Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, 7 April 2009

BUSINESS NEWS: Skills workshop to boost future business prospects

UNDERSTANDING West Somerset employers’ skills and employment needs and providing good training opportunities to ensure competitive futures for local firms are some of the themes of a free workshop being held later this month.
The ‘Skills and Employment Workshop’ takes place at the Regional Rural Business Centre (pictured), off Junction 24 of the M5, on Monday, April 20, from 5 pm to 7 pm.
Businesses in West Somerset and Sedgemoor can discuss the upcoming training needs of workforces to help their businesses cope through the recession, and to capitalise on opportunities when the economic climate eventually changes.
The networking event has been jointly organised by West Somerset Council and Sedgemoor District Council to ensure local businesses are equipped for the future.
Councillor Michael Downes, West Somerset’s economic portfolio holder, said: “Fresh information in the face of the changing economic climate is needed so that we can, by working with other organisations, provide the skills and training local businesses want.
“By working with employers and skills providers to identify and address needs, we can help to put in place meaningful, targeted support and training.
“The evening is friendly and informal and all businesses are welcome, from the smallest to the largest local firms.
“Anybody can attend, in fact, who wants their business to grow and is willing to help us plan a better future for the local economy as a whole.”
Places at the workshop can be booked before April 15 by calling West Somerset economic regeneration officer Corinne Matthews on 01984 635287 or emailing cmatthews@westsomerset.gov.uk.
Anybody who cannot attend, but would still like to make the needs of their business known should contact Corinne Matthews to request a questionnaire.

Friday, 6 February 2009

Income cut for pensioners is price worth paying to save economy says Lib Dem candidate

PENSIONERS and others in West Somerset who had managed to put away money in savings would have to suffer a loss of income for the greater good of the country, the district’s Lib Dem Parliamentary candidate said today.
Theo Butt Philip (pictured) was speaking after yesterday’s Bank of England Monetary Policy Committee’s decision to cut interest rates to a record low of one per cent.
Mr Butt Philip, who lives in Wells, said: “The bank was right to cut interest rates.
“It is a desperate, but necessary, measure.
“The current economic situation is a very difficult one, and this cut will not help savers.
“However, for the sake of the economy as a whole, it is imperative that we get people spending again.
“The interest rate cut alone will not be enough to see us through these difficult times.
“The Government must do everything it can to increase the flow of credit.
“That means temporarily nationalising those banks which are already majority owned by the taxpayer and directing them to increase lending.
“Furthermore, the Government should bring forward investment in capital programmes and in projects to protect the environment.
“By building more social housing, insulating our current housing stock, and investing in railways, the Government could create jobs, stimulate the economy, and create assets which will be of real long-term value to the country.”

Friday, 9 January 2009

Iceland moves to turn Woolworths into frozen food store

THE now-closed Woolworths store in Minehead is to be reopened as a branch of the Iceland frozen food chain.
The property, in The Avenue, is among 51 former Woolworths stores which are being bought nationwide by Iceland, and one of only two in Somerset, the other being in Frome.
Iceland said it planned to create 2,500 new jobs across the country – as against the 27,000 jobs which were lost when the last of 807 Woolworths stores was shut on Tuesday.
The Minehead Woolworths was in the final batch of stores which remained open until the very end.
Woolworths had traded in Minehead since 1937 and had nearly 30 staff at the premises, some of whom had worked there for more than 20 years.
The staff are understood to have been offered an opportunity to move across to Iceland as their new employer.
An Iceland spokesman said: “We are confident we can help to support the local community in these towns who have lost a major High Street retailer in Woolworths.”
Woolworths went into administration with debts of £385 million in November and administrators Deloite were unable to find a buyer to take over the chain.
Iceland, which already has 682 stores, previously offered to buy all of the Woolworths chain last summer but the bid was rejected as ‘unacceptable’.
The frozen food retail business was founded in 1970 and was taken over by a consortium led by Icelandic investment group Baugur in 2005.
The firm already has stores in Taunton, Bridgwater, and Barnstaple.

