Press release: Northern Powerhouse Minister green lights £14 million investment to transform heart of Redcar steel site

first_imgA new chapter for manufacturing in the Tees Valley begins in 2019 thanks to £14 million of government investment into the South Tees Development Corporation, bringing the total to £137 million.Today (7 January 2019), Northern Powerhouse Minister, Jake Berry MP, met Tees Valley Mayor, Ben Houchen at the South Tees Development Corporation site in Redcar, which is also home to the former Sahaviriya Steel Industries (SSI) site.The land is set to be transformed and made ready for development creating new jobs, growth and attracting over half a billion pounds of private sector investment.Work to establish construction access and utilities, a new spine road and roundabout is set to begin in the first quarter of 2019 with new commercial tenants on the site expected from 2021.Northern Powerhouse Minister, Jake Berry MP, said: Our investment of £14 million in the South Tees Development Corporation demonstrates this government’s commitment to building a stronger more resilient economy in the Tees Valley and across the Northern Powerhouse. This government is firmly behind the Tees Valley, and I’m determined to ensure its people get the most out of the exciting growth opportunities available on their doorstep. Our investment of £14 million into this site will help transform this derelict piece of land into a burgeoning new industrial quarter, which is expected to create 500 new jobs and attract an extra half a billion pounds of private investment. It’s a further demonstration of how we’re helping to build a new golden era for the North East as part of our Industrial Strategy, and ensuring the Tees Valley is truly open for business as we are set to leave the European Union. General enquiries: please use this number if you are a member of the public 030 3444 0000 Tees Valley Mayor and Chairman of the South Tees Development Corporation, Ben Houchen, said: If your enquiry is related to COVID-19 please check our guidance page first before you contact us – https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-local-government.If you still need to contact us please use the contact form above to get in touch, because of coronavirus (COVID-19). If you send it by post it will not receive a reply within normal timescale. Government has committed £137 million to the Development Corporation over the last year, and this latest £14 million funding is vital to kick-start immediate work to redevelop land to help spearhead the transformation of the area. These huge schemes will deliver hundreds of quality jobs for local people, drive growth for the Tees Valley economy and continue our history of manufacturing excellence. Further informationAt the Autumn Budget 2018 the government brought its investment in the South Tees Mayoral Development Corporation to £137 million in the last year, with an announcement of up to £14 million to redevelop land on the site upon the submission of a successful business case.Today, (7 January 2019), Northern Powerhouse Minister Jake Berry MP confirmed that a robust business case had been approved and the £14 million investment will be paid over a 5-year period.Today’s announcement is part of a wider package of investment into Teesside provided by the government. This includes designating the South Tees Development Corporation as a Special Economic Area enabling further business rate retention and greater long-term investment in the region.Through joint investments made by the Department for Business, Energy, and Industrial Strategy and the Ministry of Housing, Communities and Local Government, £137 million is being spent on the home of the former Redcar SSI site to continue supporting job creation and growth in this key Northern Powerhouse region. Email [email protected] Contact form https://forms.communit… Office address and general enquiries This £14 million shows government is continuing to listen to us and this is another step closer to the Development Corporation becoming a massive success story for not just the North East but for the UK. Twitter – https://twitter.com/mhclgFlickr – http://www.flickr.com/photos/mhclgLinkedIn – http://www.linkedin.com/company/mhclg Media enquiries Northern Powerhouse Minister, Jake Berry MP, has approved a new £14 million investment to transform a site at the South Tees Development Corporation, also the home of the former Redcar steel works Government’s multi-million pound funding is set to attract over half a billion pounds of private sector investment Over 500 new jobs are expected to be created on the site Social media – MHCLG 2 Marsham StreetLondonSW1P 4DF Please use this number if you are a journalist wishing to speak to Press Office 0303 444 1209last_img read more

