By: Anna Redman
Lloyds TSB is set to create 500 new jobs across the UK.
The banking company will create the new jobs as part of its plans to sell several of its branches to the Co-op.
Project Verde will see the sale of 632 Lloyds bank branches. The new jobs will be created in support centres in Sunderland, Gloucester, Livingston, Birmingham and Swansea.
The sale is a result of an order from the European Union, following the UK government’s bailout of Lloyds during 2008’s financial crisis and will likely make the Co-operative Group responsible for 19% of mortgages.
Gordon Edwards, telephone banking director at Lloyd’s Sunderland site, said these new jobs are “great news.”
Project Verde is proving to be a “highly complex” deal and is now facing delay as the Financial Services Authority seek assurances regarding the capacity of the Co-operative Group to take on this major acquisition.
By Alexandra Wingate
First Minister Alex Salmond has attacked Scottish Conservatives
for acting to aid the interests of the UK Tory party, rather than that of the Scottish people.
The comments came during today’s First Minister’s Questions after Mr Salmond was asked, no less than three times, about the number of international companies investing in Scotland. This follows Tuesday’s opening of Amazon’s distribution and customer service centres in Fife and Edinburgh respectively. These openings are expected to create more than 3,000 permanent and temporary jobs in Scotland.
Mr Salmond said: “While the success in this investment is not recognised by the opposite benches in this government, it is recognised by the Tory party in the North East of England.”
He went on to explain that Linda Arkley, Conservative mayor of North Tyneside, has been well-documented in her interest in what Mr Salmond described as “the success and firepower of Scotland in attracting thousands of jobs.” He claims that Mrs Arkley has been lobbying George Osborne in an attempt to force these investments to be moved away from Scotland and into the North East of England.
Mr Salmon continued: “The dangerous thing is that this lady, after lobbying, said, quote, ‘Ministers have agreed to look at this’, unquote. So what action have Westminster ministers got in mind to dissuade international companies?”
“I hope that at least this parliament can be united by welcoming the investment by Amazon and other companies who are expressing more confidence in Scotland than is held by the UK Chancellor of the Exchequer.”
The issue of money and investment in Scotland featured highly in Mr Salmond’s answers. When Scottish Conservative David McLetchie MSP congratulated Mr Salmond’s recent success in solving the recent fossil fuel levy row with Westminster – which resulted in a windfall of £100m from the UK Treasury – Mr Salmond retorted: “They think it a tremendous triumph to get 50% of Scotland’s money. Wouldn’t it be better to get 100% of Scotland’s money?”
“The other 50% of Scotland’s money is going to help capitalise the Green Investment Bank. Is that not yet another reason for the Green Investment Bank being headquartered in Scotland?”
By Emily Glass
A US Gaming company have revived Dundee-based developer Real Time World (RTW) by buying shares in the business and plans to open a new studio in Edinburgh.
Set up in 2002 by Dave Jones, who was part of the firm responsible for creating Grand Theft Auto, RTW went into administration last August with around 250 jobs being lost.
By Louise C. Aitken
A report on the increasing number of Scottish employees being handed their P45’s after making defamatory comments about their work on Facebook and Bebo.
By Paul McCormack
Aquamarine Power, Britain’s only marine energy company, has this week announced that there is potential for recruitment in the industry to increase by 150 per cent.
The Edinburgh based organisation, which develops wave and tidal energy, believes that with the correct backing from the government, this form of energy production could eventually employ more people than the oil and gas companies based in the North Sea.
A report by the Institute of Mechanical Engineers has called on the Scottish government to invest £40m to help the industry to move forward and develop their energy producing products off the coast of Orkney.
Currently employing more than 1,000 workers in Scotland, marine energy companies are aiming to expand in order to become the most efficient form of renewable energy.
Michael Berry, Communications Finance and Sustainable growth spokesman for the Scottish government said: “Scotland is leading the world in the development of marine energy. Our seas can provide 25 per cent of Europe’s tidal power and 10 per cent of its wave power – backed by significant government support, developers are investing millions in the testing and deployment of wave and tidal devices to harness that potential.”
Holyrood has called for 30 per cent of Scotland’s energy to be renewable by 2011, increasing to 50 per cent by 2020, and this source could be the ideal method for the government to reach its proposed targets.
Berry added: “£10 million is being used to support wave and tidal energy projects around Scotland and a further £2.5 million is going towards infrastructure projects at the world-leading European Marine Energy Centre (EMEC) in Orkney. The issue of further support for the sector will be examined by the Forum for Renewable Energy Development.”
This decision will come as great news for everyone in the marine energy business and will open up the possibility of several thousand new jobs across the country.