BUSINESSiQ Editor Mike Hughes looks back at a year of great change for North East businesses
JANUARY:
HOSPITALITY and leisure sites will be able to claim a one-off grant of up to £9,000, the Government has announced. The payments will cost the Treasury £4.6 billion and are aimed to help support the high street as new lockdown measures take hold.
HIGH street bakery chain Greggs has said it is set to slump to an annual loss and warned profits will not recover until at least 2022 as the pandemic hammers sales.
THE UK economy may be heading into double-dip recession – but the North-East remains optimistic. New figures revealed the UK economy shrank by 2.6 per cent in November as the country continues to grapple with Covid.
MORE than 12,500 businesses in the North-East have reported “distress”, according to research by rescue and recovery specialist Red Flag Alert.
FEBRUARY:
THE Centre for Process Innovation at the Wilton Centre in Redcar has been given £4million in funding to support the expansion of bio-manufacturing facilities in the…
