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Top story
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Regeneration fund receives nine proposals
The managers of the Assembly Government’s flagship Regeneration Investment Fund for Wales have received nine proposals from across Wales and hope to make their first investments this year. Lee Mogridge, Cardiff office head of the scheme’s investment manager, Lambert Smith Hampton, told Insider the proposals were split fair evenly between public and private sectors. The scheme’s fund manager, Amber Infrastructure, will seek private sector investment once a few projects are in place and can show a return. The fund has £25m in European money and £30m in Assembly Government property assets now.
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Deals
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Cogent buys Pontypool breeding company
Cattle genetics business Cogent Breeding has acquired the business and marketing rights of Pontypool-based cattle breeding business World Wide Sires UK and its subsidiary Dairy Daughters.
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Tubex buys in US
Aberdare-based Tubex, a supplier of tree shelters, has expanded into the US market. It has established Tubex USA, a Virginia-based subsidiary, and acquired Treessentials, a Minnesota-based distributor.
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Sports travel firms team up
Cardiff-based International Sports Tours, which trades under the Inspiresport brand, has acquired fellow sports travel business Tours 4 Sport.
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Companies
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Steady growth for lawn care franchiser
Greenthumb, the lawn treatment franchising company based in St Asaph, lifted its turnover by 20 per cent and met its target of reaching 400,000 customers during 2010.
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Interest gains help Principality
Principality, the building society, saw its pre-tax profits more than double to top £30m in 2010, as the gap between what it receives and what it pays in interest widened.
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Good day at the office for SET despite profit drop
Cardiff-headquartered SET Office Supplies decribed the year to June 2010 as "another successful year" as its turnover increased slightly but profits slipped.
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IXL in administration again
IXL 2008, the stationery products maker in Llandrindod Wells, Powys, has made 66 employees redundant after going into administration. It is the second time the company, formerly known as Setten and Durward, has hit trouble in recent years.
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Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.
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Government and politics
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Abertillery nets £13m makeover investment
Abertillery town centre is to benefit from a £13m makeover after receiving funding from the Welsh Assembly Government. Finance will be made available for existing and new businesses to create or safeguard jobs, as well as for improvements to be made to the appearance of commercial properties in the Gwent town.
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Advice
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Ask the Expert: Knowledge Economy Skills Scholarships
More businesses are turning to the vast resource offered by universities. Dr David Joyner, director of business partnership and engagement at Bangor University, explains why.
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