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Northeast Of England Process Industry Cluster
The North East of England Process Industry Cluster (NEPIC) is an economic cluster created following the industrial cluster ideas and strategy of Michael Porter. This Process Industry Cluster has been created by the chemistry using industries based in North East England where more than 1,400 companies are based in the supply chain of the sector. The sector has over 35,000 direct employees and some 190,000 indirect employees in the northeast of England and together they represent over one third of the industrial economy of the region. Companies in the Cluster manufacture 50% of the UK's Petrochemicals and 35% of the UK's Pharmaceuticals and they significantly contribute towards making the region the only net exporting region of the UK. The region has over £13 billion of exports. NEPIC was created in 2004 by the leaders of local chemistry based process industry companies that are based in the northeast of England. The aim of the organisation being to represent and coordinate ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North East England
North East England is one of nine official regions of England at the first level of ITL for statistical purposes. The region has three current administrative levels below the region level in the region; combined authority, unitary authority or metropolitan district and civil parishes. They are also multiple divisions without administrative functions; ceremonial county, emergency services ( fire-and-rescue and police), built-up areas and historic county. The most populous places in the region are Newcastle upon Tyne (city), Middlesbrough, Sunderland (city), Gateshead, Darlington and Hartlepool. Durham also has city status. History The region's historic importance is displayed by Northumberland's ancient castles, the two World Heritage Sites of Durham Cathedral and Durham Castle, and Hadrian's Wall, one of the frontiers of the Roman Empire. In fact, Roman archaeology can be found widely across the region and a special exhibition based around the Roman Fort of Segedunum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Capture And Storage
Carbon capture and storage (CCS) or carbon capture and sequestration is the process of capturing carbon dioxide (CO2) before it enters the atmosphere, transporting it, and storing it (carbon sequestration) for centuries or millennia. Usually the CO2 is captured from large point sources, such as a chemical plant or biomass power plant, and then stored in an underground geological formation. The aim is to prevent the release of CO2 from heavy industry with the intent of mitigating the effects of climate change. CO2 has been injected into geological formations for several decades for enhanced oil recovery and after separation from natural gas, but this has been criticised for producing more emissions when the gas or oil is burned. Carbon capture and utilization (CCU) and CCS are sometimes discussed collectively as carbon capture, utilization, and sequestration (CCUS). This is because CCS is a relatively expensive process yielding a product which is often too cheap. Hence, car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Economy
The economy of the United Kingdom is a highly developed social market and market-orientated economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty second-highest by GDP per capita, constituting 3.3% of nominal world GDP. By PPP (purchasing power parity) terms, UK constitutes 2.34% of world GDP. The United Kingdom is one of the most globalised economies, and comprises England, Scotland, Wales and Northern Ireland. In 2020, the UK was the fifth largest exporter in the world and the fifth-largest importer. It also had the third-largest inward foreign direct investment, and the fifth-largest outward foreign direct investment. In 2020, the UK's trade with the 27 member states of the European Union accounted for 49% of the country's exports and 52% of its imports. The service sector dominates, contributing 81% of GDP; the financial services industry is partic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Value Added
In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the System of National Accounts (SNA) are generated and is therefore carried forward into the primary distribution of income account." Relationship to gross domestic product GVA is a very important measure, because it is used to determine gross domestic product (GDP). GDP is an indicator of the health of a national economy and economic growth. It represents the monetary value of all products and services produced in the country within a defined period of time. "In comparing GVA and GDP, we can say that GVA is a better measure for the economic welfare of the population, because it includes all prim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small & Medium Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Key Performance Indicators
A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. KPIs provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most. Often success is simply the repeated, periodic achievement of some levels of operational goal (e.g. zero defects, 10/10 customer satisfaction), and sometimes success is defined in terms of making progress toward strategic goals. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. What is deemed important often depends on the department measuring the performance – e.g. the KPIs useful to finance will differ from the KPIs assigned to sales. Since there is a need to understand well what is important, various techniques ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iain Wright
Iain David Wright (born 9 May 1972) is a British Labour Party politician who was the Member of Parliament (MP) for Hartlepool from 2004 to 2017, and served also as the Chairman of Business Innovation and Skills Committee. He was previously Parliamentary Under-Secretary of State with responsibility for apprenticeships, and 14 to 19 reform in the Department for Children, Schools and Families until 11 May 2010. In April 2017, he announced that he would not be seeking re election at the snap election of 2017. On 12 July 2017, fellow Labour MP Rachel Reeves succeeded Wright as Chair of the Business, Innovation and Skills Select Committee. Early life Wright was born in Hartlepool and graduated with a BA in 1994, and MA in 1995 in History from University College London. That year, he joined the Labour Party and was elected as an officer of Cleveland and Richmond Young Labour. He worked as a chartered accountant for Deloitte & Touche from 1996 to 2003, and for the One NorthEast R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ian Swales
Ian Cameron Swales (born 5 April 1953) is a British Liberal Democrat politician. He was the Member of Parliament for the constituency of Redcar in England. Swales took Redcar from Labour incumbent Vera Baird for the Liberal Democrats at the 2010 general election, with a 21.8% swing. Swales added over 10,000 votes to his 2005 general election total. This was the biggest swing against any Labour candidate in the election and was also biggest majority overcome by any Liberal Democrat, until the 2022 Tiverton and Honiton by-election. He stood down at the 2015 general election. Early life Ian Swales is the son of Harry Swales and Elizabeth Adamson Doig. Through his Scottish mother he is a first cousin (1R) of Peter Doig, Labour MP for Dundee West from 1963 to 1979. Swales was born in Leeds and grew up in Harrogate; his mother died when he was eight years old. Educated at Woodlands Junior School, he became Head Boy and then won a County Council funded scholarship to Ashville Colleg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Government
ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal Arms , date_established = , state = United Kingdom , address = 10 Downing Street, London , leader_title = Prime Minister (Rishi Sunak) , appointed = Monarch of the United Kingdom (Charles III) , budget = 882 billion , main_organ = Cabinet of the United Kingdom , ministries = 23 ministerial departments, 20 non-ministerial departments , responsible = Parliament of the United Kingdom , url = The Government of the United Kingdom (commonly referred to as British Government or UK Government), officially His Majesty's Government (abbreviated to HM Government), is the central executive authority of the United Kingdom of Great Britain and Northern Ireland. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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