Tuesday, 6 January 2009

Council partnership offers low cost home improvement loans for low earners

LOW interest loans for essential home improvements are being offered to West Somerset residents of all ages who have a low income.
The initiative is the result of a partnership between West Somerset Council and the Wessex Reinvestment Trust, which helps communities to become more sustainable.
Under the scheme, homeowners can borrow from £1,000 to £15,000, depending on the cost of the work, at an interest rate that is fixed at three per cent for the entire lifetime of the loan.
Projects which could be considered for loans include repairs to leaky roofs, replacing boilers and radiators, installing central heating, replacing rotten windows or doors, and updating bathrooms or kitchens more than 20-years-old.
The council’s housing portfolio holder, Councillor Kate Kravis, said: “Interest rates are currently low so it may seem like a good time to borrow from high street lenders to carry out vital home improvements.
“However, these rates are likely to rise again when the economy recovers.
“The beauty of these low cost loans is that they will never rise.
“We also have trustworthy, experienced advisers who will help people choose a scheme that is right for their circumstances.
“The loans can help homeowners of all ages on low incomes to meet the decent homes standard.
“The work is carried out by trusted local tradesmen, and it is inspected by the council to ensure it is completed to a good standard.”
More information about the scheme is available by calling 0845 241 7243 or visiting the Wessex Reinvestment Trust website at www.wessexrt.co.uk.

Wednesday, 7 May 2008

Steam train test as Britain's Strongest Man contest returns

HEAVYWEIGHTS from across the country will converge on Minehead sea front again next month to battle for the title of PartyPoker.com Britain’s Strongest Man 2008.
Last year’s champion, Terry Hollands, who is returning to defend his title, said: “I have been training hard and I am looking forward to the competition. I am definitely up for the challenge.
“It is great to be coming back to Minehead as it is a fantastic venue.”
This year, as well as lifting cars at the harbour and barrel loading on the beach, the organisers have set up a new challenge of pulling steam trains at West Somerset Railway’s Minehead station.
Terry Hollands said: “That really will be a test of strength.”
The event is sponsored by PartyPoker.com, produced by IMG Media, and supported by West Somerset Council.
It will be televised for Channel 5 and a series of programmes will be broadcast later in the year. Contestants will stay at the town’s Butlins resort.
Qualifying rounds lift off between June 7 and 9, with trials including tyre flips, chain drags, Atlas stones, and keg tossing.
The finals will be held on June 11 and 12 with the challengers lifting cars and pulling trains.
The presentation ceremony to announce the winner of this year’s Britain’s Stongest Man will be held on the beach.
District council economic development and tourism portfolio holder, Councillor Michael Downes, said: “We are delighted that Britain’s Strongest Man is returning to Minehead for a second year running.
“We are happy to support national competitions of this calibre in West Somerset.
“All of the events held on our land are free of charge and give a lot of pleasure to local people and tourists.
“The council are thrilled to bring this event back to West Somerset because of the boost it provides to tourism and our local economy.
“We wish the contestants the best of luck in this great challenge.”
For more information on the event, go to Britain’s Strongest Man website at www.theworldsstrongestman.com.
  • Our photographs show (TOP) challenger Darren Sadler (MIDDLE) defending champion Terry Hollands, and (BOTTOM) challenger Ross Stone. Photos submitted.

Wednesday, 16 January 2008

Jobless see £1 million a year spending to help them find work

A £3 million drive has been announced in West Somerset to turn around long-term unemployment and to help people access training and education to improve their job opportunities.
The Government funding will be spread over the next three years.
West Somerset Council’s economic development portfolio holder, Councillor Michael Downes, said: “This is a welcome investment in West Somerset and we will make sure the resources are targeted wisely to get the maximum benefit for local people and the local economy.
“While much of West Somerset may appear to be a Garden of Eden to visitors, we are pleased the Government has recognised there is deprivation in the area and has taken steps to help us address the issue.
“Many people perceive deprivation as a problem of troubled inner-city estates, but these are not a feature locally and our crime rate is among the lowest in the country.
“However, we do have pockets of deprivation across a wide geographical area which are linked to low income and unemployment.”
Sixty-six local, and 21 transitional, authorities will receive a share of the Government’s new £1.5 billion Working Neighbourhoods Fund.
Funding allocations are based in part on the most comprehensive mapping of prosperity and deprivation across England.
The recently published Indices of Multiple Deprivation 2007 show that 20 per cent of men and women living in the most deprived fifth of areas are not in work.
Tourism, while a major employer in West Somerset, is seasonal by nature and many jobs do not exceed the national minimum wage.
More than 26 per cent of people in West Somerset are employed in this sector, compared to a South West average of 9.4 per cent and a national average of 8.3 per cent.
Allied industries such as the hotel and restaurant trades, where work can also be part-time and seasonal, employ 38.3 per cent of local residents compared to a national average of 23.5 per cent.
Councillor Downes said: “We also suffer from poor transport links to motorways and we have tight planning controls to protect our area’s natural beauty which makes it harder to find suitable, accessible sites for industry.
“We will work with partners and the community to support self-employed people and small businesses who will be helped to grow and in turn employ more local people.
“We need to attract suitable new businesses where possible, and assist the long-term unemployed to access training and education to get back into work.”
Council leader Councillor Keith Ross said: “This is good news for West Somerset.
“Any initiative that will help break the cycle of long-term unemployment and lack of economic growth is positive for all of us.
“It will help the local economy in the short-term, and build future prosperity so that the next generation will want to stay and work in West Somerset.
“The money will help us to develop a new approach to tackling the problem.
“We need to pull together as a community to deal with deprivation because it affects everybody.
“We are looking forward to working with local people and partners to meet the challenge.”

