Business News Round Up (30/08/19)
Co-operative sector shows poor growth despite exceptional economic performance, report reveals
Growth in the co-operative sector has slowed with turnover increasing £400 million to £37 billion, reveals Co-operatives UK. Despite the recent decrease in expansion, the economic performance remains strong, with a survival rate of 72% over five years, 29% higher than traditional business models.
£1m in grants for new social enterprises in Scotland
The Scottish government has announced that social enterprises across Scotland are to benefit from a £1 million funding package for voluntary and social groups. The funding is going to a range of projects including the Brand for Growth programme which helps social enterprises to develop and grow their brand to increase opportunities.
https://www.thenational.scot/news/17869453.1m-grants-new-social-enterprises-scotland/
Manchester property still in demand with 117% spike in incoming residents
The residential sector in Manchester is continuing to boom as more people move to city centre locations. Demand for prime location accommodation recorded a 117% rise in July this year, compared to the same period in 2018.
Glasgow office market boost as Argyle Street plan gets nod
Developer Osborne & Co has received planning permission to create 270,000 square feet of Grade A office space on Glasgow’s Argyle Street. This is the second boost for Glasgow this week after property developer, FORE Partnership, began work on 96,000 square feet of Grade A office space on Cadogan Street.