Order (CPO) Trafford Council needs to start work on the £100m Altair development in Altrincham.
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Chets celebrates topping out milestone
Chetham’s School of Music in Manchester will today celebrate the topping out of its new £36m building. Work started on the project in April 2010 and completion is expected early in 2012.
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Primeline swoops on Eagle Park
Industrial agency specialist Davies Harrison has secured an 18,664 sq ft letting at Canmoor’s Eagle Park in Warrington, having agreed a five-year lease with new occupier Primeline Distribution. The quoting rental level for the warehouse was £5.25 per sq ft.
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Other News
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Crystal Ball tracks three deals
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Unilever fined for price fixing
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Lenehan optimistic on Styles & Wood growth
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Torotrak secures £8m licensing deal
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