Kenya Commercial Bank Limited (KCB.ke) 2019 Abridged Report

first_imgKenya Commercial Bank Limited (KCB.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2019 abridged results.For more information about Kenya Commercial Bank Limited (KCB.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.ke) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.ke)  2019 abridged results.Company ProfileKenya Commercial Bank Limited (KCB Bank) is a financial services institution in Kenya offering products and services to the commercial sector. The banking group offers a full-service offering for commercial and corporate clients and runs an Agency banking model. Its parent company, KCB Group, was founded as a branch of the National Bank of India in Mombasa. Grindlays Bank merged with the National Bank of India in 1958 to form the National & Grindlays Bank. The government of Kenya bought a 60% stake in National & Grindlays Bank and took full control of it in 1970; renaming it Kenya Commercial Group. It was renamed KCB Bank Kenya after a corporate restructure. KCB Bank Kenya is a wholly-owned subsidiary of the KCB Group. Its head office is in Nairobi, Kenya. Kenya Commercial Bank Limited is listed on the Nairobi Securities Exchangelast_img read more

Fiji home in on another HSBC Sevens World Series title – and No 1 seeding for Rio

first_img TAGS: FijiHighlight LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Island in the sun: Coach Ben Ryan watches over his series-leading Fiji squad (AFP/Getty Images) Clout of Africa: Kenya ruled in Singapore and have beaten all the world’s heavyweights (Getty Images)“Every other new tournament, Vancouver, Singapore, Cape Town and Sydney, has smashed it. Let’s hope Paris continues that and has a bumper crowd. It’s a hard ask given all the stuff (terrorist attacks) that’s happened recently, and it’s a bank holiday in France as well and it’s the European Cup final with (Paris team) Racing in it.”The rotation and resting of players that has marked the series will continue for the final two tournaments, London (21-22 May) wrapping up proceedings after the three-day Parisian showcase at Stade Jean-Bouin. England, for example, are resting Tom Mitchell, Dan Norton and Phil Burgess as they attempt to improve on a lowly eighth place. Their hopes are massively weakened by the dislocated knee injury to James Rodwell that prevents him playing in a 70th successive World Series event.Second-placed South Africa include Worcester’s Francois Hougaard among four changes, with Justin Geduld, probably the best goalkicker in the series, not being risked after a hamstring niggle in training.New Zealand (third) have Reiko and Akira Ioane back after their starring roles in Wellington and Sydney, Nick Cummins returns for Australia (fourth), and NFL star Nate Ebner, who bagged his first series tries against Portugal in Singapore, continues his Rio quest for fifth-placed USA.Fiji’s European-based stars haven’t been available until now and, having promised them an opportunity to compete for an Olympics place, Ryan admits he’s concerned about disrupting a squad that’s been functioning so well.One to watch: NFL star Nate Ebner continues his bid to make Rio as part of the USA team (Getty Images)“It’s not a bad thing that I have to keep the door open for some of our overseas players. And when I say that, I’m a little bit worried about how they’re going to perform, first time in the series.“But we’re talking about potentially the best winger in Europe in Josua Tuisova (Toulon), Leone Nakarawa (Glasgow), who was a star in the Rugby World Cup, Waisea Nayacalevu, who was Player of the Year for Stade Français, and Samisoni Viriviri (Montpellier), who was World Sevens Player of the Year two years ago. And these are guys I’m a little bit worried whether they’ll be up to standard! Perhaps I’m worrying about something I shouldn’t.”Back in the mix: Samisoni Viriviri is one of four Europe-based players back on board for Fiji (AFP/Getty)If they thrive, the new players will go into a 24-strong training squad for the Olympics announced