Don Valley Zone to Create 18,500 Jobs in South Yorkshire
A new mayoral development zone in the Don Valley promises a £1.3bn economic boost, over 18,500 new jobs, and more than 10,500 new homes across Sheffield and Rotherham.
Category : Economic Growth
UK Growth Forecast Cut to 0.7% for 2026 Due to Middle East War
The OECD has downgraded UK GDP growth predictions for 2026 to just 0.7% due to the Middle East conflict, marking the largest downgrade among G7 nations. Inflation is expected to spike, putting the economy near recession.
£50m Innovation Fund Unveiled for West Midlands Economy
A £50 million Local Innovation Partnerships Fund has been announced to support advanced manufacturing, health sciences, and creative tech businesses in the West Midlands, aiming to create jobs and accelerate economic growth.
Bosco Italian Restaurant Expands into Wales with Cardiff Opening
Italian restaurant venture Bosco has opened its first Welsh location in Cardiff with a £350,000 loan from the Investment Fund for Wales, fueling plans for further expansion across Wales over the next 18 months.
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Power Roll's Solar Film Tech Heads to Japan in Tokyo Gas Deal
County Durham solar innovator Power Roll signs a joint development agreement with Tokyo Gas, marking the first use of its lightweight perovskite solar films outside Europe, following a North East trade mission.
First Minister Backs Development Bank, Rules Out New WDA
First Minister Eluned Morgan commits to strengthening the Development Bank of Wales while dismissing calls for a new Welsh Development Agency, focusing on business support and innovation funding.
New CEO Named for Hinkley Point C Nuclear Plant
EDF appoints Mark Hartley as the new chief executive of Hinkley Point C nuclear power station in Somerset, replacing Stuart Crooks after his 40-year tenure. The leadership transition marks a strategic move for Britain's ambitious nuclear energy plans.
West Cumbria's 'Supercomputer' Energy Project Plans Detailed
Cumberland Council's nuclear issues board discussed the Pioneer Park energy project, described as a 'supercomputer for west Cumbria', focusing on small modular reactors to power data centers and AI systems.
Labour Peer Urges Starmer to Cap Energy and Petrol Firm Profits
Richard Walker, a Labour peer and Iceland chair, calls for a temporary profit cap on energy and petrol companies to prevent profiteering as economic growth slows and household bills rise.
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West Midlands Gets £50M Innovation Fund for Jobs and Growth
A major £50 million funding boost has been announced for the West Midlands to support innovative businesses, create new jobs, and accelerate regional economic growth through advanced manufacturing and tech sectors.
Anglesey Freeport Gets £25m Funding for Development Projects
The Anglesey Freeport has received £25 million in seed funding from the UK and Welsh governments to kickstart seven key infrastructure projects, aiming to create 5,000 new jobs by 2030.
£1.7bn Northern Investment Plan Unveiled by Government
Chancellor Rachel Reeves details £1.7bn funding for Northern growth, including a Manchester digital campus, Liverpool cryogenics facility, and South Yorkshire defence support, amid regional unemployment challenges.
Birmingham East Development Corporation to Inject Billions
A new Mayoral Development Corporation in East Birmingham has been approved to attract billions in investment, create tens of thousands of jobs, and address severe deprivation in the area.
Reeves: EU Alignment Could Lower Costs and Fund Regions
Chancellor Rachel Reeves advocates for closer UK-EU regulatory ties to reduce trade barriers and inflation, with a £2.3bn investment for the West Midlands and Northern England to spur local growth.
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North West Leaders Hail £270m Devolution Funding Plan
Chancellor Rachel Reeves announces a roadmap for fiscal devolution, with Manchester and Liverpool receiving £270m in funding to boost regional growth and economic opportunities.
Swindon's Investment Boom: 30 Firms Eye Move, Jobs Surge
Swindon Borough Council reports 30 companies in active talks to relocate, potentially creating thousands of high-quality jobs, with drone manufacturers and higher education hubs leading the charge.
Welsh Equity Investment Deals Fall 53% in 2025
British Business Bank research shows a sharp decline in equity deals and business numbers in Wales, contrasting with modest growth in other UK regions.
Octopus Energy Announces Bill Reductions from April
Energy giant Octopus Energy is contacting customers to inform them of significant bill reductions starting April 1, 2026, following government intervention that will save typical households £117 annually.
Banair Acquires Powys Land for Military Bridge Testing
Defence company Banair has purchased two plots at Wyeside Enterprise Park in Powys from the Welsh Government to develop and test its lightweight aluminium vehicle bridging system, creating up to 30 jobs.
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India-North England Summit to Boost Trade as New Deal Nears
The India North England Opportunity Summit will celebrate growing business ties and mark a year since the Indian consulate opened in Manchester, urging exporters to seize opportunities under a new trade agreement.
West Yorkshire Approves £230m Economic Boost Package
West Yorkshire Combined Authority has agreed a £230 million funding package for projects across Leeds, Bradford, Calderdale, Kirklees and Wakefield, focusing on transport, business growth and housing development to stimulate the local economy.
UK Economy Posts Zero Growth in January 2026, Data Shows
New GDP figures reveal the UK economy showed no growth in January 2026, with production falling and construction rising slightly. Experts warn of serious recession risks and looming impacts from the Middle East crisis.
Developer Deal Imminent for Plymouth Freeport, Boosting Defence Growth
An internationally renowned developer is close to signing a deal to rebrand and market Langage Energy Park as the premium employment site in the south west, capitalising on Plymouth's defence-led growth and attracting further investment.
North East Firms See Major Profit Surge from AI Adoption
A new Lloyds Business Barometer survey shows 42% of North East businesses reported higher profits due to AI, with 32% seeing increases of 11% or more, highlighting AI's role as a key growth driver.
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Welsh Government Invests £8m in Deep Water Turbine Firm
The Welsh Government has invested £8 million in Swansea-based Marine Power Systems to commercialise its deep water wind turbine platform technology, supporting high-value jobs and net zero goals.
Plaid Cymru's 100-Day Economic Plan for Wales
Rhun ap Iorwerth outlines Plaid Cymru's ambitious economic strategy, including a Wales-wide skills audit, increased local procurement, and a new national development agency to streamline business support.
Barrier Group Investment Fuels £100m Turnover Goal
Tyneside industrial services firm Barrier Group has secured significant backing from FW Capital and Lloyds to support its growth strategy, aiming to double turnover to £100m within five years.
Birmingham Beats Prague and Copenhagen as Fastest-Rising City
Birmingham has been ranked as one of Europe's fastest-rising cities in a new study by ING, climbing two places to surpass Prague, Oslo, Copenhagen, and Rotterdam in online visibility and reputation.
Birmingham Among Europe's Fastest Growing Cities
Birmingham has been named one of Europe's fastest growing cities, climbing two places in a new study. The report highlights its vibrant culture, civic identity, and future ambitions, placing it ahead of Prague, Oslo, and Rotterdam.
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Liverpool Launches £2bn Fund to Boost Regeneration
Metro Mayor Steve Rotheram unveils a £2bn investment fund at MIPIM to accelerate regeneration, unlock stalled sites, and attract billions in private investment across Liverpool City Region.
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