- Electrification of the Midland Main Line
- Improved rail connectivity between Nottingham, Leicester and Coventry
- The delivery of HS2 to the East Midlands and Leeds
- Enhancements to the A46 Growth Corridor
- Reducing congestion and improving safety on the A5 Growth Corridor
- Supporting growth and improving reliability throughout the A50/A500 Corridor
- Improving safety and reliability on the A1
- Improving connectivity across EMDevCo and East Midlands Freeport areas.
Improving road and rail connectivity highlighted as priorities for ‘Levelling Up’ the East Midlands
Almost half of East Midlands staff now ‘hybrid working’
Lincs & Notts Air Ambulance say’s ‘Thanks to ride of thanks’
£120m refinancing deal for housebuilder
Tenders invited for enviro-crime enforcement contracts in Lincolnshire
New funding to spark growth of regional SME housebuilders
“We look forward to working with our new partners and welcome further institutional capital to help grow this fund and give SME housebuilders the helping hand they need to get more quality homes built in our regions.
“By empowering smaller regional housebuilders, the Fund will help to encourage the creation of sympathetic and environmentally responsible projects while supporting the regional SME house building sector and boosting regional job creation. The Fund employs a robust underwriting process overseen by Newstead, incorporating its own credit, environmental, social and governance metrics and will encourage the development of sustainable housing by taking new homes’ energy efficiency into account at the underwriting stage. Simon Champ, CEO at Newstead Capital, said: “This is an exciting step for Newstead. Our fund is the first of its kind. We are providing a conduit for long term institutional investors to gain access to a market which until now has been out of reach. “The Newstead RELF is aimed exclusively at the unfulfilled need for capital from regional housebuilders. Regional housebuilding has historically been critical to the economy, providing the country with a diverse range of smaller housing communities. The fund gives pension, insurance, and wealth management institutions an appropriate long term investment platform to support this vital industry.“By meeting this demand, we will provide an attractive return for investors, the taxpayer and Manchester retirees, while also empowering local SME builders to compete with larger housebuilders. The Newstead RELF fund will allow more new homes to be built, tackling the housing shortage and contributing to levelling up by allowing smaller sites to be developed, with the associated environmental benefits.”
Government to make 33,000 more loans available to new businesses
£50m boost to cut industry’s reliance on fossil fuels
“Developing fuel switching technology will make this possible, accelerating the transition to cleaner fuels across our economy, and driving down costs for businesses.
“Industrial fuel switching shifts industrial energy use from high carbon to low carbon fuels, with the aim of decarbonising industry in line with the UK’s target of reaching Net Zero by 2050 while boosting economic growth, jobs and prosperity.” Fossil fuels (including coal, gas and oil) made up around 55% of industrial energy consumption in 2019. As set out in the Industrial Decarbonisation Strategy, to decarbonise industry in line with net zero, it is expected that industrial emissions need to fall by around 2 thirds by 2035 and at least 90% by 2050. Investing in this technology will make it easier and more cost-effective for industry to be powered by cleaner fuels like hydrogen and renewable electricity, instead of fossil fuels. The funding, available through Phase 2 of the £55 million Industrial Fuel Switching competition, will support the development of new fuel switching technology in the UK, helping to attract private investment into the country and supporting new green jobs.