Levelling up, Studio Retail Group and Covid recovery - BusinessLive North West

Latest news from BusinessLive Read in browser by Jon Robinson 🔹 Fri Sep 30, 2022 BusinessLive North West Editor Northern Conservative MPs warn Liz Truss's Government not to abandon levelling up agenda Prime Minister Liz Truss has been called on by Northern Conservative MPs not to dismiss the levell

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by Jon Robinson ðŸ”¹ Fri Sep 30, 2022

BusinessLive North West Editor

Northern Conservative MPs warn Liz Truss's Government not to abandon levelling up agenda

Prime Minister Liz Truss has been called on by Northern Conservative MPs not to dismiss the levelling up agenda set out by her predecessor Boris Johnson.


Tory MPs in the influential Northern Research Group are among those calling for Ms Truss to "double down on levelling up" and not forget the promises the party made to voters in the 2019 general election.


The calls to continue the agenda aimed at spreading opportunity more equally across the UK come on the eve of the Conservative party conference, which starts in Birmingham this weekend.


Calls from the Northern MPs come as new research highlights the electoral significance to voters of regenerating their areas of the UK.


The research by WPI Strategy for the Retail Jobs Alliance, a group of retail businesses and unions, found that of the 50 constituencies with the highest rates of empty shops, 90% are among those identified as being in most need of levelling up.


The report argues in favour of freezing business rates and reforming them, in order to breathe new life into high streets and improve their prospects of being levelled up.


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Remaining Studio Retail creditors in line to recover millions - but some face wait

The remaining creditors of Studio Retail Group, which collapsed into administration earlier this year, are in line to recover the millions they are collectively owed - but some face a longer wait.


The business racked up debts of more than £80m when it entered insolvency and its assets were bought by Mike Ashley's Frasers Group for just £1.


Administrators at Teneo have been overseeing the remaining business ever since and have been working to identify who owes what to whom - and if there is enough money to pay them.


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Covid recovery starts at Simon Moran's gigs promotor used by Stormzy, Coldplay and Adele

Turnover jumped at a concert promotions company, which has worked with acts including Take That, Spice Girls, Foo Fighters and Stormzy, after the easing of Covid-19 restrictions, new documents have revealed.


SJM Concerts was co-founded by Chris York and Simon Moran and has also promoted concerns for the likes of Coldplay, Robbie Williams, Peter Kay, Billie Eilish, Adele and The Killers.


Mr Moran is also the owner of Super League side Warrington Wolves who published their own accounts in May.


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