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Top story
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Clegg: radical approach will deliver growth
The government has outlined its plan for promoting economic growth across England and helping those that have been hit hardest by the public spending cuts. Business secretary Vince Cable confirmed that four local enterprise partnerships (LEPs) in the North West have been given the green light although Lancashire’s three competing bids have failed. Nick Clegg, the deputy Prime Minister, also launched the £1.4bn regional growth fund. Speaking to Insider, he described the government’s actions as “a radical new approach”.
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Deals
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Dataplex secures £1.3m invoice finance line
Dataplex Systems, a Manchester-based IT consultancy, is planning a recruitment drive after securing a £1.3m from Aldermore Invoice Finance.
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Bromley buys KV Taylor
Burnley-based Bromley Insurance Services has acquired Blackburn-based KV Taylor Insurance, it has been announced. The insurance broker says the move is part of its ambitions to grow in Lancashire.
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Total Foodservice relocates with Rosebud cash
Catering wholesaler Total Foodservice Solutions is to relocate to a purpose-built site on the outskirts of Clitheroe after securing a loan worth more than £1m from Lancashire County Council’s Rosebud Finance scheme.
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Business
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Back the successful, urges Bernstein
Manchester City Council chief executive Sir Howard Bernstein has urged the government to keep investing in Greater Manchester following confirmation the city region’s local enterprise partnership (LEP) has been approved by the government.
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LEP will boost investment, says Anderson
The government has given the green light to the Liverpool city region’s bid to form a local enterprise partnership (LEP). Liverpool City Council leader Joe Anderson, who also chairs the Liverpool City Region Cabinet, welcomed the announcement and said the new public-private sector partnership could help to establish the region as a leading international and national investment location.
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Driver anxious LEP failure doesn't harm Lancashire
Lancashire County Council has stressed the importance of ensuring the region doesn't lose out because of the failure of its local enterprise partnership (LEP) bid. Lancashire County Council leader Geoff Driver said it was vital to keep forging links between the public and private sectors to realise the region’s “huge potential for economic development”.
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AstraZeneca strike suspended but profits down
Industrial action at AstraZeneca in Macclesfield has been suspended with talks on an ongoing pensions dispute to resume on Monday, the GMB union says. It comes as the drug manufacturer reported a 25 per cent fall in pre-tax profits for the third quarter.
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Something for the weekend
This week: Page three stunners, Eggheads and Lancashire's very own Gok Wan.
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Insider Membership Deals
Insider offers fantastic benefits for anyone doing business in the region. Not only do we give you news of what’s going on in the business world, we give you an analytical view into the biggest issues concerning all aspects of business. We provide you with avenues to explore competition and potential sales leads.
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Property
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Williams Tarr starts £1.5m retail development
Warrington-based Williams Tarr Construction has started work on a new £1.5m retail development in Preston for Carphone Warehouse. The 15,000 sq ft building fronts the A55 on Blackpool Road in the city.
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House prices fall in the region
House prices in England and Wales dropped by 0.2 per cent in September, according to the Land Registry. The average price in the North West fell 0.6 per cent from August to £119,217 - lower than the England and Wales average of £166,769.
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