straight after London. The players will have two weeks off before the hard work resumes, Ryan aiming to create a one-to-one battle for each of the 12 Rio places that must be named by mid-July, to comply with IOC regulations.There is time for the seedings to change but as things stand, Fiji are set to face USA, Argentina and hosts Brazil in their pool in Rio. South Africa and Australia would have to contend with in-form Kenya and core-team qualifiers Japan, while Great Britain would tackle New Zealand, France and the repêchage qualifier – probably Samoa – in the third pool.The top two in each pool, plus the best two third-placed teams, advance to the quarter-finals and no one, not even Fiji, can take anything for granted. The pieces are slotting together nicely for Fiji coach Ben Ryan, who welcomes an influx of overseas-based players for this weekend’s penultimate series tournament in Paris Softer toilet paper and being allowed to eat sausages were two of the treats sampled this week by the Fiji squad, who stayed at the deluxe Lensbury hotel in Teddington prior to heading for Paris.It was not their usual standard of accommodation but then this is not a usual year. Fiji may be on the brink of a second successive HSBC Sevens World Series title but the bigger picture is the Rio Olympics, hence the Government funding that is providing a bit of extra comfort for the world’s best sevens team.Best? The table tells the story, Fiji sitting eight points clear in the series after a potentially decisive Asian leg when only Kenya’s heroics in the Singapore final prevented them banking maximum points.“It’s been fascinating this year,” says Fiji coach Ben Ryan. “Every team would probably say they’d happily come bottom of the series if they won the gold medal in Rio. But as reigning world champions we’re desperate to go back to back.“And our goal at the beginning of the year was to go to Rio as No 1 seeds. The seedings are done over two seasons, based on World Series points, and we’re currently 18 clear of South Africa in that process. So barring a disaster we’ll be seeded one in Rio.”Cup runneth over: Fiji savour winning the USA Sevens in March, one of their three event titles in 2015-16Just as Clive Woodward piled on the pressure for England’s 2003 Grand Slam match ahead of that year’s World Cup, so Ryan used Hong Kong as a dress rehearsal for Rio.“We’ve put a focus on the series because it’s what you want going into a big competition. We put a big focus on Hong Kong. We told the players, ‘We’ll get you to a mini peak from a fitness point of view, we’ll apply pressure to you, we’ll say, ‘We have to win this tournament’, and we’ll see how you get on.”They got on rather well of course, as they invariably do in three-day tournaments especially, and in taking the title they demonstrated their remarkable powers of recovery as Saracens signing Savenaca Rawaca scored in the final seconds to rescue them in the quarter-final against Kenya.Their knockout wins against Australia and South Africa in Singapore were similarly dramatic. But the fact Kenya, progressing from the easier half of the draw, then caned them 30-7 in the final was a reminder that nothing comes easy in a sevens world of ever-decreasing margins.In the inaugural Paris Sevens of 2000, New Zealand beat South Africa 69-10 in the final, a thrashing that would be unthinkable nowadays against any team on the circuit.New Zealand’s Craig De Goldi breaks a tackle during the 69-10 Paris rout of South Africa in 2000 (Getty)France has only hosted three series events since, in Bordeaux (2004) and Paris (2005 and 2006), and Ryan is hoping the public gets behind the new venue.“European rugby’s a long way behind southern hemisphere sevens as far as structure and season goes, and the respect it’s held in. So it’s good to have a tournament on mainland Europe again,” says the Londoner, who has never taken a side to France’s capital having started with England in 2007. For the latest Rugby World subscription offers, click here.last_img read more

Did Apopka miss an opportunity for greatness?

