Clearview South August 2013 - Issue 141 - Page 72

BUSINESS Fourth of Regional Growth Fund announced The government has announced selected projects and programmes for the fourth round of the government’s Regional Growth Fund. Selected projects and programmes for the fourth round of the government’s Regional Growth Fund (RGF) have been announced by the Deputy Prime Minister, Nick Clegg. The Deputy Prime Minister announced that 102 companies and projects that applied for funding have been successful, following the most competitive round of the Fund so far. The companies will take a share of a £506 million pot of funding to attract significant private sector investment and create thousands of jobs across the country. The half a billion pounds of investment will help to rebalance the economy by supporting these 102 different projects and programmes from all sectors, small businesses and local partnerships across England, helping them to expand their operations, create new jobs and stimulate private sector growth. Visiting Toyota in Derbyshire – one of the companies that will receive a share of the money, the Deputy Prime Minister said: “The different projects and programmes from this round will leverage £2.8 billion of additional private sector investment and create or safeguard 77,000 jobs. When added to the success of the first three rounds this represents a total of £15 billion private sector investment. Charter Recommended By MPs To Stop Payment Abuse The Fair Treatment Charter, created by Ltd’s founder and construction contracts expert Barry Ashmore, has been given formal recognition by MPs following the All Party Inquiry report. The report called for the Government to “work with SMEs negotiate, for example, a Fair Treatment Charter” in order to help SMEs avoid payment abuse. The Fair Treatment Charter (FTC) was suggested by Ashmore to the all party inquiry, held in April and chaired by Debbie Abrahams MP. Whilst the inquiry, was about late payment in all UK industries, it was considered that the construction industry suffers the worst. The FTC has 12 simple points, all with the aim to level out the playing field for UK Specialist Contractors within the construction industry and prevent late payments and unfair treatment by large contractors. Ashmore put it forward as an effective solution to the issue that could be implemented almost immediately at virtually no cost to the UK Government. An attractive feature in these economically challenging times. The report detailed further findings and recommendations, including the mandatory publishing of payment-times and performance data for the supply chain to access, and making fair payment a contractual requirement on all Government jobs. Ashmore welcomed the publication of the report saying that “allowing a culture of late payment and brutal financial treatment to persist unchallenged is just plain wrong, and I am pleased that this report has given the StreetwiseSubbie Fair Treatment Charter formal recognition.” Download the full report and a copy of the FTC at UK unemployment levels fell again in May The number of people out of work and claiming benefits in the UK is expected to have fallen again last month as the economy’s recovery feeds th rough into the jobs market. Although youth unemployment was down by 20,000, the number of long-term jobless rose by 15,000. The number of people classed as economically inactive also increased in the latest quarter, up by 87,000 to 9.04 million. Meanwhile, average earnings including bonuses in the UK rose by 1.7 per cent. Analysts had expected an increase of 1.4 per cent following a 1.3 per cent rise in the prior month. Excluding bonuses, average earnings were up one per cent (1.1 per cent expected, 0.9 per cent previously). The most surprising news came from the drop in number of people claiming jobseeker’s allowance. The figure fell by 21,200 in June, against expectations of a fall of 8,000 following the previous month’s drop of 8,500. Some 4.4 per cent of the population now claim jobseeker’s allowance, down 0.4 percentage points from a year earlier. Source: ‘youth unemployment was down by 20,000’ The ONS said, the employment rate for those aged from 16 to 64 was 71.4%, down 0.1 percentage points from December 2012 to February 2013 but up 0.6 from a year earlier. There were 29.71 million people in employment aged 16 and over, up 16,000 from December 2012 to February 2013 and up 336,000 from a year earlier. The International Labour Organisation measure of unemployment includes jobless people who want to work, are available to work, and are actively seeking employment. The 102 selected companies and intermediaries were selected through a competitive process from a list of 309 applications, which asked for over £1.9 billion. 72 AUG 2013 To read more, visit