Business News

A predicted increase in UK rail fares will send out ‘the wrong signal’ at a time of impending crisis due to climate change, an economist said today.

Steve McCabe, Associate Professor at Birmingham City University, suggested price hikes in train travel “may mean some are tempted to use cars” and that the UK Government should ensure “everyone, especially the poorest, have access to equally good and affordable train travel”.   

Major businesses and corporations are being offered the opportunity to become the official sponsor of the region’s popular new cycle hire scheme. Initially launched in March, West Midlands Cycle Hire is already set to be the UK's biggest outside London once the roll out of its 1,500 bikes is completed later this year, but has the potential to grow even further with the backing of a corporate sponsor 

Around 1,000 bikes are currently available for hire and there have already been nearly 100,000 journeys made by people across the region. Following a competitive tender process Transport for West Midlands (TfWM), which is part of the West Midlands Combined Authority (WMCA), has appointed PHAR Partnerships as its exclusive agency with a brief to secure a sponsor.  

A group of fashion students at Birmingham City University are hoping to instil positive wellbeing in visitors to Birmingham’s flagship Selfridges’ store this month through a special installation.

Fashion Business and Promotion students have created a 'Transcendence' installation as part of their visual communication module, which challenges students to consider how physical retail experiences might evolve into immersive experiences.

Sandwell Leisure Trust (SLT) is heralding its latest independently verified success story of generating and delivering £16.5 million of social value back to the borough.

In the last full operational year prior to the impact of Covid-19, the Black Country-based charity (which runs nine leisure facilities for Sandwell Council across the borough) achieved 16.1% local resident attendance figures – the national average is 15.9% - but with seven of its centres sitting in the third or fourth (the highest) quartiles it places them all well above standard for the industry.

Passengers are being thanked for their patience after work to improve future journeys between Rugby and Stafford.

Over the last four weekends more than a mile of new railway track has been laid as part of a £2.6m Network Rail investment. The improved railway lines reopened providing smoother, faster and more reliable journeys for passengers. More than 500 railway workers carried out the essential work over a total of 240 hours.

The 50th new home has now been completed on the once derelict site of the former Harvestime Bakery in Walsall with construction continuing despite the pandemic. The 88-home development by Vistry Partnerships has only been made possible by a £1.5m investment by the West Midlands Combined Authority (WMCA) which has been used to clean up the site and make it suitable for housing. 

The scheme is one of a growing number of disused industrial sites that are being redeveloped under the West Midlands Mayor and WMCA’s ‘brownfield first’ regeneration programme, bringing long derelict sites back to life with homes and jobs for local people. Harvestime closed nine years ago and the 4.6-acre site remained derelict until the WMCA stepped in to fund the clean-up and prepare the ground for new housing.

The owners of Wolverhampton city centre’s historic Beatties building have confirmed their plans for its phased remodelling.

SSYS Beatties Ltd purchased the building in 2020 following the announcement of the closure of the department store. They have now started the process of securing a contractor for the first phase of development, which will see around 150 new homes concentrated around the multi-storey car park and modern annex areas of the building,

Full works are set to start this month on building the first new council homes on the Heath Town estate since it was officially opened by HRH Princess Margaret in 1969.

It forms part of a major transformation of the estate, which has seen an extensive demolition programme of vacant buildings, existing residential blocks undergo major improvements by Wolverhampton Homes, and the creation of three new play areas and a football pitch.

Construction think-tank Constructing Excellence Midlands has announced a landmark partnership with innovation exchange platform The Grid to provide access to dedicated digital social platform SciGrid for its members. SCi Grid - which facilitates engagement with social value projects in the construction industry - aims to provide guidance on how firms can achieve Net Zero Carbon, providing guidance on the best practice solutions and current policies, as well as becoming a space for collaborative partners to showcase their industry expertise.

The activity feed on SCi Grid will connect innovative minds, companies and organisations to provide a blend of real life, real time and virtual engagement for the construction industry in the Midlands. The platform will allow industry experts to highlight sustainable construction projects and engage in thought leadership, as well as an opportunity for firms to advertise job opportunities in front of an engaged audience of potential employees.

The City of Wolverhampton Council Leader has reiterated his brownfield development first message ahead of public consultation on the future of housing plans in the region.

The consultation on the latest phase of the Black Country Plan will open on August 16 and Councillor Ian Brookfield is urging people to get involved and help protect greenbelt land in the city. The government projects that the Black Country will need just over 76,000 new homes over the next 20 years.

Employment tribunals involving menopause have quadrupled in the last three years^, reveals analysis of court records by Menopause Experts Group.

There have been 43 employment tribunals referencing menopause since April 2017. There were six cases in the last nine months of 2017, compared with ten in the first six months of 2021, which would be equivalent to 20 over the course of a full year if the rate continued. 

Business confidence rebounded sharply during the second quarter of 2021 as coronavirus restrictions were eased across the country, according to a major report released today by three regional Chambers of Commerce.

The latest results from the West Midlands Quarterly Economic Snapshot shows that more than three in five (62 per cent) businesses expect to increase their turnover over the course of the next 12 months, compared to 43 per cent in Q1. The snapshot, which covers the West Midlands Combined Authority area, is the most comprehensive regular report of its kind in the region.

The country’s most talented and dedicated female entrepreneurs gathered together on Thursday 22^nd July for the delayed 2020 National Business Women’s Awards.

The much-coveted gongs were forced to be postponed last year after the unexpected outbreak of the Covid-19 pandemic, but last night, just three days after most restrictions were lifted nationwide, finalists joined together for a welcome celebration. More than 300 guests were at the event, which recognises incredible, high achieving women in business and industry, who run outstanding companies.

A car shipping business set up by two school friends is celebrating its 15th anniversary after transporting thousands of vehicles around the world.

Nick Roach and Kingsley Read set up ShipMyCar in 2006 and now operate from a 12,000 sq ft warehouse in Milton Keynes. The company aims to simplify the often-complex process of importing a car into the UK, and is now the UK’s leading full-service importer of vehicles from countries including the USA, South Africa, Australia and Hong Kong.

XPO Logistics, Inc. have announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies. XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world.