first_img Fannie No government action can ever help those who refuse to help themselves. May 9, 2017 at 6:14 am Florida gas prices jump 12 cents; most expensive since 2014 Sandra Reply I agree with Fannie, this city is divided, but i believe it is divided because of the leadership of the Mayor. I voted for this guy expecting that he would bring change, he has, he has bought discredit to this city and as it stands now presented this city as a place for corruption. He does however have a commission that follows him lock step and thus is the overall problem. This mayor does everything for his benefit and not the benefit of the citizens. I don’t believe in preferential treatment for south Apopka, but after having driven past there many times, I understand their issues, just treat them like everyone else and they would be happy with that. Lastly while the city is divided, me and my neighbors and neighborhood gets along just fine. Seems like the problem is downtown. I googled community redevelopment agency and now where did it come back as downtown or business redevelopment so i could only conclude that this money is not exclusively for downtown development that by some miracle benefits the community as Fannie would suggest. I relocated to Florida 10 years ago, Winter Garden looks pretty good right about now. Reply OpinionBy Greg Jackson, Esq.Greg JacksonIn June of this year, I will join Rod Love and Randy Nelson, Ph. D, as guest speakers at the 32nd National Conference on Preventing Crime in the Black Community, which is hosted by Florida Attorney General Pam Bondi. As many of you know, although I am a civil trial attorney with a diverse business, land use, and community redevelopment background, I have been called on to speak on the topic of crime prevention for a number of years. More recently, using my experience as a redevelopment consultant, I took an unprecedented stance stating that due to two of the more prevalent root causes of violence and crime in underserved communities — poverty and lack of economic opportunity — I believe efforts must be made to address those causes from an economic standpoint. Not only have I taken that stance as a contributing writer to The Apopka Voice, but I have taken and supported that position during news interviews, in presentations before residents and community leaders, in private with elected officials, in the Apopka Task Force’s report, and recently before the Apopka City Commission.Going into the 32nd National Conference, it would have been great to hold Apopka up as the shining example of how an unorthodox approach could effectively address a longstanding issue with crime and violence. My approach calls for the use of available funds through a Community Redevelopment Agency (“CRA”), which Apopka has such an agency, to provide adequate housing and business opportunities within an underserved community. This particular use of CRA funds would provide much-needed resources to combat the symptoms of violence and crime — which again are poverty and lack of economic opportunity. Before leaders from across the country who are seeking strategies to prevent crime through educational, economic and social initiatives, it could have been a proud moment for Apopka to be highlighted on a national stage as a municipality that partnered with its residents, businesses, as well as affiliates, to identify solutions to this pressing issue. It would have been refreshing to announce how Apopka opted to properly use CRA funds to meet the intent of Chapter 163, Part III, Florida Statutes, to address and eliminate “slum” and “blighted” areas of the community through working programs that include affordable housing, small business development, and community policing innovations.Unfortunately, however, as I present to the attendees of the 32nd Conference our findings from the Apopka Task Force meetings and the recommendations made by Mr. Love, Dr. Nelson and myself based on Apopkans input, the story I tell will be far different. Instead of praising Apopka as a pioneer in developing a strategy to address crime and violence using CRA funds intended for that very purpose, I will implore leaders from across the country not to follow the lead of most CRA’s that put their respective visions over the needs and issues of the residents living in its underserved communities. (NOTE: With CRA’s, the executive director of the agency is typically charged with setting its vision and Apopka appears to be no different.) I will implore leaders from across the country not to dismiss the efforts and hard work of professionals who come together to freely offer their skills, knowledge, and experience to better the community. I will implore leaders from across the country to focus on the community in need and not business interest profits when allocating resources to promote economic development.Like many of you, I consider Apopka a great city with great communities and residents. Apopka is not just rich in history, but also in potential and opportunities. For the most part, residents of Apopka care about each other and want to help each other to be better and live better because at the end of the day that is good for Apopka. What Apopka is lacking, however, is a truly collaborative relationship between its government and residents to implement change in its underserved areas. And, as long as residents’ needs within the CRA boundaries are not taken into consideration in the vision of the CRA, opportunities to be pioneers of positive change from the perspective of addressing poverty and lack of economic opportunities for the benefit of residents in those areas, not businesses, will be missed — in my humble opinion.Greg Jackson is a former Assistant Attorney General for the State of Florida, veteran, current Orange County District 2 Representative on the Board of Zoning Adjustments, and General Counsel for the Community Redevelopment Agency. He has been as an active member of the Central Florida community for nearly 20 years. He was most recently a candidate for the Florida House District 45 seat. Reply Please enter your comment! Share on Facebook Tweet on Twitter I am inclined to believe that Apopka will not advance until our leaders and citizens open their hearts and learn to respect the diversity and work together. Maybe with different leadership, attitudes will change.I’ve lived in and visited many towns similar to ours and nowhere did I see a community this small so divided.(politically and economically). The majority of us are probably in the low to moderate income bracket.There are blighted areas all over this city, but some only think that South Apopka is blighted.Using CRA funds to improve what was originally “downtown” would benefit the entire community. You have entered an incorrect email address! Please enter your email address here May 8, 2017 at 8:01 pm Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom David 3 COMMENTS UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 May 9, 2017 at 1:44 pm Apopka City Hall LEAVE A REPLY Cancel reply Please enter your name here TAGSGreg Jackson Previous articleApopka Youth Works hosts financial literacy eventNext articleThis day in Florida history: Skyway Bridge collapses Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment.last_img read more

