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  • MIL-OSI United Kingdom: Civil Service recruiting new head to oversee regulatory divergence

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV leader and North Antrim MP Jim Allister:

    “Far from the Sea Border being gone, the Civil Service is now recruiting a “Head of Regulatory Divergence Co-ordination” at a cost of up to £59,000 a year to the public purse.

    “Clearly Stormont is perfectly aware that the deal which restored devolution on the pretext that the damage done by the Protocol had been addressed was a sham.

    “No nation with any self-respect would tolerate a situation where such a post is necessary – a senior civil servant whose sole responsibility is to monitor how the internal market of the United Kingdom is being trashed.

    “This post is yet further confirmation of the monumental constitutional damage inflicted by the Protocol on the integrity of the UK and Northern Ireland’s place within it.”

    Note to editors

    You can view the advert for this position here.

    MIL OSI United Kingdom –

  • MIL-OSI: Crete Professionals Alliance uses Intapp to drive innovation and rapid growth in the highly regulated accounting market

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Crete Professionals Alliance (Crete PA) has implemented Intapp Conflicts to centralize the conflicts and independence process that protect Crete PA and its member firms alike.

    Keeping pace with industry change

    The accounting industry is undergoing a fundamental change, driven in part by an increase in private equity funding. This infusion of capital has driven two main responses: firms are either growing through acquisitions, or they are readying themselves for a potential acquisition.

    Crete PA has responded to these market forces by creating a growing network of accounting and professional services firms. Crete PA’s partnership model augments the power of individual firm brands and cultures, with the capabilities of a national platform, to grow revenues, create efficiencies, and access capital.

    “When forming Crete PA, it was important that we let firms preserve their individual brands and culture that makes them special — while still letting them tap into the opportunity to be part of a larger national organization,” said Jake Sloane, Co-Founder of Crete PA. “By centralizing back-office functions, including conflicts and independence, we’re creating efficiencies that enable growth while letting professionals focus on the accounting work they’re best at. Partnering with Intapp on conflicts is one of several ways our firms are adapting to fast-evolving technology and benefiting from AI.”

    This partnership approach has worked well for Crete PA. Since its founding in 2023, it has received funding from Thrive Capital and Bessemer Venture Partners to focus on technology evolution. It also became one of the fastest growing networks of accounting and professional services firms in the U.S. In its first year, Crete PA partnered with more than 10 firms with multi-decade track records of excellent client service.

    “Crete PA is taking a real leadership position in today’s quickly evolving accounting market,” said Kareem Zaki, Partner at Thrive Capital. “Centralizing and tech-enabling back-office functions for its network of accounting firms — through its partnership with Intapp — is spurring operational infrastructure advancement and supporting continued growth for member firms, while maintaining who they are at the core.”

    Addressing conflicts clearance

    “In our partnership model, conflicts and independence clearance can be complex and a new challenge for firms that must consider services being performed across the other Crete PA member firms,” said Brad Knudsen, Director of Compliance at Crete PA. “Using Intapp, we’ve created a centralized way to check conflicts and independence, ensuring compliance with professional standards and increasing trust in our growth and operating strategy.”

    Knudsen added: “We were able to implement Intapp through our centralized technology stack, which means that we do not have to implement the technology every time we partner with a new firm. This can be a big relief for firms that want to minimize unnecessary software implementations.”

    Intapp compliance solutions help professionals quickly yet thoroughly evaluate new business, onboard clients, and monitor relationships for compliance throughout the client lifecycle. Crete PA is using Intapp Conflicts to implement a centralized, AI-driven approach to help ensure all potential conflicts and independence impairments are addressed quickly and confidently.

    All member firm data now flows into a consolidated data warehouse where Intapp Conflicts uses Applied AI and predictive risk-scoring capabilities to search for and analyze potential conflicts. The software helps automate these functions, enabling Crete PA’s compliance team to focus on results containing high-risk issues and requiring responsive remediations.

