Category 2013 News

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Autumn Statement Special: Business rates burden eased by £1billion

WNJ welcomes business rates cap

The Chancellor’s announcement that he will be capping business rate rises at two per cent is an early Christmas present for the UK’s hard-pressed High Streets.

It is estimated that the overall package of business rate relief measures unveiled in the Autumn Statement, will mean the Government banking more than £1billion less in the year 2014/2015.

As well as the small business rates relief, a £1,000 discount on rates for the next two years has been announced for pubs, restaurants and small shops.

Ian Johnson, a partner at WNJ, welcomed the moves and said they would make a difference to the retail and leisure sector.

He also called for the reform of business rates the Coalition is discussing to start before the next election.

He said: “There is no nee...

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‘Cut red tape, it’s strangling business,’ WNJ tax expert warns Chancellor

Matthew Hindle

Matthew Hindle, WNJ tax specialist

Chancellor George Osborne is being urged not to add to the already heavy burden of taxation red tape facing North West businesses when he delivers his Autumn Statement this week.

Matthew Hindle, Tax Partner at leading Lancashire accountants and business advisors WNJ, says introducing more specifically targeted anti-avoidance rules is unnecessary and would complicate the system even more.

Matthew is speaking in advance of the annual Autumn Statement, to be given by The Chancellor of the Exchequer, George Osborne, to Parliament on December 5, along with an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility.

Matthew said: “With the advent of the General Anti Abuse Rule (GAAR) in the 2013...

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Estates Gazette on Portergate in Preston: A question of confidence

Estates Gazette Masthead

This week, Estates Gazette, the property industry bible, turns its focus onto Preston.

Simon Donohue, a business journalist specialising in the North West, asks who will take the plunge to deliver much-needed new office space in the city?

His feature, titled A Question Of Confidence, examines the task facing Preston Council to restore confidence in the city following the inevitable collapse of the all-or-nothing £700m Tithebarn regeneration plan.

Estates Gazette Feature Photo

Donohue believes bold and speculative developers, such as Portergate Property Management, need to lead the way writing: “There has been some success in attracting investment; student accommodation is being brought forward by Portergate Property Management, which has planning permission for 260 en-suite student bedrooms.”

Preston Council sho...

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CPUK proves a class act with £2m college contract

Work is set to start on a new three-storey teaching block at a leading North West sixth-form college.

Construction Partnership UK (CPUK) has won the £1.95 million building contract at the highly-acclaimed Loreto College in Hulme, south Manchester.

The new building will provide the college, which is top of the league tables for A Level grades in Manchester, with a stylish new entrance and reception at its Chichester Road South campus.

Sited in the existing college grounds, the brick-clad block will also house classrooms and new amenities areas for students and staff.

CPUK expects to start on site later this month [November] and the new building is due for completion in July next year.

The contract is the latest in a string of appointments in recent months which has seen CPUK’s order book ...

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Conran hits the heights in Brighton

Conran and Partners has been appointed to work on the maintenance and refurbishment of the tallest residential tower on the south coast of England.

The architecture and design practice will be giving its specialist advice to the board of Sussex Heights in Brighton as it looks to put together a programme of works for the building that includes window replacement.

The Conran team in Brighton will develop a window design guide and look at treatment options for the landmark building’s mosaic façade.

It will also help to put together a plan of works to address the building’s immediate and long-term maintenance issues.

The luxury 24-storey apartment block is close to the West Pier in Brighton, immediately behind the Brighton Hilton Metropole Hotel.

There are 115 flats on 23 floors and a l...

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£18m sports village in Lancashire goes in for planning

Main Stand Visualisation - low res

An ambitious vision to create an £18 million sports and science park that could bring hundreds of new jobs to the Fylde is being reported on by business media in the North West.

North West Business Insider Masthead   North West Business Insider – Plans In For £18m Fylde Scheme

 
The Business Desk Masthead  The Business Desk – Plans In For £18m Mixed Use Kirkham Scheme

Place North West Masthead  Place North West – PWA Submits Plans For Kirkham Sports And Science Village

£18m Fylde sports and science park vision submitted to planners

The application for planning permission to build the Mill Farm Sports Village in Kirkham, which also includes a range of community sports facilities, has been formally submitted to planners and will be considered by Fylde councillors later this year.

If it gets the go-ahead the first phase of the development could be completed b...

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Portergate launches ‘The Final 42’ investment prospectus

financial_times (2)  An exceptional investment opportunity – The Final 42 –  is being launched by Salford’s newest student accommodation provider on November 11.

The Final 42 investment prospectus from Portergate Property Management sees the last luxury rooms at Riverside House in Salford go on sale to investors with guaranteed yields and ‘buy back’ options.

Portergate has sold 200 rooms in the 242-hotel-class hall of residence which opened its doors to students in September in a purpose-built accommodation building on the River Irwell close to the University of Salford and to Manchester city centre.

Portergate has new student accommodation projects in the North West worth more than £20 million and has more than 500 en-suite bedrooms built, on site or with planning permission.

The company has alread...

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Canal Trust & Preston Council Called On To Build Lido

WINNER: canaLIDO by Aynsley Gray, Jamie McAllister: A proposal to bring a dying area of the canal back to life through a community lido

A plan to transform the Lancaster Canal basin in Preston into a community lido has beaten 22 finalists to win the North West section of the RIBA’s Forgotten Spaces contest.

The vision of architecture students, Aynsley Gray and Jamie McAllister, canaLIDO was the judges’ unanimous winner in the high-profile ideas competition aimed at revitalising disused sites. The duo won £5,000 for the idea that could see the opening stretch of the Lancaster canal in Preston city centre transformed.

Now, it is up to the Canal & River Trust, Preston Council and other bodies to see the project through to completion, otherwise a genuinely exciting and innovative idea will have been wasted.

RIBA North West teamed up with Preston City Council and the University of Central Lancashire (UCLan), with the su...

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Conran’s £136m Green Man Lane phase II regeneration masterplan gets the go-ahead

Housing - Private and Social

The ambitious next phase in the £136 million masterplan to regenerate Ealing’s Green Man Lane has been given the go-ahead by planners.

The second stage of the redevelopment project, created by Conran and Partners, Sir Terence Conran’s architecture and design practice, aims to deliver 212 much-needed new homes for the London Borough of Ealing.

The entire eight-phase scheme is being delivered in a partnership between developers A2Dominion and Rydon.

On completion, it will provide a mix of 706 one to four bedroom dwellings all with generous living spaces along with communal facilities including a gym, cafés and public parks.

The plans for this next part of the development, which include modern, stylish homes – most with private balconies or their own terrace – spacious plazas and commu...

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Portergate Interview In Business Insider

NWBI - November copy

‘Chinese Money Fuels Development Pipeline’ says the November issue of North West Business Insider magazine.

Simon Donohue interviews Anthony Jackson, chairman of Portergate Property Management, who led a successful investment and trade mission to China last month.

He writes: “Deals secured by Portergate are indicative of a wider trend of overseas investment in property across the North West.

“The UK is seen as a safe haven for property investment and Manchester is a natural second choice for investors outside London where investment opportunities are either too expensive or simply not available.”

To read the full feature buy North West Business Insider here: North West Business Insider – November Issue

 

 

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