Crusaid secure pro-bono posters for Tube campaign

first_imgRobin Brady, Chief Executive at Crusaid concludes: “With the generous assistance of Euro RSCG Wnek Gosper and Viacom Outdoor, Crusaid is determined to ensure that World AIDS Day 2003 does not pass by unnoticed.” Crusaid secure pro-bono posters for Tube campaign Crusaid, the national fundraiser and leading independent grant maker for HIV and AIDS, has secured donated design and display services for its new poster campaign.Crusaid’s poster campaign is appearing on the London tube and aims to raise awareness of the link between HIV/AIDS and poverty.Issued to coincide with World AIDS Day 2003 on 1 December, the posters have been designed on a pro-bono basis by Euro RSCG Wnek Gosper and feature personal case studies highlighting the fact that a positive HIV diagnosis exacerbates poverty. The campaign has been further supported by Viacom Outdoor with the use of 500 sites across the underground network. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 12 November 2003 | Newscenter_img Tagged with: Consulting & Agencies Individual giving  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

‘Wizard Rock,’ 1-ton boulder that disappeared from Arizona forest, ‘magically’ returns

first_imgU.S. Forest Service(PHOENIX, Arizona) — A beloved 1-ton boulder in one of Arizona’s national forests has “magically” returned after visitors reported it missing last month.Wizard Rock, a black boulder with white quartz running through it, was reported missing from the Prescott National Forest by several residents last month, according to the United States Forest Service.On Friday, a forest employee who was patrolling the Prescott Basin made the “surprising discovery” of the reappearance of the boulder.It is unclear how the gargantuan rock was removed and returned without a trace. Permits are required to gather and remove most forest products, including rocks, minerals, firewood, plants and trees.The rock is “special to the community,” forest officials said.“We are thrilled the Wizard Rock was returned, and are grateful that whoever took it was conscientious enough to give it back to the public,” Sarah Clawson, district ranger for the Bradshaw Ranger District, said in a statement. “National Forests provide so many benefits to the American people, and when something like this happens, it highlights the intrinsic value of natural beauty in all forms.”Forest managers are considering moving the rock to a new location so that “its beauty and uniqueness can be more easily seen by visitors.”Copyright © 2019, ABC Audio. All rights reserved.last_img read more

