The first awards to be made through the Green Heat Network Fund (GHNF) will see £27m provided to separate projects in Hull and Peterborough. Applications
More than £30 million of funding will deliver low carbon heat and help consumers move away from costly fossil fuels as part of government push to cut emissions.
Beijing Construction Engineering Group received a £7.1m cash injection in December, new accounts have revealed.
The company received the money on 8 December from its parent company BCEGI, which is ultimately controlled by the Chinese Government. The money was provided to support BCEGI’s operations and settlement of liabilities as they fall due and helped the company to certify that it remains a going concern.
Newly published accounts for the year ending 31 December 2019, which revealed the payment, showed the company ended the year with net assets of £2.1m and net current assets of £3.6m. Its cash reserves stood at £9m.
The 2019 accounts were signed off on 11 December 2020. The company did not provide any information about extra costs as a result of COVID-19, but it did mention some of the impact the pandemic has had. Following the UK’s first lockdown in March, the company furloughed 20 of its 81 staff, topping up their wages so they remained on full pay. All staff returne
Wigan Council has partnered with developer Cityheart and Beijing Construction Engineering Group International (BCEGI) for the £130m redevelopment of the Galleries Shopping Centre in Wigan town centre.
The proposed scheme will transform the 440,000-square foot complex into a multi-media centre with a six-screen cinema, music and esports venues, a 10-lane bowling alley and food and drink outlets. Alongside the entertainment centre, the joint venture, known as Galleries25, will develop a new hotel and 464 residential units, as well as office co-working space and a market hall.
Wigan Council will now work with Cityheart and BCEGI to agree the final details of the development, with construction expected to start in early 2022 and an anticipated completion date of 2025. Currently, the centre is dominated by retail units, but the redevelopment will offer new hospitality, leisure and residential opportunities for the region.