Invest in UK News

  • Energize your exports - UKTI Energy Roadshow 2011 visits North East

    Energy experts from around the globe will be in the North East next week for the first of three special Energy Roadshow events organised by UK Trade & Investment (UKTI).

    Hot on the heels of Offshore Europe 2011 in Aberdeen, the Energy Roadshow 2011 will be visiting three cities – Durham, Sheffield and London – to give UK companies a chance to find out how they can tap into overseas opportunities.

    Jonathan Gamblin, an International Trade Adviser with UK Trade & Investment, explained:

  • Statistical Release UK Official holdings of international reserves

    This monthly press notice shows details of movements in August in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets. These reserves are maintained primarily so that the UK Government's reserves could be used to intervene to support Sterling, or the Bank of England's reserves could be used to support the Bank's monetary policy objectives. If such interventions were to occur, then they would be shown and explained in this release.

  • IPO builds international links with Nigeria

    A landmark copyright agreement has been signed between the Intellectual Property Office (IPO) and counterparts from Nigeria. The agreement is the first of its kind between the IPO and an African country, and will improve international cooperation on copyright issues between the two nations.

    The move follows the UK Government’s acceptance of the recommendations made in the Hargreaves Review of intellectual property and growth. The review highlighted that the UK should continue to pursue international interests in intellectual property.

  • Petitions presented to wind up three companies involved in the provision of wills and trusts writing services

    Minster Legal Services (UK) Limited and Legal Assistance Limited – both based in Gainsborough, Lincolnshire – and Legal Assistance 4 U Limited trading from Newark, Nottinghamshire, operated nationwide using telesales staff to cold call members of the pubic in the hope to persuade potential customers to accept a home visit from a self employed ‘legal consultant’ who would then promote the companies’ products.

  • HM Treasury and FSA publish joint consultation paper on the regulation of credit unions in Northern Ireland

    HM Treasury and the Financial Services Authority (FSA) have today published a joint consultation paper on the future regulation of Northern Ireland credit unions (NICUs). These proposals will enhance consumer protection across all NICUs, and align both the prudential and consumer standards of NICUs with those of credit unions in other parts of the United Kingdom.

  • Business Secretary announces £6.5 million boost for renewable energy engineering skills

    A £6.5 million investment to deliver a new generation of engineering leaders in renewable energy was announced today by the Business Secretary Vince Cable.

    Leading universities and industry will provide training for up to 50 of the best engineering students as part of a new Industrial Doctorate Centre in Offshore Renewable Energy (IDCORE).

  • Green Investment Bank Advisory Group members appointed

    The appointments to the Advisory Group for the Green Investment Bank (GIB) were announced today (31 August) by the Business Secretary Vince Cable.

    The group, chaired by Sir Adrian Montague, will advise Ministers on the establishment of the Green Investment Bank and its strategic direction.

    The bank will become a key component of the Government’s green policies and will accelerate the UK’s transition to a green economy.

  • Data consultation to cut NHS red tape

    Plans to reduce red tape by cutting unnecessary data collections across the NHS will save millions by releasing administrative and clerical resources to better support front line patient care.

    A 12 week consultation starting today proposes that up to 25% of all current data returns commissioned by the Department of Health and its arms length bodies should be discontinued. This would lead to a reduction in burden on the NHS of approximately £10million.

  • Independent Commission on Banking: details of publication of Final Report

    The Independent Commission on Banking will publish its Final Report on its website and via the London Stock Exchange’s Regulatory News Service at 7am BST on Monday 12th September 2011.

    Notes to Editors

    1. The Commission’s website is: http://bankingcommission.independent.gov.uk.

    2. A press conference will be held at Victoria House, London, WC1B 4AD, at 10:30am on Monday 12th September 2011. Places are limited and journalists wishing to attend should email feedback@bankingcommission.gsi.gov.uk to register.
     

  • iomart Hosting and Ecebs power Smart travel in North East England

    Smart media company Ecebs is to take advantage of the skills and experience of Scottish Digital IT Company of the Year iomart Hosting, to supply Tyne and Wear’s transport authority, Nexus, with the ability to process thousands of smartcard transactions each day.  

    Nexus is the first concessionary pass issuing authority in the North East of England to put a Smart processing system in place and will use Ecebs’ Paragon HOPS (Host Operator Processing System).

  • New figures shine a light on A&E quality

    New figures showing the quality of A&E services have been published for the first time today.

    The publication was ordered by Health Secretary Andrew Lansley to give patients and the NHS a more rounded view of the quality of A&E services. The eight clinical quality indicators measure more than the single standard introduced under the previous government which showed the percentage of patients being seen within four hours.

  • Government publishes list of RDA assets transferring to HCA

    The Government has today published a list of Regional Development Agency (RDA) land and property assets that will be transferred to the Homes and Communities Agency (HCA).