    “Intapp Conflicts is not just helping us bolster our overall compliance posture, it’s bringing an element of innovation to a traditionally slow and painful function,” said Leslie Adler, General Counsel at Crete PA. “Oftentimes, firms rely on spreadsheets, manual processes, and lengthy completion timelines to clear a prospect and get an engagement letter out. Our approach, using a best-in-class AI-powered solution, will unburden staff and improve the firm’s overall risk management profile.”

    Multiplying success with Intapp

    “Crete PA is leading the way amid dynamic industry changes, and we’re thrilled they’ve chosen us to support them,” said Tom Koehler, Global Managing Principal of Accounting and Consulting Industries at Intapp. “Intapp Conflicts is not only centralizing the information and processes that protect Crete PA and its member firms, but also introducing advanced automation to facilitate seamless compliance across dispersed office locations and teams. This innovative approach enhances operational independence and mitigates regulatory risk during a period of exponential growth, setting a new standard for efficiency and governance in the profession.”

    On the heels of its successful Intapp Conflicts implementation, Crete PA is implementing Intapp Intake to further automate and ease its new client acceptance, onboarding, and continuance processes.  

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn. 

    ABOUT CRETE PROFESSIONALS ALLIANCE
    The accounting industry is fundamentally changing, partially driven by the uptick in Mergers & Acquisitions (M&A) activities in the past several years. Crete Professionals Alliance (“Crete PA”) established itself in 2023 to create an alternative to the traditional exit options for accounting and professional services firm owners. Crete PA partners with firms across the country to complement their existing strengths and support their future growth. Its structure supports local leadership, local brands, and local cultures while providing access to its national back-office resources and financial backing. Crete PA makes investments in the non-attest businesses of accounting firms, all of which adopt an alternative practice structure.

    Contact:
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network –

  • MIL-OSI: Metal Sky Star Acquisition Company Announces LOI with Fedilco Group Limited

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Metal Sky Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ: MSSA) (the “Company” or “Metal Sky”) announced today that it has entered into a letter of intent (the “LOI”) with Fedilco Group Limited, a Cyprus based company (“Fedilco”) holding 80% equity interest of Viva Armenia Closed Joint-Stock Company, an Armenia-based telecommunication company (“Viva”). Pursuant to the LOI, the Company expresses interest in acquiring all the issued and outstanding shares of Fedilco. The parties will obtain all the required permissions and/or approvals of the state authorities of the Republic of Armenia.

    Viva’s success in the field of mobile communications is conditioned by the following principle: mobile services should be available not to a limited number of people, but to everyone. Viva provides its subscribers with the opportunity to keep in touch with their homeland, regardless of their location. Viva has 529 roaming partners in 192 countries of the world. Viva is the first company in Armenia to introduce and apply CSR as a management model and is the first operator to be guided by the international principles of social responsibility ISO 26000.

    “We are excited to announce this LOI with Fedilco,” said Wenxi He, CEO of Metal Sky. “Viva is emerging as a leader in the telecommunication industry in Armenia, and we believe that this transaction will position us to effectively capitalize on growth opportunities in the sector and enhance shareholder value.”

    “We are excited to enter this partnership to meet our commitment to focus on the next generation telecommunication technology,” said Loizos Vasiliou, Director of Fedilco. “This partnership into the public markets broadens our investor base and the combined company will have a strong platform to drive innovation and expand our market reach.”

    About Metal Sky Star Acquisition Corporation

    Metal Sky Star Acquisition Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    About Fedilco Group Limited

    Fedilco Group Limited, incorporated under the laws of Cyprus, is the controlling shareholder of Viva, a leading and innovate technology company in Armenia’s ICT sector.

    Forward Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed transaction with Fedilco. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s annual report for the fiscal year ended December 31, 2023, filed with the SEC on August 30, 2024. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contacts:

    Wenxi He
    Chief Executive Officer
    221 River Street, 9th Floor,
    Hoboken, New Jersey
    (201)721-8789
    Email: olivia.he@gmail.com
    olivia@metalskystar.com

    Source: Metal Sky Star Acquisition Corporation

    The MIL Network –

  • MIL-OSI: Red Cat Secures $1 Million Contract for its FlightWave Edge 130 Blue

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Oct. 15, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured a $1 million contract for its Edge 130 Blue drones from the United States Army Communications-Electronics Command (CECOM). The contract was secured through Noble, a leading provider of global sustainment and operations support for the U.S. Military and civilian government agencies, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CECOM.

    FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.

    “It is great to deepen our relationship with the U.S. Army and to be part of CECOM’s mission to deliver C5ISR systems that enable full spectrum combat operations at the point of need,” said Jeff Thompson, Red Cat CEO. “We are committed to supporting the U.S. Army’s modernization strategy and transformation into a multi-domain force where small, portable unmanned aerial systems like the Edge 130 play an increasing role in conducting intelligence, maneuver, and strike activities across multiple battlefield formations.”

    The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at http://www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI Economics: BoBC Auction Results – 15 October 2024

    Source: Bank of Botswana

    The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 23 October 2024.  For the 1-month BoBC paper maturing on 13 November 2024, the stop-out yield increased from 2.27 percent to 2.31 percent. The summarised results of the auction held on 15 October 2024, are attached below:

    BOBC Results 15 October 2024.pdf

    MIL OSI Economics –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 14 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,765,401 7.1465    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,765,401 7.1465    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 121,200 44.51p
    10p ORDINARY SALE 23,290 44.633p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 14 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,096,008 1.2745    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,096,008 1.2745    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 10,600 92.7p
    0.375p ORDINARY SALE 1,075 92.705p
    0.375p ORDINARY SALE 5,000 92.715p
    0.375p ORDINARY PURCHASE 3,843 93.0171p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Arcis Capital Partners LLC Renamed As Quartus Capital Partners LLC With Renewed Focus on AI and Technology Investments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Quartus Capital Partners LLC, formerly known as Arcis Capital Partners LLC, is unveiling a bold new identity as part of its evolution into an Artificial Intelligence (AI) and technology investment firm.

    The rebranding as Quartus Capital Partners signifies a renewed focus on AI and technology investments—sectors that are not only burgeoning with innovation but also offer significant opportunities for growth and impact.

    “With the rebranding to Quartus Capital Partners, we harness our historical strengths and channel them into new opportunities, allowing us to remain at the leading edge of AI and technology investments,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. This new identity is a testament to our enduring commitment to lead and shape the markets of tomorrow by driving innovation and excellence in AI and technology ventures.

    Leading with Expertise: The Quartus Edge

    Quartus Capital Partners’ leadership team boasts over 30 years of expertise in AI and technology, offering unique insights into high-growth potential sectors. As a firm, we don’t just invest—we partner with companies, leveraging our deep expertise in growth and performance improvement to unlock their true potential.

    Venture Growth Equity Strategy with a Performance Edge

    Our strategy goes beyond typical venture investments. Quartus Capital Partners specializes in growth-stage ventures, combining the high-upside potential of venture capital with the downside risk protections usually seen in buyouts. With our deep expertise in growth and performance improvement, we help turn growth-stage ventures into market leaders poised for long-term success.

    Transforming Industries, Shaping the Future
    “At Quartus, we believe in the power of AI and technology to not only drive financial returns but to create lasting, positive change,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. “We’re investing in the future, in companies that are not just part of the AI revolution, but are leading it.”

    About Quartus Capital Partners
    Quartus Capital Partners is an AI and technology investment firm with partner presence in New York City, Miami, Silicon Valley and Asia. Led by AI pioneers, technologists, and seasoned operators, we specialize in scaling growth-stage technology ventures. Our mission is to create market leaders that will define the future, improve performance across industries and make positive impact.

    Media Contact

    info@quartuscap.com

    The MIL Network –

  • MIL-OSI Security: Defense News: USS Frank Cable conducts Port Visit in Jeju-Do, Republic of Korea

    Source: United States Navy

    JEJU-DO, South Korea (Oct. 13, 2024) – Forward-deployed U.S. Navy submarine tender USS Frank Cable (AS 40) departed the island of Jeju-Do, Oct. 13, after a scheduled port visit.
    Seven decades ago, the United States and Republic of Korea (ROK) signed the U.S.-ROK Mutual Defense Treaty and established an alliance that has proven to be among the most capable, cooperative, and durable in the world. Frank Cable’s visit highlights the enduring nature of the U.S.-ROK partnership.

