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Cumbria business says EU fall out threatens their export market

Playdale says it needs to know it's export market won't be affected. Credit: ITV Border

Businesses in the region say their future is uncertain following Friday's vote to leave the European Union.

Playdale, which makes playground equipment in Haverthwaite in South Cumbria, says it needs to know its export market won't be affected.

It has one order for a playground in Romania that may now be lost as a direct result of the referendum decision.

When you heard the news last Friday morning you realised that today is just going to be another hard day and we have to start looking at how we minimise the risk of that actually happening so it just means we've got some hard work ahead."

– Barry Leahey, Playdale Playgrounds

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Moorside nuclear plans unchanged following Brexit

An artist impression of NuGen Credit: NuGen

Nuclear power giants NuGen say that they're plans to develop a nuclear plant in west Cumbria are to go ahead as normal following the UK's decision to leave the European Union.

The Moorside Project involves an investment of £20 billion to develop a new nuclear power station.

Before the EU referendum, a number of Cumbrian MPs raised concerns about the implications of a 'leave' vote in regards to the major investment from NuGen.

NuGen is a consortium made up of French, American and Japanese companies and the MPs said they'd made it clear their investments were more secure with the UK as part of the EU.

In a statement, the energy firm say that although they are looking for clarity on policy from the Government, they believe that major investment in nuclear power will provide stability for the UK.

“The Moorside Project continues to progress without change. "NuGen’s shareholders, Toshiba and ENGIE, remain committed to taking forward Moorside - Europe’s largest new nuclear power station - to produce and sell power to the UK grid. We firmly believe the case for new nuclear power stations for the UK is compelling, and unchanged as a result of the referendum.

"New nuclear power stations are vital for the UK’s future prosperity, delivering low-carbon, secure and stably-priced electricity for generations to come, while securing our future indigenous energy supplies on UK soil. NuGen will be in a position to provide power to the UK grid in the mid 2020’s.

"In order to deliver our station on time and on budget, we must secure clarity on policy and ensure the Government does everything it can to deliver investment stability for vital UK infrastructure projects.”

– Spokesperson, NuGen

UK's latest newspaper launches in Carlisle

A brand new newspaper has been launched in our region today - the first for more than 20 years.

It's called "24", it was printed last night in Carlisle and went on sale this morning. The launch comes at a difficult time for newspapers- earlier this year, a national paper folded just nine weeks after it was launched.

Matthew Taylor's been to see why this one is hoping to buck the trend:

Hot off the press- Cumbria's latest newspaper launched

Hot of the press Credit: ITV Border

A new newspaper has been launched in Cumbria for the first time in more than 20 years.

The paper, called '24', was printed on Sunday evening in Carlisle and is now on sale across the county and further afield.

It comes at a time when printed newspapers are in decline, with more and more people turning to online news outlets.

The company will need to sell 10,000 copies every day for it to be a success Credit: ITV Border

The new publication is part of the CN Group- which also hold titles including the Cumberland News, which recently celebrated its 200th anniversary.

Despite the downturn in newspaper sales, the Chief Executive of the group is confident it can be a success.

"So it's a national newspaper with national news. So we're not trying to replicate what we are doing with the News and Star or the North West Evening Mail.

"If it's a Carlisle story or a Barrow story it'll go into those titles. What we are doing is picking up the national stories and then saying what are the national stories that are most relevant to this part of the world."

– Miller Hogg, Chief Executive, CN Group

To succeed the '24' will have to sell around 10,000 copies a day.

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Video: Cumbrian Entrepreneurs pitch their business ideas to Richard Branson

Two Cumbrian entrepreneurs are preparing to pitch their business ideas in London, as part of a world record attempt.

Rebecca Hanson from 'Authentic Maths' is a mathematician who's developed a system to help teach a new curriculum for primary school children, while Jonathan Lowe co-created an online game called Geo Hitch.

They're among 160 entrepreneurs pitching back-to-back during 29 hours as part of Virgin's Voom business competition:

Tata Steel confirms sale of Long Products division

Tata Steel Credit: ITV News

Tata Steel has confirmed it has sold its Long Products division to Greybull Capital.

The business employs more than 4 thousand people in the UK, including around 225 staff at an engineering workshop in Workington, and another 28 in Shap.

As a responsible seller, Tata Steel is delighted to have secured a buyer for this business and we hope that under Greybull ownership, the business will continue the momentum of the improvement program that has been initiated in the last 12 months.

Employees and trade unions have worked closely with the Long Products Europe management team to improve the business’s prospects, putting it in a more competitive position than it has been for many years.

It is through their dedication and hard work that we are in this position today in spite of continued challenges in the market".

– Mr Bimlendra Jha, CEO of Tata Steel UK
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