UK Boosts Renewable Funding, Lloyds Reports SW Slump, New E-Bag at Farnborough Airshow

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Government increases renewable energy auction funding to a record £1.5bn

The UK government has boosted funding for its sixth renewable energy auction to a record £1.5 billion, enabling the industry to bid for subsidies under the Contracts for Difference scheme, which aims to support clean energy projects while minimizing costs for consumers.

Full story here: https://thebusinessmagazine.co.uk/esg/government-increases-renewable-energy-auction-funding-to-a-record-1-5-bn/

Business confidence dips in South West, but rises in the West Midlands - Lloyds Bank

Business confidence in the South West declined 15 points to 28 percent in July, as reported in Lloyds Bank's latest Business Barometer, while confidence rose in the West Midlands.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/business-confidence-dips-in-south-west-but-rises-in-the-midlands-lloyds-bank/

Hampshire firms unveil lithium-ion fire suppression tech

Two Hampshire companies, Barnbrook Systems and Flair, have unveiled the E-bag, an innovative fire suppression solution for lithium-ion battery fires in personal electronic devices on aircraft, at the Farnborough International Airshow.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/hampshire-firms-unveil-lithium-ion-fire-suppression-tech/