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Business gives thumbs up for Liverpool
Efforts to boost Liverpool's reputation as a business-friendly city are succeeding, according to the biggest ever independent survey of city businesses. The Foundations for Growth survey 2008 found that 64 per cent of the 1,500 businesses that responded said Liverpool was a good place to do business, with 27 per cent giving it a top rating. The survey, commissioned by Business Liverpool, which is now part of the new Liverpool Vision, found nearly 60 per cent felt they had seen improvements in the city as a place to do business. But Mike Taylor, now director of investment and enterprise at Liverpool Vision, said the city can still improve: "Business have told us that, while we are travelling in the right direction, there is room for improvement to create the right environment for business to thrive." Priorities now include continued improvements to infrastructure and local authority services, and further regeneration.
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Property
Completion at Vesty
Priority Sites has completed its £14m Vesty Business Park in Bootle. The site comprises 17 industrial units, ranging in size from 3,000 sq ft to 28,000 sq ft and four hybrid units ranging in size from 3,500 sq ft to 4,000 sq ft. The scheme also incorporates 46 roof-mounted wind turbines, along with a landmark 26m free-standing turbine, which together will provide 10 per cent of the development's entire energy supply.
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CB Richard Ellis appointed for Bootle scheme
Property consultancy CB Richard Ellis has been appointed as managing and letting agent for The Investment Centre in Bootle. The £6m public-funded venture is set for completion in July and will offer 25,172 sq ft of grade A office space. South Sefton Economic Regeneration Team and South Sefton Development Trust have already signed up as the building's first tenants. The project forms part of Sefton Council's Atlantic Gateway regeneration programme, which was launched in 2003.
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Stellar letting for Faircroft
Faircroft Properties has secured another letting at the refurbished Yorkshire House on Chapel Street in Liverpool. Stellar Group, a provider of consultancy and sales services for football clubs and sponsors, has agreed to take 1,585 sq ft on a ten-year lease. The six-storey Yorkshire House was acquired by Faircroft two years ago, in partnership with Arrowcroft and Ethel Austin Properties. Following a £2m refurbishment, it now has 30,000 sq ft of office space to let.
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Earl Grange
The new Stanley Grange office development in Knowsley, on land owned by the Earl of Derby, has been officially launched this morning. The scheme is located close to the M57 and has units from 1,000 sq ft to 5,000 sq ft available.
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Business
Energos wins national renewable award
Energos, the company behind plans to build a small-scale gasification plant in Knowsley, has won a national award for a similar plant based on the Isle of White. The Salford-based company was named developer of the year at the annual Renewable Energy Association Awards held in London. The £8m Isle of White plant is the first in the UK to operate solely on energy generated from non-recyclable household waste and can generate enough electricity to power 3,000 homes. If the Knowsley plant gets the go-ahead it would be able to process 80,000 tonnes of residual waste and generate enough electricity for more than 10,000 homes.
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New chief exec for WH Ireland
North West stockbroker WH Ireland has appointed a new chief executive, following the acquisition of what is now a 27.4 per cent stake in the firm by a consortium of City investors over April and May, when former LIFFE director Rupert Lowe became chairman of the firm. Richard Ford, partner and chief operating office of Spence House Capital Management, is set to take over the role in November from Laurie Beevers, who will become executive deputy chairman and continue to have particular responsibility for stockbroking operations at the firm. Beevers arrived at WH Ireland alongside David Youngman in 1995.
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Big day for clearing up carbon
As the business community starts to gear up for a greener world, two announcements highlight the political pressure to count the cost of carbon. Lord Nicholas Stern, author of the UK's Stern report on climate change, is today launching a new carbon credit ratings agency, which will score carbon credits in a similar way to the way in which debt is rated. The agency, run by IdeaCarbon, will offer investors rigorous analysis of the risk-profile of individual carbon assets and portfolios. Meanwhile, the government-established Carbon Trust yesterday launched a new campaign challenging businesses and the public sector to achieve a new Carbon Trust Standard certificate as the only way for organisations to prove they are tackling climate change and have made genuine reductions in their carbon emissions. The University of Central Lancashire is among the organisations to have received the certificate to date.
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Still at risk from flooding
Despite its long coastline and exposure to the Atlantic, the North West is better positioned to withstand flooding risks than other parts of the UK but still needs to work harder to deliver better flood defences. A report released today by the Institution of Civil Engineers (ICE) coincides with the results of an independent review by Sir Michael Pitt into the devastating flooding of 2007, which finds that the UK's infrastructure network is still far too vulnerable to flooding. The ICE calls for continued investment in flood defences and expansion of the flood warning system for high-risk fluvial floodplains in the North West and tidal risk areas along the Irish Sea cost.
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Cropper corrects
James Cropper, the Kendal-based paper company quoted on AIM, yesterday afternoon issued a correction to the morning's preliminary results in which it had incorrectly stated that turnover had risen 12 per cent. The actual increase was 5 per cent.
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Deals
Rosebud funds Skelmersdale arts centre
A new arts centre has opened in Skelmersdale thanks to a funding package from the Rosebud Finance, a financial support service established by Lancashire County Council. The Engine Rooms, renovated from a disused warehouse by entrepreneurs James Furnell and James Hoy, now offers a recording studio, a café and space for art exhibitions. The award-winning Rosebud Finance has so far helped more than 300 businesses. Any profit and income made by it is used to provide further investment opportunities for new clients.
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Brookhouse acquired by US group
Darwen-based aerospace manufacturer Brookhouse has been acquired by US group Kaman Aerospace for £43m. The move is seen as an important step in realising the company's ambitious growth strategy and in Kaman furthering its goals in the aerostructures sector. Brookhouse was the subject of a management buyout backed by the Manchester office of Aberdeen Murray Johnstone Private Equity in 2004 and rumours of a potential sale surfaced earlier this year.
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