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Canadian company completes takeover of Wigton-based firm Innovia

Innovia manufactures a film used in the new polymer £5 bank note Credit: PA

Canadian company, CCL Industries, has completed the purchase of Wigton-based firm Innovia Group of Companies (Innovia) for the total of £694million (1.14billion Canadian dollars).

The acquisition was first announced in December.

We are extremely pleased to welcome the employees of the Innovia Group of companies to the CCL family.

– Geoffrey T. Martin, President and Chief Executive Officer of CCL

Innovia employs 1,200 people globally and more than 600 at Wigton, where it manufactures the polypropylene film for used in the new £5 bank note.

CCL Industries employs more than 20,000 people in 35 countries.

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Entrepreneurial recognition for Scottish Borders

Credit: ITV Border

The Scottish Borders is one of the most entrepreneurial areas of Scotland, according to new figures.

The data, from the Federation of Small Businesses, looked at self-employment figures for nearly 500 Scottish towns.

It found that all 18 towns in the Borders are well above the national average.

The FSB report actually indicated that they think that part of the driving force is resilient local communities such as this one on Clovenfords that we are in today, as well as relatively higher levels of qualification and relatively higher levels of skill. Those are driving factors that help us to be an entrepreneurial region."

– Stuart Bell, Scottish Borders Council

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Prime Minister 'committed' to Moorside nuclear deal

Prime Minister Theresa May responding in the House of Commons. Credit: PA

The Prime Minister has said the government is "committed" to ensuring the potential Moorside nuclear development in Cumbria goes ahead.

Theresa May was responding to an urgent question asked in Parliament by Cumbrian MP John Woodcock.

He asked her what she was doing to safeguard the deal, which has been thrown into question after the company behind the plans - Toshiba - announced it was reviewing its nuclear operations.

It is hoped the £10 billion development will bring 21,000 jobs to Cumbria.

I and the Business Secretary are involved and are keen to see these nuclear deals stay on track.

I can assure you the Government's commitment is there.

– Theresa May, Prime Minister

Toshiba's nuclear review 'huge development'

Paul Dorfman. Credit: Paul Dorfman Twitter

Toshiba's review of its nuclear projects, including the proposed Moorside power plant in Cumbria, is a "huge development" according to a nuclear expert.

Paul Dorfman, Founder of the Nuclear Consulting Group, told ITV Border he thinks the company will definitely pull out of the £10 billion project, which it's hoped will bring 21,000 jobs to Cumbria.

This is a huge development. NuGen is what Moorside is all about. There is no question that they are pulling out of Moorside. It all comes down to the realities of nuclear economics. ENGIE are also worried about the cost of Moorside. The government is in talks with a South Korean company KEPCO but there is also doubt as to how interested they are in investing in Moorside.

– Paul Dorfman Founder of the Nuclear Consulting Group, Honorary Senior Research Fellow UCL Energy Institute
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