State tweaks housing conversion proposal for offices, hotels

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Gov. Andrew Cuomo (Getty/Illustration by Kevin Rebong for The Real Deal)The state has tweaked its proposal for the conversion of offices and hotels to housing, limiting which buildings would be eligible. But some feel that the measure still doesn’t go far enough in creating new affordable housing.Gov. Andrew Cuomo’s initial budget bill offered a temporary window for owners to override local zoning rules to turn vacant and struggling office properties into housing. Now, a series of amendments provides that only certain old office buildings and new ones in financial distress could be converted.Specifically, the measure applies to office properties that either had a certificate of occupancy as of Jan. 1, 1980, or had one as of Dec. 31, 2020, and are also bankrupt or under receivership.Two options for meeting the initial measure’s affordability requirements have also been eliminated. Hotels and offices that are converted must set aside 25 percent of residential units as affordable, through an agreement with the state’s housing regulator. In an earlier version, that threshold was 20 percent, and property owners could opt to use the property for supportive housing or pay into an affordable housing fund.The amendments also shorten by two years the time that owners have to pursue such conversions. The law would expire at the end of 2024.But some feel the measure largely incentivizes the creation of market-rate and luxury housing.“Big picture, I don’t think this is the proposal we need right now,” said Rachel Fee, executive director of the New York Housing Conference. “On balance, this is going to add to our supply of luxury rentals.”State Sen. Brian Kavanagh has pitched an alternative that would automatically approve certain hotels for residential use. Under a separate bill, hotels could be used to house low- to moderate-income tenants through an agreement with the city’s Department of Housing Preservation and Development.At least part of a hotel must be within 800 feet of a district that allows residential use to be converted into housing. Certificates of occupancy issued to such hotels would simultaneously be authorized for residential use. Unlike the budget measure, this bill would not expire.In an interview, Kavanagh said his bill focuses on hotels because they are likely easier to convert than office buildings. The 800-foot clause aims to allow conversions in areas with necessary services, such as transportation, and not in manufacturing zones.“We don’t want to lose hotels that we need just to create more luxury housing,” said Ted Houghton, president of Gateway Housing NYC, who advised on the Kavanagh bill. “We want to find hotels that are in real distress that can be used for affordable housing for homeless New Yorkers and those in need.”Cuomo’s new budget language includes a change similar to Kavanagh’s bill, calling for every certificate issued for hotels to allow for residential occupancy as well, in cases where the developer has an agreement with the state to set aside units as affordable.Like the rest of the budget bill, it does not define affordable housing but leaves that distinction up to the state’s Division of Homes and Community Renewal or the city’s housing agency. This provision would also expire in 2024.“These proposals speed development through what would be years of bureaucratic processes by allowing for the conversion of unprecedented vacancies in commercial spaces to highly needed affordable and supportive housing,” Freeman Klopott, a spokesperson for the state Division of the Budget, said in a statement.He noted that the 25 percent set-aside is a baseline requirement and that the budget bill leaves the door open for the state to impose further regulations.The changes to Cuomo’s amendments have created some confusion over whether hotel and office conversions would be permitted in manufacturing districts. Klopott said such conversions would be allowed. The amendments, he said, would not affect residential conversions in districts where they are already allowed.The geographical boundaries for hotels and offices eligible for conversions have also been changed. The budget bill would apply to office buildings below 60th Street in Manhattan, expanding the previous area, which was largely limited to Midtown.The amendments reverse the boundaries set for hotels in Manhattan, now excluding those between the Financial District and 110th Street. Hotels north of that or outside Manhattan are eligible for conversions, according to the amendments.The changes to the budget measure appear to ignore the concerns raised by Mayor Bill de Blasio, who complained that it supersedes local zoning and hands control to “wealthy real estate interests.”Mitch Korbey, partner and chair of Herrick’s land use and zoning group, said the discussion of recycling existing building stock, especially to create affordable housing and help the city recover, is important. But he said several issues need to be addressed by the city and state.“The question really is, how best to vet these ideas and how best to assess their impact?” said Korbey. “What does it mean for density levels if a building can just create hundreds of units in a former office building? If you can, what does that say about the ability of the local infrastructure to handle it?””Contact Message* Andrew CuomoOffice conversionscenter_img Email Address* Tags Share via Shortlinklast_img read more

The influence of sunspot number and magnetic activity on the diurnal variation of the geomagnetic field at mid to high latitudes

The variations of the diurnal range of the geomagnetic field with sunspot number and with magnetic activity was studied at mid and high latitude stations in the northern hemisphere at different seasons. The effect of increasing sunspot number is small at lower latitudes and increases with geomagnetic latitude, while the effect of increasing magnetic activity is to increase the range at all latitudes, very greatly at the higher geomagnetic latitudes.