Joe Donnelly teaches undergraduate political science course

first_imgEven if one attends the best university with the best professors and the best resources, it is rare to receive the opportunity to spend time with someone who has in-depth knowledge in the chosen subject to go with first-hand experience. Fortunately for students majoring in political science, that opportunity is being offered this semester, as former U.S. Sen. Joe Donnelly is teaching a course in the Department of Political Science and the Keough School of Global Affairs.The one-credit course for undergraduates, entitled “Facing America’s Challenges,” will be taught by Donnelly in conjunction with a rotating member of the political science faculty. Each week, participants will examine a different issue affecting American politics as Donnelly provides experience-based knowledge to the dialogue.The course comes on the heels of Donnelly’s failed reelection bid at the hands of Republican Mike Braun. Donnelly earned both a B.A. and a J.D. from Notre Dame, and served as an Indiana senator from 2013 to 2019.Donnelly’s tenure as a local and national politician has given him an insight into politics that is difficult to find anywhere else, David Campbell, chairperson for the Department of Political Science, said.“Hopefully, what students will learn from that is how to take the abstract theories they learn from other political science classes and see how they actually play out when somebody’s running for office,” he said. “Now as political scientists, we can only speak of what it’s like to run for office or what its like to govern second hand, because very few of your professors actually have real life experience in this stuff. Joe Donnelly, of course, does.”Campbell said having people like Donnelly come teach is something he hopes to do more of in the department.“This is something that, personally, I have wanted us to do more of, to have people who have been in public life come teach here,” Campbell said. “[Donnelly] was just a match made in heaven because he was looking for things to do. We were interested in bringing him on board, and it’s an easy sell to the students to have him come and participate in other ways with someone whose been in public like him.”Director of undergraduate studies Joshua Kaplan said Donnelly’s experience with local politics in South Bend makes his time at Notre Dame particularly exciting.“I like the idea that the department has a connection with a local politician,” Kaplan said. “Notre Dame has a national and an international reputation and reach, but I like the local parts of it. … Joe Donnelly represented this congressional district before he was a senator … so it’s a nice opportunity to learn more about local politics and Indiana politics.”Reflecting on the particular challenges Donnelly faced as a candidate and a senator in South Bend and Indiana, Campbell said Donnelly will teach from a perspective of someone with an intimate knowledge of a region vital to presidential success.“South Bend and the state of Indiana represent exactly the kind of place that will be in play in the 2020 presidential race,” Campbell said. “Even students who are from far away, nowhere near the rust belt, if they want to understand American politics, they need to understand what’s happening here because it determined what happened in 2016, [and] it will determine what happens in 2020.”Campbell said that the department hopes Donnelly’s position will blossom into a long-term relationship with the University, including three-credit courses.Tags: department of political science, Joe Donnelly, Keough School of Global Affairs, Politicslast_img read more

A business lesson from Star Wars: The Force Awakens

first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr I’m sorry. You’re going to hate me.I wasn’t very impressed with the new Star Wars movie: The Force Awakens. I imagine the writing session went something like this:“And these guys have a… a… giant Death Star.”“We already did that.”“We’ll make it bigger!”“Perfect! And at the end, we’ll blow it up!”“This thing writes itself.”Personally, I want to see a less familiar plot line. But apparently, millions of people disagree. They like the familiarity.Give them the familiarity they craveSo the business lesson here is: Give your customers, members, and all the other people you have business relationships with the familiarity they want. For your customers and members, that probably means offering them access to information on smartphones.For your employees, that means access to real-time information through the familiar applications they use every day. Whether you rely on your ERP, accounting, HR, claims, lending, electronic medical record, student information or other critical systems, they drive your core processes. continue reading »last_img read more