    It was announced on 6 July that RDA land and property assets would be transferred to HCA, with local communities and businesses involved in decisions about future development plans. This will maximise the long-term benefits to economic growth and regeneration in local areas. The transfer is currently planned to take effect on 19 September 2011.

  • July house prices up 1.3 per cent since June: average house price in England and Wales now £163,049

    The July data from Land Registry's flagship House Price Index shows an annual price decrease of 2.1 per cent which takes the average property value in England and Wales to £163,049. The monthly change from June to July is 1.3 per cent.

  • Government and FRC consider reducing financial reporting burdens for the smallest businesses

    Proposals to simplify the financial and corporate reporting requirements for the smallest businesses are the subject of a Discussion Paper published today by the Department for Business, Innovation and Skills (BIS) and the Financial Reporting Council (FRC).

    "Simpler Reporting for Smaller Businesses" sets out ideas to reduce the amount of reporting micro-entities would be required to undertake. This could benefit around 5 million businesses and result in considerable cost savings in relation to the preparation of their accounts.

  • Agreement with Switzerland to secure billions in unpaid tax

    The Government is today initialling an historic agreement with Switzerland to tackle offshore tax evasion. The agreement will resolve the long-standing abuse of Swiss banking secrecy by those who seek to conceal the proceeds of tax evasion and is expected to secure billions of pounds of unpaid tax for the UK exchequer from 2013.

  • High Court orders closure of Century Property Group Ltd

    The Secretary of State for Business, Innovation & Skills has presented a petition in the High Court to wind up in the public interest Century Property Group Ltd, formerly Century Land Group Limited.

    The company operates a land banking business selling small plots of land for investment through its website www.century-group.co.uk

    The company’s business address is 7th Floor, Tower 42, 25 Old Broad Street, London, EC2N 1HU.

  • Paving the business way to fame and fortune for Yorkshire's top talent

    Yorkshire’s burgeoning music and film industries are being urged to seize the chance to showcase their talents on the global stage.

    Musicians, managers, producers, film and interactive entrepreneurs are being encouraged to take the first step toward international success by attending a one-off briefing event in Leeds.

  • Government agreement with Switzerland to secure billions in unpaid tax

    The Government is today initialling an historic agreement with Switzerland to tackle offshore tax evasion. The agreement will resolve the long-standing abuse of Swiss banking secrecy by those who seek to conceal the proceeds of tax evasion and is expected to secure billions of pounds of unpaid tax for the UK exchequer from 2013.

  • Trade mark and copyright crime targeted in new training project

    The Intellectual Property Office and Crown Prosecution Service (CPS) have joined forces to give prosecutors in England and Wales a new tool to help them tackle intellectual property (IP) crime.

    IP crime is the counterfeiting of trade-marked goods such as clothes, pharmaceuticals, car parts and electrical goods and the piracy of copyrighted material such as CDs, DVDs, software and games.

    More than 350 prosecutors from the CPS are currently being specially trained to build successful cases against counterfeiters and pirates.

  • Microsoft Dynamics reseller, eBECS Limited Acquires Business and Key Assets Of ePartners UK Limited

    Award-winning Microsoft Dynamics reseller, eBECS Limited, which operates from offices in the UK, North America, Saudi Arabia, Jordan and China, Friday, announced its acquisition of the business and key assets of fellow Microsoft Gold Partner business solutions consultancy ePartners UK Limited, a subsidiary of ePartners Inc.

  • UK Government announces new Enterprise Zone for East Kent

    The Government has today announced a major package of incentives for Discovery Park, Sandwich as part of a new Enterprise Zone. The package could support up to 2,600 jobs and 190 businesses.

    The Enterprise Zone package for Discovery Park will encourage new start up businesses and other investors with simplified planning rules and millions of pounds in tax breaks to promote growth.

  • BBC Worldwide in £121 million sell off to Private equity firm Exponent

    BBC Worldwide and Exponent Private Equity Thursday announced that they have signed a sale and licensing agreement for the publication of titles currently published by BBC Magazines, BBC Worldwide's consumer magazines business.

    Under the terms of the deal Exponent will acquire, in full, Radio Times and a number of magazines less closely aligned to the BBC, as well as the rights to publish BBC-branded titles under licensing and contract arrangements.

  • Demand for “Brand Britain” makes exporting a real treat for London confectioner

    The company has been developing, producing and marketing its own products for the last two years.

    “We wanted to be in charge of our own destiny, do things our own way, and control the process from initial idea to sales and distribution” says Business Development Manager Jaime Waring. “Part of that was approaching our products in a brand-led manner - a lot of confectioners are distributors of brands that they don’t own or control.”

  • Tyneside firm generates high voltage success in Venezuela

    Newcastle engineering firm Houghton International is celebrating after landing one of its biggest ever single export orders, thanks in part to support it received from UK Trade & Investment (UKTI).

    The company, based in Walker, manufactures high voltage coils that are used in the repair and maintenance of large electrical motors and generators. It has just won an order worth $210,000 from Venezuelan company Sidelco for its pioneering Hi Flex coil system.