Liverpool's city region bid must wait until autumn
The Liverpool city region's bid will not be among the first batch of multi-area agreements (MAA) to be approved by government. Communities secretary Hazel Blears is today expected to confirm the first seven city regions - including Greater Manchester - to be empowered with MAAs, cross-boundary funding deals that enable groups of councils to pool funding streams to spend on city region-wide priorities. MAAs will give city regions more weight in negotiations with bodies like the Highways Agency and Network Rail, but Merseyside will now have to wait until the autumn to progress its plans, which include the formation of a super-cabinet across its six local authority areas.
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Laird of the manor
Peel Holdings has issued a progress report on Cammell Laird, revealing that since buying the yard 18 months ago it has invested £300,000 in clearance and repairs. Northwestern Shiprepairers and Shipbuilders, which Peel part owns and will soon rename as Cammell Laird, has doubled in size since moving back to the yard and has £50m of orders, while fellow tenant Thurston Building Systems has increased its workforce by 220 per cent over the past three years with over 100 staff now employed.
Broking in Newton
Newton-le-Willows celebrated the opening of the town's first stockbroking business on Friday when the office of financial services company Edward Jones was launched. The office is run by stockbroker and financial adviser Andrew Harrington and is one of the firm's 275 UK affiliates, serving individual investors and small businesses with a range of investments from shares through to life insurance products.
New chief for Phil
Michael Eakin, executive director of Arts Council North West, has been appointed chief executive of the Royal Liverpool Philharmonic and will take up his role on 13 October. He took up his Arts Council role in 2001, with responsibility for building funding, strategy and partnerships in the region. In his new role he will have responsibility for providing leadership, management and strategic development of the Philharmonic, securing its interests on a regional, national and international basis and ensuring the long-term success of the organisation.
Bradford and Salford team up with BBC
As businesses across the region gear up in the hope of lucrative contracts when MediaCity comes on stream, the BBC has signed up with the University of Bradford as a formal education partner on the Salford Quays project from 2011. The university will help the BBC identify new talent, train staff and organise live project briefs. Meanwhile, the University of Salford has become the first higher education institution in Greater Manchester to sign a partnership agreement with the BBC ahead of its move to MediaCity in 2011. The agreement will include new joint courses such as BSc Digital Broadcast Technology, enterprise training for Salford undergraduates and student placements in the corporation, which will employ 2,400 people in Salford Quays.
More gloomy predictions but North West bucks trend
As the ripples of the credit crunch spread through a range of business sectors, research released by Ernst & Young today reveals that UK plcs have seen profit warnings for the second quarter of 2008 hit 98, the highest second quarter figure since 2001. But in the North West the number of profit warnings issued by plcs more than halved - from 11 issued in first quarter to only four in quarter two. Unfortunately, private sector output in the North West declined for the first time in almost three years in June, according to The Royal Bank of Scotland's (RBS) latest PMI Business Survey Data, also out today. "Businesses are under pressure from falling new orders and rising input cost pressures," said RBS economist Philip McKinnon.
Spanish serenade for A&L
Alliance & Leicester (A&L), which was last month given the go-ahead to start work on a major redevelopment of its Bootle site, this morning confirmed it has received a takeover approach from Spanish banking giant Santander, which also owns Abbey. Shares in A&L soared this morning on news of the offer, which values the bank at around £1.3bn.
Huntsmere finds partner for Victoria Street
Liverpool developer Huntsmere has brought on board a joint venture partner as it seeks to make its scheme at the junction of Crosshall and Victoria Streets a reality. Vision Developments, a new vehicle headed by ex-Ask man Stephen Cliff which is backed by Irish investor Morgan Leahy, is the new partner. The site, formerly marketed as Aura, has planning consent for apartments and offices, but will be reworked and rebranded into a scheme comprising 40,000 sq ft of offices, 30,000 sq ft of owner-occupied office suites and a 50-bedroom boutique hotel.
Dixon Webb moves office
Agency Dixon Webb has moved its Warrington office to Sutton Weaver. The practice continues to operate from Chester, Liverpool and Whitehaven, but has left its former base at Palmyra Square Chambers.
Land deal sealed for Cumbria leisure park
The Derwent Forest leisure project is a step closer after Allerdale Borough Council and Cumbria County Council agreed terms with the Ministry of Defence on the acquisition of the former Royal Naval Armaments depot at Broughton Moor. The Northwest Regional Development Agency, which brokered the deal, will cover the cost of site maintenance and security for three years and assist in marketing it to private developers.
Dates for your diary this week
ACC Liverpool plays host to the National Business Awards regional finals for the North West and North East on Thursday night. And Wednesday afternoon brings the Wirral & Chester Business Fair to Leasowe Castle in Moreton, which includes free business seminars and clinics. Head down to the docks on Friday afternoon to watch the Tall Ships arriving – and if you’re very lucky you may have an invite to the Hill Dickinson barbecue on board the Dar Mlodziezy. And if you’re into the nautical theme, Business in the Arts’ Bravo Awards takes place on Wednesday on board Walk the Plank’s Theatre Ship, berthed at Canning Dock. The event celebrates the best partnerships between business and culture and the people who work in both sectors.
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