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Businessman calls for investment to beat Brexit uncertainty

Stobo Castle. Credit: Stobo Castle

A Scottish Borders businessman is calling on local companies to invest in their firms, to fight back against the economic uncertainty surrounding the Brexit vote.

Stephen Winyard owns Stobo Castle, a five-star spa resort in Peebles.

A seven figure sum will be invested in the company this year, and he's urging other business owners to follow suit in the hopes of avoiding a recession.


Former Toshiba boss moves to NuGen

Takeshi Yokota is the former Executive Officer and Senior VP of electronics company Toshiba. Credit: NuGen

Takeshi Yokota will take over as the new Chairman of NuGen.

NuGen are currently developing the Moorside nuclear power station in west Cumbria.

Mr. Yokota is the former Executive Officer and Senior Vice President of electronics company Toshiba.

“We look forward to working with our new chairman and board to drive forward our phenomenal project at Moorside. I am confident his renowned international experience combined with being based in the UK will greatly assist in our dealings with key stakeholders, including government.”

– Tom Samson, CEO NuGen


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

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:

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