Tourism strategy launched for Northamptonshire
Construction at Sherwood Observatory hits new heights
Historic first meeting for new East Midlands Combined County Authority
The first meeting of the new East Midlands Combined County Authority (EMCCA) took place this week – with council leaders making a series of decisions that establish the organisation’s constitution, budget and plans to improve the lives of everyone who lives and works in the region.
The EMCCA Board, made up of the four leaders and deputy leaders from Derbyshire, Derby, Nottinghamshire and Nottingham councils debated a number of key reports at their first meeting on 20 March at Chesterfield Borough Council.
They were joined by representatives from district and borough councils across the area, who will join the Board at the next meeting planned for after the mayoral election.
The meeting was chaired by Cllr Barry Lewis, Leader of Derbyshire County Council, who said: “Our shared ambition for our place and the people we serve has united us over the past few years and will continue to be the driving force behind all we do as EMCCA develops and grows.
“The £4 billion of government funding on the table for us through the devolution deal is just the start.
“We aim to attract more investment by making things happen and turning round historic under-investment in the East Midlands so the regional economy is stronger and better for local residents.”
The board meeting took place in Chesterfield ahead of elections for the region’s first Mayor, on Thursday 2 May. After the election future board meetings will be chaired by the Mayor.
Following the board meeting more than 100 partners and stakeholders joined political leaders in a launch event to hear more about EMCCA’s future plans.
The group discussed the strategic framework that focuses on the importance of growing the region’s economy for everyone’s benefit by targeting investment to speed up economic growth, improving transport links to towns, cities and major employers in the East Midlands and improving skills support and training in key sectors.
The launch event was supported by SCAPE, one of the UK’s leading public sector procurement authorities, which is wholly-owned by six local authority shareholders, including the four constituent councils involved in the EMCCA.
End of production at Alstom in Derby would be a “death-knell for the city”
A key member of the Midlands rail industry has described the news of how Derby’s Alstom train-building plant could stop production this week as “a death-knell” for the city – and the tragic result of a long history of short-term economic thinking.
Malcolm Prentice, group chairman of rail maintenance firm MTMS and former managing director of Derby rail engineering firm Garrandale, said it would take many years for the city to recover should the factory have to close, with the loss of 3,000 jobs.
His comments follow an interview on BBC Radio Four with Alstom managing director Nick Crossfield, in which he said that production at the firm’s Litchurch Lane site was nearing the end, with an 18-month gap until the next order.
He added that the firm could no longer guarantee a presence in the city, admitting that any loss of work and jobs in Derby would have a knock-on effect on the local and national supply chain.
Mr Prentice, whose company is based in Moira, Leicestershire, and maintains depots across the country for a host of train operating companies, said its fortunes would not be affected by the lack of work at Alstom.
But he could not say the same for Derby, where he worked for the majority of his 40-year career in the rail industry and whose fortunes and identity rely heavily on its train-making industry.
And he said it was another sign of how under-investment in the UK’s railways over the past decades is now starting to catch up with the country, which has already seen the HS2 project heavily scaled back due to cost-cutting.
He said: “This is a death knell for Derby, and for Derbyshire, in so many ways. We’ve gone from being at the heart of the Industrial Revolution to being on the verge of losing the very industry that helped to build the city because there has been a lack of investment in home-grown manufacturing building trains for our own rail network.
“That’s a legacy of a political and business approach that has focussed on the short-term economic gain from cutting costs and selling off assets to overseas companies rather than investing for the long term.
“Once these factories are gone and the skills are gone, they’re either gone for good, or it takes many years to build them back up again. If we lose Alstom and those 3,000 jobs, plus all the jobs in the supply chain, then it will take Derby very many years to recover.
“I certainly don’t think I will see its recovery in my lifetime, and that makes me feel very sad.”
MTMS, which services and maintains rolling stock and equipment at more than half of rail depots across the UK, serves such familiar names in mainline rail as First MTR South-Western Railway, Govia ThamesLink Railway, Arriva and Siemens.
It is also a patron of the Midlands Rail Forum, which is the biggest forum of its kind in the UK.
Malcolm added: “This isn’t just about manufacturing. Transport is an important part of our country’s infrastructure and vital to us being a strong nation. Our economy relies on being able to transport the goods we import around the country and rail should be a big part of that, especially since the UK wants to cut emissions and become more sustainable.
“I don’t see the electric lorries, or the fleet of electric Amazon vans, that will deliver that to us, but I do know that rail is far more environmentally friendly than road haulage and should be at the heart of our national transport strategy.
“That isn’t happening, but it is across the rest of Europe, which has invested in their rail industry and are now way ahead of us.”
Plans for entertainment hub in Northampton given the green light
Bank of England holds interest rates at 5.25%
Anna Leach, CBI Deputy Chief Economist, said: “The Bank of England has as expected chosen to keep interest rates on hold for the fifth occasion, following February’s inflation number which came in at its lowest since 2021.
“Nonetheless, services inflation, though falling in line with expectations, remains relatively high at 6.1%. And wage inflation, while likewise having fallen back is still running too hot to sustainably deliver 2% inflation, with risks that the forthcoming rise in the national living wage may yet spur renewed wage pressures.
“The CBI’s own surveys have shown the downward trend in price expectations stall across much of the private sector recently, amidst a renewed uptick in cost pressures. And the ongoing conflicts in the Middle East and Ukraine present further risks to the inflation outlook.
“Unsurprisingly therefore the Bank has reiterated that they’re looking for further evidence of sustained declines in domestic inflationary measures in particular in the coming months before they’ll consider dropping rates, with markets expecting the first downward move to come in June.”