Tourism was worth £4bn to North Yorkshire last year, says report
Shorts acquires Hewson & Howson
British Chambers of Commerce call for growth to feature in King’s speech
- An Industrial Strategy Bill that gives businesses greater certainty on the direction of travel and places green innovation at its core.
- A Skills For The Future Bill, which incentivises businesses to invest in skills and widens the scope of the Apprenticeship Levy.
- A Devolution Bill to shift more powers to regional and local government decision makers – who best understand their economies.
- A Planning Freedom Bill that sets out a system to allow large scale and local infrastructure projects, including digital, to happen at much greater pace.
- A Trade Bill which beefs up the Board of Trade with a fresh remit to improve EU relations and focus on the UK’s future growth sectors.
Firms offered grants of up to £35,000 to boost rejuvenation of Fargate in Sheffield
Boston company closed down after Insolvency Service reveals loan misconduct
“The Insolvency Service will not hesitate to apply to have companies wound-up in the public interest in such cases.”
Insolvency Service investigations into The Eel Screen Company began in August 2023. One of the former directors of the company told investigators that the business was involved in the installation of screens to protect eels in rivers. A second director of The Eel Screen Company said it had since moved into drainage and most recently the construction business. The Eel Screen Company obtained a £50,000 Covid Bounce Back Loan in May 2020, claiming an annual turnover of £320,000 for 2019. Analysis of the company’s bank account showed a turnover of just over £49,000 for that year, with no loan repayments were made despite this being a condition of the scheme. The Eel Screen Company followed this misconduct up with a £225,000 application in January 2022 under the Recovery Loan Scheme, which supports SMEs to access the finance they need to grow and invest. Insolvency Service investigators found inconsistencies in the accounts and VAT returns submitted as part of the application as well as bank statements that appeared not to be genuine. Of the £225,000 The Eel Screen Company received, £148,000 was withdrawn as cash. The company made one repayment under the loan agreement to date, with £213,750 plus £30,726 in interest outstanding. Current and former directors of The Eel Screen Company also failed to produce accounting records on request to the Insolvency Service. The Official Receiver has been appointed as liquidator of the company.Defence Secretary visits Foregemasters to see submarine parts manufacture
Steelwork complete at Ideal Heating’s UK Tech Centre
Steel erection for Ideal Heating’s £19.2m UK Technology Centre supporting the development of low carbon technologies, including heat pumps, is finished