Rishi Sunak At His Desk

Sunak’s stimulus to help housing and hospitality

Dan Whelan

Chancellor Rishi Sunak unveiled measures to boost the economy, including raising the stamp duty threshold to stimulate the residential market, setting aside £2bn to retrofit homes, and reducing VAT for bars and restaurants as they reopen after months of lockdown. 

Mayfield October Planning App 3

U+I swings to full-year loss

Sarah Townsend

The regeneration developer reported a pre-tax loss of £58.6m for the year ended 31 March, dipping from a £6.3m profit the previous year due to “market disruption” on Brexit, the 2019 general election and the pandemic.

Assura West Gorton

Assura ‘robust’ despite uncertain times

Dan Whelan

The Warrington-based primary care investor has avoided the worst of the Covid-19 disruption and remained resilient with a strong pipeline of developments and acquisitions to progress over the next 12 months, it said. 

Oyster Bar Manchester

Hospitality starts on road to recovery

Comments (2)

Dan Whelan

Concerns over using public transport, coupled with the poor weather, meant that those wishing to take advantage of the reopening of bars and restaurants at the weekend stayed away from city centres on the whole, favouring local establishments instead, commentators said. 

The Rise Primesite

Problem jobs sealed CPUK’s fate, administrator says

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Dan Whelan

The Skelmersdale-based contractor fell into administration owing £11m to creditors because of the impact of Covid-19 and a string of "problem jobs", most notably Primesite Developments’ £40m The Rise scheme, which left CPUK with £3m of debt. 

Addisol

3D printing firm signs at Rochdale’s Logic

Dan Whelan

Addisol Endless Resources has taken 4,700 sq ft on a five-year lease at the industrial complex, part of Kingsway Business Park, as it increases production of personal protective equipment during the pandemic.