Dons get birthday honours

first_imgFour Oxford Dons have been acknowledged in the Queen’s Birthday Honours list in recognition of their service to science.Professors Christopher Hood and Wendy James were made CBE, while OBEs were awarded to Professors Richard Darton and Jeremy Thomas.After the publication of the official list on Saturday, a spokeswoman for the University told Cherwell: “The University takes pride in having so many academics who lead their fields, and many have been recognised over the years.”Professor Darton, a senior research fellow at Keble who set up the Univeristy’s Chemical Engineering course in 1991, said the honour for services to Engineering is “slightly overwhelming.”“Tackling the major issues of sustainable development will require enormous efforts and creativity, not least from engineers, so we appreciate this recognition and the encouragement it brings.”Fellow of New College and the Centre for Ecology and Hydrology (NERC), Professor Jeremy Thomas said that coming to Oxford in 2007 had given his work “a further fillip”.Thomas was “delighted” to be recognised for services to science within his area of special interest in conservation biology. In 2009 he was responsible for the restoration of the Large Blue Butterfly species to degraded landscapes across Europe.Professor Wendy James CBE has worked on humanitarian assistance in Africa, as well as teaching in the Universities of Khartoum, Bergen and Aarhus.Once Professor of Social Anthropology and a fellow at St Cross, Professor James said she was “elated and proud” to have been honoured for services to scholarship.This is not her first prestigious award for academia, having already been inducted into the British Academy twelve years ago.Professor Christopher Hood, whose research interests include the study of executive government, regulation and public-sector reform, was recognised for his services to social science.Gladstone Professor of Government and fellow of All Souls, Professor Hood admitted to being “apprehensive” of accepting his newest title.“What did I feel? Surprised. Flattered. A bit apprehensive. I wished my parents were still alive,” he commented. “It’s easy to get puffed up about these things and lose perspective.”last_img read more

Push for estranged student policy reform begins

first_imgAlmost half of Oxford students who have been estranged from their families are forced to “couchsurf” during the vacations, or would otherwise be homeless, according to a new SU report.Authored by SU VP for Welfare and Equal Opportunities, Ellie Macdonald, the report gathers testimonies from 41 estranged students studying at the University.The report also reveals that over a third of estranged students worked during term time, as well as in the vac, in order to make ends meet.Macdonald said she wrote the report because it is “an issue close to my heart”. She said: “it’s a shame that although colleges do deal with it on an informal basis, there are no formal processes in place to help students who find themselves without family support whilst on course.“Before this research took place, there was no information at all around estranged students at the University of Oxford and so I’m really hopeful that this report can help change things.”Macdonald submitted her report for to the university-wide Domestic Bursars Committee yesterday, aiming to get the University and its colleges to adopt the Stand Alone Pledge, a statement committing educational institutions to supporting students without a family network.Whilst the report is based on the experiences of 41 students, the SU estimate there are at least 200 Oxford students who have no family support.Further statistics detailed in the report show that half of the estranged students involved in the report felt they could not approach their college for support, whilst 58% reported severe mental health problems as a result of burnout, stress, and isolation.43% of the students interviewed had difficulty in securing college accommodation, and 45% felt that bursaries were not enough to survive on and had difficulty accessing other funds.Macdonald told Cherwell: “If Oxford is interested in helping its graduates use their Oxford education as a foundation stone for their later success, then the University must recognize it has a duty of care towards estranged students especially in ensuring their university experience is at no significant disadvantage to their non-estranged peers.”last_img read more

News story: Tees Valley has ‘key role’ in new economy

first_img We are investing in improving connectivity, strengthening skills, supporting enterprise and innovation, and promoting trade – building an economy that works for everyone, and making Tees Valley an even better place to live and work. Treasury Minister Robert Jenrick today (31 August 2018) visited the Tees Valley to see how innovative local businesses in the area are helping drive the new economy.The Exchequer Secretary was in the region as part of a UK-wide tour. He met with Tees Valley mayor, Ben Houchen, to hear how the local area is benefitting from its landmark devolution deal, which included new powers over transport, skills and business support, and £450 million of extra government support.The Minister was hosted at the South Tees Development Corporation and discussions included how £123 million of funding, announced by Chancellor Philip Hammond in the 2017 Budget, would keep the former SSI steelworks site safe and pave the way to crucial regeneration.He also visited the Centre for Process Innovation, which this month received £109 million of government funding. The centre is leading the way in designing new manufacturing methods to take prototypes to products on the market across a range of cutting-edge industries including pharmaceuticals, aeroplane and automobile engines and electronics.The government is supporting enterprise and innovation across the country so all areas can enjoy the benefits of economic growth. There are currently 55,000 more people in employment in the North East than in 2010 and 18,800 more businesses. The area recently received an extra £59 million from the government’s new transforming cities fund – to improve transport links and better connect people to jobs.Speaking on the visit, Mr Jenrick said: This area has a key role to play in the new economy and by working closely with local leaders we will ensure the Northern Powerhouse continues to boost growth and productivity across the country.last_img read more