North East business woman reaps the rewards of new business

A regional entrepreneur who drew a line under her design career to open up her own shop has created 19 jobs thanks to her new venture.  Last year Newcastle-based Deborah Hodgson opened up her first shop, Cuba Lily, in Darlington and has since gone on to open two further shops. The former… More →

North East building society invests in its future

The region’s largest building society has strengthened its customer-facing team by appointing five staff members to branch manager positions across its North East office network. Newcastle Building Society has given Jean Fairweather, Laura Robson, Ian Macleod, Jade Rennison and Lee Metters responsibility for leading their own teams and developing the Newcastle’s… More →

Sunderland AFC reveal financial losses

Sunderland AFC have announced a substantial financial loss before tax, according to an annual report, with increased expenditure on players contributing. The North East club saw losses rise by over £1 million from the previous year to £27.9m after spending £28m on new purchases before the club record signing of Asamoah Gyan. The… More →

New laws cost North East firms £730m

New data has suggested that North East firms are facing collective costs of £730m over the next four years as they implement new employment laws. As the government prepares to bring in a mass of fresh employment legislation starting from April this year, the North East Chamber of Commerce (NECC) believes… More →

FSB hails victory for small business procurement opportunities

The Federation of Small Businesses (FSB) has welcomed the Government’s commitment to overhaul the way that small businesses will be able to compete for public sector contracts. Public sector procurement has long been an issue for small businesses, with 70 per cent of SMEs rarely bidding for public sector contracts due… More →

Eaga to be bought for £306m

North-East based energy efficiency firm Eaga will be acquired by support services giant Carillion in a £306m deal. Eaga, which has about 4,000 staff, works with the government and local councils on low carbon energy projects. Carillion said that it had identified the low carbon market as a strategic area of growth. The… More →

35% believe their managers methods are inept

Over a third (35%) of employees say their manager’s methods don’t get the best out of their organisations workforce, according to a report. Results international, analysed the management styles of 10 premiership managers, looking at how each would cope running a UK business in today’s economic climate.  They interviewed over 100 business… More →

Access for finance guide into its second year

Key figures from across the region gathered at the Centre for Life last week for the launch of the second Access to Finance Guide produced by North East Access to Finance. The 2011 Guide was introduced by Chairman Hugh Morgan Williams OBE and guest speakers at the event included Sir Ian… More →

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Small firms helped to bid for procurement ‘billions’

David Cameron has announced a series of measures to help small and medium-sized firms compete for billions of pounds worth of central government contracts.

He said the aim was to give businesses greater access to the bidding process by eliminating “excessive bureaucracy and petty regulation”.

Firms should no longer have to input their information each time they apply for a new contract, for example.

The CBI, however, said the government could have gone much further. But what do you think? 

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