February, 2021

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UK’s global fintech leadership bolstered by new review

The UK has more than 10 per cent of the global market share in fintech and the sector is now worth more than £11 billion a year to the UK economy. The independent review, led by Ron Kalifa OBE, finds... (Continue reading)

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Budget Bill passes Stage 1

Proposed legislation to implement Scotland’s Budget for 2021-22 has passed its first parliamentary hurdle. MSPs have voted to endorse the general principles of the Budget Bill at Stage 1. They also approved the Scottish Rate Resolution, setting all income tax... (Continue reading)

UK Government signs agreement for £250m investment in the North West

Secretary of State Brandon Lewis, alongside Northern Ireland Executive ministers, and local partners, will sign the Heads of Terms for the Derry/Londonderry and Strabane City Deal. Signing the Heads of Terms on the Derry/Londonderry and Strabane City Deal is an... (Continue reading)

Fund extended to help level-up every corner of United Kingdom

A multibillion-pound fund to level-up opportunities is being extended so that people in every region and nation of the UK can benefit has been announced. Taking this UK-wide approach makes sure that the UK Government can target funding more efficiently... (Continue reading)

Defence Secretary opens £70-million British Army facility in Kenya

Ministry of Defence

The Defence Infrastructure Organisation (DIO) has delivered a new headquarters and training facility at Laikipia Air Base East in Kenya. Nyati Barracks, a £70-million facility, was built for the British Army Training Unit Kenya (BATUK) to replace their previous infrastructure.... (Continue reading)

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Free tablets to improve lives of thousands of people with learning disabilities

The government has set up a £2.5 million fund to provide devices, data and digital support to people with learning disabilities who can’t afford to get online. The new Digital Lifeline scheme will fund 5,000 internet tablets preloaded with data... (Continue reading)

Launch of £15 million Scottish Community Lenders Fund

A new £15 million fund has been announced to support affordable lending services. It will support Credit Unions and Community Development Financial Institutions (CDFIs) which offer financial help to those who have poor credit and are often turned away from... (Continue reading)

£6 million Welsh Government investment in leading paper production firm in Maesteg

Welsh Government is providing £6 million to support WEPA UK’s expansion plans, which will see 54 new jobs created and hundreds protected at its site in Maesteg. Economy Minister Ken Skates said the funding from Welsh Government’s Economy Futures Fund will... (Continue reading)

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Twenty year vision for development in Wales set out

Welsh Flag

Housing and Local Government Minister Julie James has launched Future Wales, which sets out where housing, employment and infrastructure should be developed to support our town and city centres, achieve decarbonisation and climate resilience, and to improve the health and... (Continue reading)

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UKEF overhauls buyer finance support to boost SME exports

Government Opportunities (GO)

UK Export Finance (UKEF) has launched a new guarantee scheme that will help importers of UK goods and services obtain the financing they need, unlocking trade and boosting exports. The Standard Buyer Loan Guarantee (SBLG) allows UKEF to guarantee a loan of... (Continue reading)

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