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Grosvenor opts for innovative scheme
Liverpool One developer Grosvenor has chosen to bypass the increasingly rocky residential property market by signing innovative agreements with two residential specialists who will lease the five residential blocks above the retail element of Liverpool One. BridgeStreet Worldwide is leasing 78 apartments, which will be offered as fully serviced apartments to business and leisure travellers, and Plus Dane Group will undertake a new commercial venture by leasing the remaining 95 apartments in four buildings at below market rent for key workers. The arrangements will ensure low vacancy and help bring the scheme to life at all times of the day. Meanwhile, the flagship One Park West residential building, which is set to complete in Spring 2009, has seen a significant increase in sales since the unveiling of Liverpool One at the end of May. The volume of enquiries into the development has more than doubled.
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Clean deal for Proventec in Germany
AIM-quoted Proventec, the Liverpool-based provider of specialist steam cleaning and coatings technologies, has acquired a 60 per cent equity stake in German engineering company Frank. Founded in 1607, the £2m-turnover Frank manufactures hygienic products including portable high-pressure washers and self-service vehicle wash stations across Europe, the Middle East, Africa, Asia and the US. The deal, which was mainly financed with cash reserves and issuing locked-in shares, will contribute to Proventec's revenue and profitability. The remaining 40 per cent stays in the hands of Samir El-Assal, who acquired the company in 2006 and who remains as managing director. 
Grant secures jobs at AMS
Advanced Medical Solutions, a Cheshire-based research and development company, has been awarded a grant that will protect 99 jobs and allow 41 new roles to be created. The Selective Finance for Investment grant from the Northwest Regional Development Agency will bring the company £275,000, which will allow it to remain in the region, merge its two current sites into one and almost double the manufacturing facility to 15,000 sq m. The company was founded in 1991 in Winsford and focuses on the development of polymers for the healthcare market.
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Liverpool charity secures US big hitter
Liverpool Habitat for Humanity, the housing and community development charity, has recruited a new development manager to raise the company's profile. Van Garber was previously director of development for Richmond Metropolitan Habitat for Humanity in Virginia, a household name, with supporters including former president Jimmy Carter. Garber will work with finances, fundraising and strategy development. The Liverpool charity is building 32 new homes for low-income families on land off Kingsley Road.
Liverpool Telescope will continue to be funded
The Science and Technology Facilities Council (STFC) has included the Liverpool Telescope in its latest spending priority review, and acknowledged the quality of the science the telescope produces. Located on the Canary Island of La Palma, the telescope was ranked along with all the other front-rank research facilities in the UK in STFC's Programmatic Review, undertaken every two years to allow the council to refresh its science strategy. Professor Andy Young, head of research at Liverpool John Moores University, said: "We are delighted that the STFC continues to view the Liverpool Telescope as a valuable facility."
North West workers fear for their jobs
Fourteen per cent of North West workers are not confident that they will be in a job with their current employer in a year's time. A YouGov survey commissioned by the Trade Union Congress has revealed that 384,000 workers are afraid for their job security. The trend continues across the country as 3.3 million workers across Britain believe that they may not have their job in a year's time. Workers in low-paying jobs feel less secure than those with better-paid jobs. The least confident earn between £10,000 and £15,000 and the most confident earn more than £50,000.
Chamber's winning figures
St Helens Chamber's Business Winning Business project has helped over £16.5m of new business to be placed in St Helens. The programme offers companies support with tendering through seminars, providing training for staff and assisting in attaining industry-approved standards that will help win larger contracts from regional and national buyers. The project, which was introduced in 2006, has helped over 1,000 small companies to increase their competitive advantage over businesses from outside the borough. Its services are all provided for free.
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