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Farnborough Airport Boosts UK Economy, Crowe UK's Manufacturing Manifesto, and Start Up Loans' Impact
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These are the top stories making the headlines across The Business Magazine website today:
Flights from Farnborough Airport contribute £1.9bn GVA to UK, study shows
A recent CBI Economics study has shown that business aviation flights from Farnborough Airport contribute £1.9 billion GVA to the UK economy annually and support 23,000 full-time equivalent jobs.
Full story here: https://thebusinessmagazine.co.uk/companies/flights-from-farnborough-airport-contribute-1-9bn-gva-to-uk-study-shows/
Crowe calls for government action on manufacturing
According to an analysis by Make UK, the UK has fallen to 12th place globally in national manufacturing output, leading Crowe UK's Head of Manufacturing to call for government intervention through a newly produced Manifesto for Manufacturing.
Full story here: https://thebusinessmagazine.co.uk/manufacturing-engineering/crowe-calls-for-government-action-on-manufacturing/
South West businesses benefit from £11m of loans in the past year
In the past financial year (2023-2024), Start Up Loans, a division of the British Business Bank, has distributed over £11 million in loans to South West businesses, offering crucial funding and mentoring support to companies unable to secure traditional financing.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/south-west-businesses-benefit-from-11m-of-loans-in-the-past-year/
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