A subsidiary of North West property giant Peel Holdings has rescheduled the terms of its debts and is looking to raise £50m. Peel Land & Property Investments has achieved an extension of a deadline to payback debts, which were due next April, until 2040. Peel Land & Property Investments has also been re-registered as a plc to allow it to issue debenture stock on the professional securities market. The company said the £50m raised would be used to pay short-term debts. Peel Land & Property Investments is part of Peel Holdings (Land and Property) which controls the group’s assets in the North West, including the Liverpool Waters and Wirral Waters schemes.

Terrie Johnson, the founder of Wirral-based Fruit to Suit, has won the social entrepreneur award at the annual Inspiring Women awards, held at the Midland Hotel in Manchester last Friday. Fruit to Suit operates healthy tuck shops in schools and has franchisees operating in Essex, Kent, North Wales, South Wales and Wirral. Manchester City Council’s Dominique Whittington won the public sector award, while Jane Davies, the chief executive of Manchester Science Park, won the business accolade.

Merseyside training provider Scientiam has urged the new government to redouble efforts to tackle spiralling levels of youth unemployment. The organisation, which has offices in Birkenhead, Liverpool, Runcorn and Warrington, called on the government and local businesses to help support work placement schemes for young people. Scientiam’s managing director Amanda O’Shea said: “We have to get this lost generation of youngsters into work, learning the key skills that the business community needs and they need to kick start their careers.”

Manchester, Liverpool and Blackpool airports reopened this morning but passengers have been warned to expect delays despite the ash cloud no-fly zone being lifted. The Civil Aviation Authority lifted restrictions although airports in other parts of the UK and Europe remain closed. A Manchester Airport spokesman said: “It remains essential for people to contact their airline before travelling to the airport for any flight because there are still high levels of ash contamination above parts of the UK which may bring further disruption during the morning.”

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