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ONE OF the south’s leading engineering firms has opened an extension to its factory. The extra 6,600 sq ft of space will enable the New Milton-based RHH Franks to increase its manufacturing capacity for the global aerospace, defence, nuclear and marine industries by more than 25%. It follows a successful application to the Solent Local Enterprise Partnership (LEP). RHH Franks, part of the local business scene for 60 years, was awarded more than £97,000 towards the cost of enlarging its premises on Gore Road Industrial Estate. The family-run firm has bought new technology worth mo...

Chancellor urged to keep London economy competitive through tax measures in Budget Rishi Sunak earlier this year (Photo by Stefan Rousseau-WPA Pool/Getty Images) The Chancellor is being urged to keep London competitive by offering businesses a ”confidence booster” in this week’s budget. London First, the business lobby group promoting the capital wants Budget measures intertwined with policies to encourage people back to the city. Among suggested measures are: a range of tax reductions and the improvement of testing for international arrivals to keep London a global att...

Aerospace engineering firm RHH Franks has unveiled its newly expanded factory in Hampshire, UK, which will increase its manufacturing capacity by over 25%. Following a successful application to the Solent Local Enterprise Partnership (LEP), the advanced engineering business was awarded more than £97,000 towards its investment to acquire and equip an additional 6,600 sq ft of unit space at its premises on Gore Road Industrial Estate, New Milton.  It takes the total manufacturing site to more than 30,000 sq ft in size. The expansion project, which was completed in January 2021 – RHH Franks�...

JACQUET METALS: The Group Anticipates 2020 Net Income (Group share) Close to Break-Even JACQUET METALS (Paris:JCQ): In the context of the annual accounts closing as of December 31, 2020, the Group performs a valuation of its steels inventories. The valuation of inventories, which was significantly impacted in June 2020 by the drastic activity slowdown linked to the COVID-19 crisis, benefits at year-end from the increase in raw material prices: as a result, inventory impairment at 2020 year-end should return to the 2019 year-end level, around 15% of the Gross Value of inventories (estimated GV...

Top local entrepreneurs help plan boost to Midlands' economy Communities Secretary brings together entrepreneurs and business leaders from across the Midlands as part of the government’s plan to level up the regions. From: JCB Worldwide Logistics, Stoke-on-Trent Successful entrepreneurs and business leaders meet to discuss ambitious plans to create jobs and boost the economy in the Midlands Communities Secretary Robert Jenrick convenes first ever meeting of group to power the Midlands Engine Group will meet biannually to drive forward plans to level up the region A group of reno...