ENERGY WARNING: The latest report from Offshore Energies UK (OEUK) has warned that unstable energy policies and tax regimes could result in the UK missing out on a potential £450 billion growth in the domestic offshore energy market by 2040. The report emphasises the need for policymakers to bolster investor confidence to seize opportunities, highlighting …
New investment secured for Sunderland music project Sunderland Music Arts and Culture (MAC) Trust, the organisation behind The Fire Station, has secured £337,500 of funding for new project Sunderland Music City. The project, which will be delivered alongside a number of local partners, aims to raise the profile of the city’s culture offering, with a …
Tell us about Developing Consensus. When were you formed and what were you set up to do? Developing Consensus was formed around 10 years ago to unite public and private sector organisations and encourage collaboration within the property and development industry. Since its inception, the group has grown steadily from 10 founding members to over …
ASHLEY SUES NUFC: Former owner Mike Ashley is suing Newcastle United for refusing to supply his retail company Sports Direct with the team’s kit for next season. The club have agreed an exclusive deal with rival retailer JD Sports which Ashley claims breaches competition law. He is seeking damages from the club and an injunction …
Theatre Royal box office on alert as the return of Sir Ian McKellen is announced Sir Ian McKellen once hailed Newcastle Theatre Royal his ‘favourite theatre’ – so we can only imagine he’s as happy as everyone else that he’s returning to its stage later this year. A limited run of four performances on Player …
HISTORIC MOMENT: St Chad’s College in Durham was the historic setting for a historic moment as seven leaders from across the North East came together to sign the region’s devolution deal with Levelling Up Minister Jacob Young. With the deal signed, it ensures the area can hit the ground running when a new Mayor for …
VIRGIN TAKEOVER: The largest building society in the UK has reached a preliminary agreement to takeover Virgin Money in a £2.9bn deal. Nationwide said the merger means they would become the second largest provider of mortgages and savings in the UK. In a message to Virgin Money staff, Swindon-headquartered Nationwide said they ‘value Virgin Money’s …
GREGGS BONUS: Thousands of Greggs staff will receive a share of a £17.6m bonus pot after the bakery chain announced a record annual profit and revealed it had overtaken McDonald’s to become the No.1 takeaway breakfast seller in Britain for the first time. Profits increased by 27% to £188m, meaning that 25,000 of its 32,000 …
GIGAFACTORY TALKS: Administrators EY said they have held discussions with other potential buyers of the gigafactory site in Cambois, Northumberland, where Britishvolt planned to build. The nearly £4 billion plant had been promised around £100 million of Government grants if it could reach certain milestones, but it collapsed at the start of last year. After …
In the North East, we obsess over government spending, especially with power coming to the new Mayor. And we trumpet new investment by businesses, tracking data for any bright spots of prosperity. But what role should philanthropy play? This would already be a very different place if not for giving of money, time and expertise. …
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