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HOUSEBUILDER BRINGS £43MILLION INVESTMENT TO LOCAL AREA

Barratt Developments, which has a number of new homes developments on the Isle of Wight, has built 520 homes in the region during the past year and brought more than £43million to communities where it is constructing new developments. The figures form part of the company’s socio-economic footprint, and reveal just how the local economy has benefitted from the new …

MANAGEMENT BUY-OUT FOR THE QUARR GROUP

The founders of The Quarr Group, which started on the Isle of Wight and now has 3,000 staff, have agreed a Management Buy-Out (MBO) with the directors of its 3 subsidiaries: Mountjoy, Nviro and Pabulum. The companies specialise in building maintenance and construction, contract cleaning and contract catering respectively. There will be no change to the existing staffing or management structure of …

DEMOLITION OF SANDOWN’S WIGHT CITY COMPLEX BEGINS

Work to demolish Sandown’s Wight City complex has finally begun this week, marking another milestone in the regeneration of the seaside town. Contractors Ryde Demolition have moved onto the site at the junction of Fort Street and Culver Parade and have started the prep work to bring the eyesore to the ground. Wight City was once the thriving home of …

MP SAYS POST-BREXIT GREEN FARMING POLICY IS AN ‘EXCELLENT OPPORTUNITY’

MP Bob Seely has today (Wednesday) said that a post-Brexit green farming policy is an excellent opportunity for the Isle of Wight to further cement its reputation as a producer of top-quality food. Environment Secretary Michael Gove recently announced that agricultural rules will be tailored for the UK after we leave the EU with subsidies only given to farmers who …

CHANGE AT THE TOP FOR RED FUNNEL

Red Funnel has announced a number of non-executive director appointments to its board and a change in role for the Chief Executive, Kevin George. The appointments follow the acquisition of Red Funnel by a consortium of UK and Canadian pension funds in July 2017. Kevin George, the current CEO of Red Funnel, will be moving to become the Chairman of the …

RYDE EAST RESIDENTS PANEL LAUNCHED TO DISCUSS LOCAL DEVELOPMENT ISSUES

Residents living in the Ryde East ward, together with Councillor Michael Lilley, have set up a monthly meeting to invite developers, council officers and agencies such as Island Roads to talk to them about the ‘development issues’ in the ward.   The area has been dubbed ‘development alley’ with over 1,000 new homes set to be built and other schemes …

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