Having taken a pounding of late Portsmouth’s maritime and boat building industry received some much needed good news today. A 3270m contract to build Royal Navy torpedoes has been secured which will guarantee 100 new jobs.
Last year a consultation process was held regarding the redevelopment of Portsmouth’s former Tricorn site. Plans about the transformation have been discussed for almost 10 years with plenty of enthusiasm for the project – a new leisure and shopping complex would be welcome.
Wiggle have been part of the Portsmouth business scene for many years – growing exponentially the company continues to be extremely successful. Based in Portsmouth’s North Harbour, the online bike retailer has confirmed it’ll be moving its distribution centre to Bilston in the West Midlands.
A downturn in trade has seen the approval of Palmerstone Road, Southsea (Portsmouth) to be opened to one way traffic from the seafront. Approval by Portsmouth City Council has been met with praise and criticism. Pubs in the area suggest the move will deter pedestrians from stopping there.
In a bid to reduce congestion on the M27 major work starts today commencing with upgrades to junctions three and five. As part of a government backed £317m scheme additional lanes will be added to some approach roads and roundabouts with new traffic signals installed.
David Cameron announced today that Ben Ainslie’s proposed Portsmouth America’s Cup base will receive 7.5m of government funds to help get the project 'off to a flying start'.
The MOD has struck a £70m deal that safeguards 100 Portsmouth shipbuilding jobs with BAE Systems. After months of turmoil and uncertainty about the cities future within the industry this is good news and will see a two year contract round off construction of six new Type 45 destroyers.
Plenty of supporters turned out for last night’s meeting with legendary Olympic sailor Ben Ainslie as he outlined plans for his bid to bring the Brit America’s Cup base to Old Portsmouth. The meeting took place at Portsmouth Cathedral where champions to the cause rallied round to make their feelings known.
One of Portsmouth’s longest standing businesses, Hadley Shopfitters, has announced it will be making 80 of its staff redundant. Having traded for more than 90 years, and with contracts with John Lewis and Harvey Nichols, the company has decided to axe jobs.
Two young apprentices and staff members were called into the companies head office where the news was broken yesterday.
Portsmouth’s shipbuilding industry has been taking a battering of late. Ever since BAE Sytems confirmed the axing of jobs in 2013, and moving operations to Scotland, the city has been on tenterhooks and desperate to secure commercial contracts.