JCB Heir Warns Inheritance Tax Could Drive Business Out of UK
Jo Bamford, heir to the JCB fortune, warns that new inheritance tax rules on family businesses could force relocation abroad to preserve jobs and prevent company breakups.
Category : Economic Growth
£20m Funding for West Midlands and Wales Businesses
Community lender BCRS Business Loans receives £20m from the British Business Bank to support underserved small businesses in the West Midlands and Wales, enhancing economic growth and job creation.
Somerset Gigafactory Gets £380m Government Investment
A major £380 million government investment has been secured for Somerset's Agratas gigafactory, safeguarding thousands of local jobs and positioning the UK as a leader in battery manufacturing for decades to come.
National Wealth Fund Invests £599m in Rolls-Royce SMR
The National Wealth Fund has announced a £599m financing package for Rolls-Royce Small Modular Reactors, aimed at accelerating clean energy development with Great British Energy and creating around 1,000 jobs.
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£380m Grant for UK Gigafactory to Make JLR EV Batteries
A £380 million government grant will fund a major gigafactory in Somerset, creating batteries for Jaguar Land Rover's electric vehicles, supporting 4,200 jobs and boosting economic growth.
UK Government Invests £86m in ITM Power for Hydrogen Tech
The UK government has invested over £86 million in ITM Power to support the establishment of a large-scale manufacturing line for its Chronos electrolysers in South Yorkshire, creating jobs and advancing the hydrogen economy.
£100m Apetito Factory Approved in Trowbridge
Frozen food giant Apetito secures planning permission for a new £100 million state-of-the-art factory in Trowbridge, safeguarding 700 jobs and creating new roles while boosting production capacity for healthcare and care services.
Calls for New Welsh Development Agency to Revitalize Business
Wil Williams argues Wales needs a radical overhaul of its business support system, which has been ineffective since the WDA was abolished in 2006. He calls for a transparent, decisive approach to boost medium-sized firms and economic growth.
Labour's 3p Pay-Per-Mile EV Tax Slammed by Business Leaders
Labour's proposed 3p per mile electric vehicle tax faces fierce criticism from industry experts who warn it will cost fleet operators hundreds of millions and undermine decarbonisation efforts.
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Welsh Labour's Economic Manifesto: Recognition vs. Action
Welsh Labour's 2026 Senedd manifesto acknowledges economic growth as crucial after years of weak productivity, but questions remain about its credibility and ability to deliver transformative change beyond bureaucratic strategies.
Ex-FT Editor: UK Must Embrace AI to Boost Economy
Lionel Barber, former Financial Times editor, warns the UK must become more business-friendly and adopt AI to counter economic decline and attract global firms like Capitol AI.
West Midlands Investment Zone: Billions and Jobs
Major regeneration schemes in Birmingham, Coventry, and Wolverhampton are set to attract £5.5 billion in investment and create over 30,000 new jobs, with bosses predicting a massive impact on the region's economy.
Sales Training Firm Expands into Asia with New Leadership
ValueSelling Associates, a global sales training firm, strengthens its Asia-Pacific presence by appointing Kevin Sun as Managing Partner in China and Tetsuro Yamamoto in Japan, enhancing local language delivery and global alignment.
Cornish Tin Secures £2.2M Funding for Historic Mining Project
Cornish Tin has raised £2.2 million to accelerate exploration at the historic Wheal Vor mining site in Cornwall, targeting tin, lithium, and copper deposits to support domestic critical mineral supply.
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PM to Meet Shell, HSBC, Goldman Sachs Over Iran War Energy Crisis
Prime Minister Sir Keir Starmer will convene top executives from Shell, HSBC, Goldman Sachs, and other major firms on Monday to address the escalating energy crisis triggered by the Iran war, with discussions on targeted support and regional de-escalation
ACCA Wales Sets Four Priorities for Next Welsh Government
The Association of Chartered Certified Accountants in Wales calls for business rates reform and a world-class skills system ahead of the Senedd election, emphasizing sustainable growth and net-zero transition.
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.
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.
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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.
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.
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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.
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.
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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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