Business News Round Up (19/12/19)
Report reveals £438m annual boost of proposed Digital Quarter development near Edinburgh Airport
A report has revealed the potential economic impact of the development of a new ‘Digital Quarter’ at a decommissioned runway site near Edinburgh Airport. The report, from BiGGAR Economics, highlights the development could create more than 6,000 jobs and support £438 million Gross Value Added (GVA) in Scotland.
Stability after several quarters of volatility but Greater Manchester business confidence is still low says Chamber
Greater Manchester Chamber of Commerce’s final Quarterly Economic Survey (QES) has revealed that business confidence is still low, having been impacted by political uncertainty which has a knock on effect towards business sentiment and investment. The GM Index, which combines seven key indicators taken from the QES, is now at 13.1 This is a slight improvement from Q3, when the GM Index was at 12.1, which was the lowest level since Q3 2012.
Private equity deals value rises to £2.3 billion
The value of private equity deals in Scotland increased by 5% this year to £2.3 billion, according to new analysis from the Centre for Management Buyout Research (CMBOR). The analysis showed that the number of deals in 2019 remained at 10, the same as in 2018, accounting for 10% of UK deals (186), compared with 3% in 2018.
https://www.insider.co.uk/news/private-equity-deals-value-rises-21125799
Deals in North West rose by 17% in 2019
Private equity deals in the North of England increased in 2019, according to new figures. The latest figures from the Centre for Management Buyout Research (CMBOR) reveal that the number of deals in the north increased by 17%, with 46 completed transactions. However, the value of the transactions dropped significantly from £2.5 billion in 2018 to £1.3 billion in 2019.
https://www.thebusinessdesk.com/northwest/news/2053074-deals-in-region-rose-by-17-in-2019