Business News Round Up (21/01/2020)
UK continues to lure investment from Europe’s CEOs
The UK has secured its place as a destination for future growth among global chief executives, according to PwC’s 23rd annual CEO Survey. The report revealed that CEOs in Europe’s biggest economies rate the UK as one of the most important territories for growth for chief executives, joint with India and Australia, and behind the USA, China and Germany. For chief executives in Germany, France and Italy, the UK is viewed as attractive now as it was in 2015, with a notable boost compared to the previous year. In Germany, the percentage of chief executives who view the UK as one of their top three growth targets increased to thirteen per cent, from six per cent last year, to match the level in 2015.
https://dailybusinessgroup.co.uk/2020/01/uk-continues-to-lure-investment-from-europes-ceos/
Glasgow City Deal steps up with £740 million worth of projects
The Glasgow City Region City Deal is set to accelerate it’s spending by investing more than £740 million into infrastructure over the next five years. These plans will see the Glasgow City Region City Deal invest more than four times its total spend since 2014, with more than 30 transformative projects underway or due to start.
https://www.insider.co.uk/news/glasgow-city-deal-steps-up-21302810
Employment growth in 2020 takes Manchester into top 10
Manchester looks set to out-perform the majority of UK cities in 2020, with employment growth levels set to rise to one of the highest in the UK, according to a new report published by law firm Irwin Mitchell. The latest UK Powerhouse study showed that numbers will grow by 1.4% in 2020, seeing a total level of employment of 490,100 in the region.
Funding boost secures new multi-million pound food and drink centre for North East
A £20 million food and drink development hub for the North East has been announced, after securing £10 million of capital funding from the UK Government and Scottish Government. The project is to be led by private sector catalyst Opportunity North East (ONE) and has been described as the single largest public sector investment in the food and drink industry in Scotland after receiving a total investment of £21 million, including £4.4 million of funding from ONE. SeedPod aims to provide the tools, knowledge and training to help businesses identify new markets, drive growth and adopt new technologies, it is due to open in 2022.