Business News

Two new residential children's homes are being created to support some of Wolverhampton's most vulnerable young people.

They will each provide specialist support for up to two children and young people who have experienced a significant amount of trauma. Members of the City of Wolverhampton Council's Cabinet (Resources) Panel approved the plans which will see the council use one of its existing assets for one of the homes, and purchase a nearby private property for the second.

More than 50 city businesses have benefitted from Towns Fund support through the Wolverhampton 5G Accelerator 5PRING. The hub was established at the University of Wolverhampton Science Park, as part of the West Midlands 5G (WM5G) test-bed to enable start-up businesses and SMEs to learn about and engage with 5G technologies, and to grow and develop new products/services using technologies such as extended reality, robotics, computer vision, and the Internet of Things.

Rail passengers using the West Coast main line between London Euston and Scotland are being advised to plan ahead with heatwave conditions expected to impact journeys next week. The Met Office has issued an amber weather warning for extreme heat from Sunday (17 July), with temperatures forecast to reach 37°C in London on Monday and Tuesday.

Brits are more comfortable opening up about previous relationships with a new partner than their financial history, reveals new research from Capital One UK. 

Adults will discuss past relationships on average within 11 months of dating someone new, but it takes them 18 months to open up about their finances including details on how much they’ve saved and what they owe.

City of Wolverhampton’s new Business Workspace and Start-up Centre, IGNITE, has today (Monday) officially opened in the city centre’s commercial district.

City of Wolverhampton Council has launched the new business and enterprise hub to inspire start-ups, growth and support people into employment and training. IGNITE (Innovate, Grow, Navigate, Ideas, Technology, Entrepreneurship) is located in ground floor units 3 and 4 of the Council’s i10 office and retail complex at the heart of the city centre’s £150million award-winning transport Interchange.

A new government must be installed swiftly to provide businesses with the “clear, consistent and coherent” leadership it needs, business leaders said. It follows Boris Johnson’s decision to quit after a turbulent 48 hours dominated by resignations from ministers and senior cabinet members.

A plan to re-ignite the West Midlands economy and recapture its pre-pandemic success has been set out as the true scale of the impact of Covid was made clear.

The West Midlands economy shrank by 11% in 2020 due, in part, to its large automotive sector and high number of exporting companies.

One of the UK’s leading metals service centres is targeting further growth after it secured one of the automotive sector’s most demanding quality accreditations. William King Ltd, which specialises in high-tensile steel, aluminium, light gauge processing, electrical steels and niche metal coatings, received the Jaguar Land Rover JLRQ Award earlier this month in front of 150 staff at its Atlas Centre facility in West Bromwich.

Organisations are being invited to submit applications for a number of voluntary sector contracts which are being offered by the City of Wolverhampton Council.

There are eight Lots, valued at between £30,000 and £265,000 per annum. They are: Welfare, Debt, Housing and Benefits Advice; Co-ordinated City Skills System; Infrastructure Representation, Growth and Partnership Working; Infrastructure Co-design and Co-production; Infrastructure Organisational Support, Capacity Building and Training; Citywide Structured and Supported Volunteering; Volunteering Strategy and Digital Platform; and Self Employment and Entrepreneurs.

The English Premier League (EPL) has become one of the world's most popular and lucrative soccer leagues. According to Safebettingsites data analysis, EPL clubs generated £5.45 billion in revenue during the 2021/22 season, a 149% increase compared to the 2025/16 season.

Edith Reads Safebettingsites’ financial lead has shared her thoughts on the information.

New data from flatshare site SpareRoom shows average room rents in London passed £800 for the first time. Rents in the capital reached £815 in Q2 2022, up 15% from £708 in Q2 2021. It’s not just the capital where rents have skyrocketed; Northern Ireland was up 17%, followed by the North East and Wales (both up 13% YOY). 

Deborah Cadman, Birmingham City Council’s current interim chief executive, has been appointed to the role on a permanent basis following a formal recruitment process.

Raised and educated in Birmingham, Ms Cadman worked at the city council for seven years during her early career and has been interim chief executive for just over a year.

The pandemic has drawn families away from UK cities, pushing rural house prices up and pricing first-time buyers out, according to a report released by the Royal Town Planning Institute.

Increased interest in large family homes in rural areas suggests that families were looking for more space during the pandemic.

It was a night of wins for Birmingham City Council at the RTPI West Midlands Awards for Planning Excellence 2022. Honours were awarded to the council as follows:

Buyers looking for a slice of luxury in the beautiful hamlet of Coombe Hill are being given a unique chance to purchase a stunning four-bed show home - with all the furniture included.

Stourbridge-based Kendrick Homes has enjoyed massive interest in its Villard Grove development from young professionals, families and downsizers and, in a gesture of goodwill, has agreed to list its beautiful show home as seen.

The Sol Group announced that it has completed acquisition of the Jamaica operations of GB Energy. The acquisition gives it control over the GB Energy (GB)-operated Texaco brand in Jamaica —including its retail, aviation, LPG/autogas, commercial and lubricants activities.