Friday, 11 January 2008

TWO new nuclear stations for Hinkley Point

NOT one, but two, new nuclear power stations are likely to be built in West Somerset following the Government’s decision this week to give the go-ahead for a new generation of power plants.
Hinkley Points C and D could be constructed and generating electricity in just 10 years’ time.
Meanwhile, the existing Hinkley B station could see its operating lifespan extended by a further two years to 2018, which would bridge the gap to the opening of the new stations.
Hinkley B owner British Energy still also owns sufficient land next to the now-closed Hinkley A station for the new power plants to be built.
Nearly two years ago, a Government-commissioned report made the Hinkley site a favourite for any new build.
Since then, British Energy has been undertaking detailed assessments of the location, including environmental, geological, and marine studies, and it now knows what work is needed to ensure the site is completely suitable.
In addition, the company has recently brokered a deal with the National Grid for new power plants to be connected from 2016 onwards.
It all adds up to the West Somerset site being progressed at ‘full speed ahead’ as the Government seeks to equip Britain with secure and cheap energy supplies.
Hinkley B station director Nigel Cann (pictured) told The Post: “We have done what we can to prepare ourselves for a positive outcome from the Government consultation process.”
Mr Cann said there was potential for a double unit to be built at Hinkley and it would make sense economically for any such decision to be taken from the outset of planning the new build.
Such a design would virtually double the amount of electricity generated at the site, which was important for the Westcountry as a whole because the region was one of the most vulnerable grid areas in the country.
Mr Cann said: “The Westcountry is very fragile from a grid point of view as regards supply of electricity.
“We are in a position where our (Hinkley B’s) connection to the grid is very valuable because if we were to close, then there is a risk of people losing their supplies in a cold winter.”
Hinkley B currently has capacity to produce enough electricity to power one million homes - just about every domestic property in the Westcountry - but has been running at only 70 per cent following two shutdowns for repairs last year.
Mr Cann said Hinkley B was also important to the local economy of West Somerset and the wider area because of the 700 skilled jobs available on the site and £30-£40 million of revenue which went into local communities.
The new station would create a similar number of jobs and provide the same kind of economic boost.
It is not yet known which companies would be commissioned to build the new nuclear stations, but French firm EDF Energy, which now owns the former South Western Electricity Board, has the experience and expertise and has already said it plans to build four in Britain.
British Energy said it was currently consulting on possible partnerships it might want to set up for new build schemes.
A small group of about 16 anti-nuclear protesters staged a peaceful roadside demonstration outside the Hinkley site on Thursday after the Government announcement and pledged to oppose any new build there.
Mr Cann said: “We have said nuclear is only part of the equation and we should still pursue energy efficiency and other solutions to close the energy gap.”
The largest union in the nuclear industry, Prospect, welcomed the Government’s decision to allow the construction of a new generation of nuclear power stations.
Assistant general secretary Mike Clancy said: “Nuclear energy is green energy, essential in the race to tackle climate change.
“New nuclear build is an essential part of a balanced energy policy that must embrace a wide range of low carbon options.
“It is crucial for the UK to meet the urgent priorities of climate change and security of energy supply.
“New build will yield major economic benefits by creating many thousands of new jobs - not only for those involved in operation, but also within the manufacturing and construction supply chain.”