A year ago Dave Clayton was one of the statistics. A young person with no job, no prospects & nowhere to turn. Now he runs his own business
House prices in the North have seen the steepest fall - with research suggesting the summer of sport maybe partly to blame.
A new report has revealed an alarming rise in the number of companies across the North East going to the wall.
Business owners operating inside Middlesbrough bus station say they should be given compensation because a period of renovations to the site has reduced the number of customers passing through.
The station is currently undergoing an upgrade, which means buses will being diverted for up the six weeks. Business owners say takings have fallen by up to 70% and Middlesbrough council should reduce their rent throughout the work.
The council says it has made clear that shops inside the station remain open and is on regular contact with owners on the upgrade progress.
Young’s Seafood Limited have announced that they are closing the former Cumbrian Seafoods’ Border Laird business in Amble in Northumberland with the loss of 38 jobs.
The news comes after a third party, which had an interest in the langoustine business (now known as Ocean Pure), withdrew their offer.
Ammar Mirza, Secretary-General of Asian Business Connections, said today the Queen's speech doesn't go far enough to help businesses succeed.
The government has promised to cut red tape and make Britain more business friendly.
But he wants more financial help in the form of cuts to VAT and employers' National Insurance Contributions.
The owner of 445 care homes which is responsible for looking after some 20,000 residents has agreed to be sold to financier Guy Hands' private equity firm for £825 million, it was announced today.
Four Seasons Health Care - who have a base in Darlington - the UK's largest independent elderly and specialist care provider will be sold to private equity firm, Terra Firma.
IPPR North predicts that unemployment with rise 9% this year in our region, meaning another 11,000 people will be out of work in the North East.
The IFS also pointed out recently that the majority of Government spending cuts are still to come.
The recession has partly been brought on by a 3% fall in the construction sector, which has fallen further from -0.2% in the last quarter of 2011.
A museum set up in County Durham seven years ago may struggle to survive unless it can attract more visitors. The vintage Vehicles Museum in Shildon was born out of the enthusiasm of one man.
Plans to redevelop an area of Middlesbrough have been criticised. Some local businesses say proposals to build a new shopping area at Cannon Park would force them to relocate - and that will mean they'll lose money.
But the council say it will be good for the town and make Middlesbrough a more attractive place to shop.