News Tag: funding
March 11, 2010
Mobile phone operator O2 this week announced a £5 million project offering cash-in-hand grants to young people who plan to make a difference in their local communities.
The three year programme, Think Big, will allow 13-25 year olds to apply for a £300 grant to fund projects designed to address local problems as identified by young people.
Successful project will be eligible ...
O2 sets aside £5m for community projects
by David Masters
December 16, 2009
Shares in Watford Football Club have been suspended after its parent company, Watford Leisure, warned it may enter administration.
The Club, nicknamed The Hornets, is currently 10th with 30 points in the 24-team Coca-Cola Championship.
Watford Leisure recently announced it would run out of cash before Christmas if it did not secure further funding and has been asked to pay back £4.9 ...
Watford FC on the brink of administration
by Kay Murchie
December 7, 2009
Struggling Japan Airlines (JAL) saw it shares soar 7% to 107 yen today after speculation that the Japanese Government is looking to guarantee about 700 billion yen ($7.8 billion; £4.7 billion) in loans to the debt-laden airline.
Since 2001, JAL, which is Asia’s largest carrier, has been bailed out four times by the Government.
The airline has been struggling amid the global ...
JAL shares up on Government funding rumours
by Kay Murchie
October 14, 2009
The Commerce Department today revealed a fall in US retail sales for the month of September as the US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme ended.
According to the organisation, retail sales in the world’s largest economy fell 1.5% on the month - the largest amount in 2009 to date.
The news comes after a ...
US retail sales fall as scrappage scheme ends
by Kay Murchie
September 28, 2009
It has been reported that Business Secretary Lord Peter Mandelson will today announce that the car scrappage scheme, branded ‘Cash for Bangers’ will be extended.
The scheme, which was launched on 18 May to boost the ailing car industry, pays consumers £2,000 to get rid of their old cars and replace it with a more environmentally friendly car.
The £300 million initiative ...
Mandelson to announce extension of scrappage scheme
by Kay Murchie
September 24, 2009
Struggling Japan Airlines (JAL) has confirmed it has asked the Government for public funds to strengthen its capital base and save it from collapse.
The news comes just a week after the loss-making carrier announced plans to cut its operating schedule and reduce headcount by almost 7,000.
JAL president, Haruka Nishimatsu, said he is also proposing a major restructure after meeting with ...
Struggling Japan Airlines seeks Government funding
by Kay Murchie
September 4, 2009
The Society of Motor Manufacturers and Traders (SMMT) has today revealed a further rise in car sales as a result of the Government’s car scrappage scheme.
The scheme, which was launched on 18 May to boost the ailing car industry, pays consumers £2,000 to get rid of their old cars and replace it with a more environmentally friendly car.
According to ...
Scrappage scheme continues to be a success
by Kay Murchie
August 10, 2009
Official figures released today show that orders for the scrappage scheme have reached 154,927.
£300 million was put aside from the Government, along with the matched funding from manufacturers - enough to fund 300,000 transactions. Consequently, over half of the money within the scheme has been spent.
The Government’s car scrappage scheme, branded ‘bangers for cash‘ was launched on 18 May and pays ...
Scrappage scheme reaches halfway mark
by Kay Murchie
August 7, 2009
The US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme has received an additional $2 billion (£1.19 billion) - approved by the US Senate, after an initial $1 billion ran out in just 10 days.
The “cash for clunkers” scheme has been designed to help bring the US economy out of recession by boosting new car sales. Car ...
US scrappage scheme receives further $2bn
by Kay Murchie
July 27, 2009
The government has launched a new fund to help struggling voluntary organisations through the recession.
Any UK charity that offers services to vulnerable and disadvantaged people can now apply for a grant of up to £250,000 from the £16.7 million Hardship Fund.
Organisations applying for a grant must be suffering financial difficulties that impact their ability to provide housing support, health care, social care, ...
Hardship Fund helps recession-hit charities
by David Masters
Government to kickstart mothballed housing projects
by Gill Montia
July 26, 2009
The police unit responsible for fighting car crime has been awarded a £300,000 grant from the Home Office.
The Association of Chief Police Officers’ Vehicle Crime Intelligence Service (AVCIS) will use the grant to identify trends in vehicle break-ins.
The funds will also be used to work out the best ways of recovering stolen vehicles.
Acting Detective Chief Inspector Mark ...
Extra funds to tackle car theft
by David Masters
July 1, 2009
The government has announced plans to set up a venture capital fund to be worth an estimated £1 billion over the next ten years.
The Department for Business, Innovation and Skills said the money will be targeted at small businesses and start-ups in the technology sector.
Priority will be given to companies with high growth potential and a focus on the digital ...
Government allocates £1bn for new businesses
by David Masters
May 18, 2009
In a bid to boost the fall in demand for new cars, the UK’s car-scrappage scheme comes into force today.
The scheme, which pays consumers to get rid of their old cars and replace it with a more environmentally friendly car, has been successful in overseas, particularly in Germany who reported a 40% increase in new car sales for March.
The £300 ...
‘Bangers for Cash’ scheme now in force
by Kay Murchie
April 7, 2009
UK carmakers, Jaguar Land Rover and Nissan, have today received £720 million worth of funding, in return for investing in cutting vehicle emissions.
The funding was approved by the European Investment Bank (EIB), the EU's main source of long-term lending, and is the first such package provided to any carmaker.
Jaguar Land Rover was awarded £340 million (€366 million), while Nissan was ...
UK carmakers receive funding for fuel-efficient vehicles
by Kay Murchie
March 23, 2009
According to the Economic Survey of Charities larger charities whose incomes are between £100,000 and £1m have so far been most affected by the recession as there is a greater demand for their services even though their income has fallen.
Two-thirds of large charities have indicated that they are concerned that services may need to be cut back, ...
Charity Commission survey reveals the recession is setting in
by Peter Charalambous
January 20, 2009
Banking giant HSBC has rejected the Government's offer of emergency funding.
The UK's largest banking group said it had not sought capital support from the UK Government and cannot envisage circumstances where such action would be necessary.
Unlike other banks, HSBC has been relatively unaffected by the credit crisis due to its focus on emerging markets business. With nearly 10,000 office in ...
HSBC turns down financial support from Government
by Kay Murchie
January 16, 2009
Anglo Irish Bank has been nationalised to prevent the bank from collapse.
The Irish Government said under the circumstances, nationalisation was the only option. If it had been declared insolvent, the Government would have been left with approximately €100 billion of liabilities after guaranteeing all deposits in Irish banks last year.
The funding position at Anglo Irish Bank, which ...
Irish Government takes full ownership of Anglo Irish Bank
by Kay Murchie
December 22, 2008
The Irish Government has confirmed it is to provide €5.5billion (£5.12 billion) to the country's three biggest banks.
The three struggling banks, which are the Bank of Ireland, AIB (Allied Irish Bank), and Anglo-Irish, are to receive the funds in return for shares.
Anglo-Irish is set to receive €1.5 billion in return for 75% shares with an annual fixed ...
Irish Government steps in to assist country’s largest banks
by Kay Murchie
December 19, 2008
The National Audit Office (NAO) is asserting that councils are rejecting planning applications in order to meet Government targets that offer rewards for speeding up the process.
In a report published this week, the public spending watchdog suggests that targets demanded to qualify for grant funding actually encourage local authorities to reject planning applications, especially the more complex ones.
The Government has ...
Councils reject planning applications to secure funding
by Gill Montia