Goldman Sachs AM buys impact investing firm Imprint Capital

first_imgGSAM said it would gain “holistic ESG and impact investing portfolio advisory capabilities” from the acquisition that were a strong complement to the existing ESG offerings it already had.Hugh Lawson, global head of ESG investing for GSAM’s investment management division, said: “The further development of our ESG and impact investing platform through the acquisition of Imprint’s business is critical to address the needs of our clients.”Imprint’s co-founders John Goldstein and Taylor Jordan said impact investing was now moving from being a niche area of the market to a core approach used for whole portfolios. Goldman Sachs Asset Management (GSAM) has agreed to buy Imprint Capital – which specialises in institutional impact investing – saying the deal will improve its ability to provide its clients with ESG (environmental, social and governance) investments.Impact investing is a type of investment intended to produce a measurable social or environmental benefit alongside a financial return, a practice that has gained currency in recent years.GSAM did not say how much it paid for the firm but said the deal was expected to close in the next few months, subject to certain conditions.As part of the deal, staff at Imprint will join GSAM and continue to be based in San Francisco, as well as New York, it said.last_img read more

Same old story for men’s basketball as team fails to finish

first_imgEAST LANSING, Mich. — Like many of their losses this season, especially those during the team’s six-game losing streak in January, the University of Wisconsin men’s basketball team struggled down the stretch in Sunday’s game.After jumping out to a 12-point lead on a Marcus Landry 3-pointer that capped a 10-0 run by UW, the Badgers struggled the rest of the way, hitting just two shots from the floor over the last 12 minutes and 21 seconds of play.“We had that many?” UW head coach Bo Ryan said of the two field goals. “We missed some shots around the basket. So, we don’t counter some of that action that they were doing with getting a run together.”Wisconsin missed nine of 11 shots following the Landry three, with each of the two made buckets coming from Landry in the last four minutes of the game.At the same time, Michigan State caught fire, hitting 11-of-16 shots during Wisconsin’s scoring drought, en route to a 32-9 run to end the ball game.The two biggest shots for the Spartans came in the last three minutes when guards Chris Allen and Kalin Lucas hit from beyond the arc on consecutive possessions, giving MSU an eight-point lead with just under two minutes to play in the game.“The two threes couldn’t have come at a better time for them,” Ryan said. “Six points on two possessions really can stick a dagger in you … especially if we’re not getting something at the other end.”Allen and Lucas’ threes were the only two successful attempts from beyond the arc in the game for Michigan State. The Spartans were 0-for-7 before that point, something which struck a nerve with head coach Tom Izzo.“We just couldn’t make a shot, and I thought we really got impatient and just started jacking up shots,” Izzo said. “At halftime, we said, ‘We’ve got to go inside with it,’ and we cut the [lead] to two and we started jacking up threes again, and that was disappointing.” Michigan State was fueled in its run by Goran Suton off the bench, who scored 14 of his 16 points in the second half. Additionally, all 14 of those points for Suton came in the last 12 minutes and 22 seconds of play as Wisconsin struggled to find the hoop.The 6-foot-10-inch center also made an impact on the boards in the second half, pulling down seven rebounds, including three on the offensive glass, after grabbing just three total rebounds in the first half. Much like his second-half points, all seven of Suton’s second-half rebounds came in the last 10 minutes of play.Herzog makes rare start, scores on only shotIn Michigan State’s last game, every Spartan player saw the floor, except for one. That one was redshirt sophomore center Tom Herzog. The 7-foot Flint, Mich., native never got off the bench in the game, despite the significant disparity in points between the two teams.When Izzo realized his mistake, he felt awful and was determined to make it up to Herzog.“It was my mistake,” Izzo said. “[Herzog] has worked so hard and has been in here every day, so I apologized to him and told him I was going to start him in the next game.”Though Herzog didn’t make a huge impact on the stat sheet — he managed just two points in three minutes of play — his opportunity to start became something to rally around for the rest of his team, especially during the opening introductions.“If you would have seen how they were pulling for him in the introduction of the players, I was kind of like ‘Wow,’” Izzo said. “That’s kind of telling about a team, too, that they cared enough and they understood.”In the end, though he was not sure going into the game how it would work out, Izzo was convinced he made the right decision.“Some people said, ‘Are you sure you know what you’re doing?’” Izzo said. “And I said, ‘No, I don’t know what I’m doing, but I know what’s right,’ so that’s what I did.”last_img read more