    “This port visit was an outstanding opportunity to strengthen the relationship between our people and our navies,” said Capt. Mike Thompson, commanding officer, USS Frank Cable. “It was an honor to meet our counterparts from the Republic of Korea navy and to build bonds that benefit the entire region. As a nation, we strive to strengthen deterrence and modernize the U.S.-ROK Alliance through regular bilateral consultations, exercises, and strategic asset deployments. This visit, and visits like this, enhance our interoperability with a key ally and ensure our readiness to address shared maritime security challenges.”

    Over the past four days in port, Frank Cable brought alongside ROK Na Dae-Yong (SS-069), a Chang Bogo-class submarine, in order to provide services and further demonstrate Frank Cable’s ability to repair allied submarines across the Indo-Pacific region. Frank Cable also conducted key leader engagements, hosted ship tours for ROK civilian and naval personnel, and embraced the opportunity to explore the local community and culture on Jeju-Do Island.
    While aboard Frank Cable, ROK visitors walked the ship’s main spaces, met with command leadership and heard from Frank Cable Sailors in the Repair, Weapons, Supply, Medical, and Deck departments. These Sailors highlighted the scope of expeditionary submarine tender capabilities through a variety of displays and demonstrations.
    Frank Cable personnel were also invited to tour the ROK Na Dae-Yong. Named in honor of a Korean naval officer and acclaimed ship designer, the Na Dae-Yong utilizes a diesel-electric power plant and was commissioned in 2000.

    “I was thrilled to get to tour the Na Dae-Yong while here in the South Korea,” said MMN1 Gregory Ray, from Snohomish, Washington. “I’ve been on three different classes of U.S. submarines, but never a foreign submarine, and it still surprises me how different the manning and configurations can be in order to successfully execute the mission.”
    The timing of this port visit was particularly special for both nations in light of the anniversaries that surround it. Frank Cable’s visit not only coincided with the U.S. Navy’s 249th birthday, but also comes just days after the anniversary of the U.S.-ROK Mutual Defense Treaty, codified Oct. 1, 1953.

    Frank Cable, forward-deployed to the island of Guam, provides expeditionary intermediate-level maintenance, services, and logistics support to deployed submarines and surface vessels in the Indo-Pacific region. Frank Cable is currently conducting routine operations in support of national security in the U.S. 7th Fleet area of operations.
    Under Commander, U.S. Pacific Fleet, U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet, and routinely operates with allies and partners in preserving a free and open Indo-Pacific region.

    For more information about Frank Cable visit our Facebook page http://www.facebook.com/FrankCableAS40 .
    Are you interested in taking orders to Guam? Want to learn more about the duty station and life on our island? For more information, check out the ‘Go Guam!’ website at http://www.csp.navy.mil/go-guam/ and download the ‘1st Fifteen’ checklist.

    MIL Security OSI –

  • MIL-OSI Security: Defense News: USS New York Arrives in Larnaca, Cyprus for Port Visit

    Source: United States Navy

    LARNACA, CYPRUS – The amphibious transport dock ship USS New York (LPD 21) and embarked 24th Marine Expeditionary Unit (MEU), Special Operations Capable (SOC) arrived in Larnaca, Cyprus for a regularly scheduled port visit, October 14, 2024.

    “Our Sailors and Marines are eager to experience the vibrant Cypriot culture, food, and history while continuing to forge and strengthen the ties between the two partners,” said Cmdr. David Pagan, New York’s executive officer. “The opportunity to experience the world-class hospitality of the Cypriot people is something our crew is exceptionally excited for and we sincerely appreciate their support as we deepen our bond with them as military ambassadors for the United States.”

    While in the NAVEUR-NAVAF area of operations, New York will support U.S., Allied and partner interests in the region, including in the Eastern Mediterranean Sea, to continue promoting regional stability and deterring aggression. The presence of an integrated Navy-Marine Corps team provides flexibility and enhanced capability to NAVEUR-NAVAF and U.S. 6th Fleet.

    New York departed Norfolk, Virginia on a scheduled deployment to the U.S. Naval Forces Europe-Africa (NAVEUR-NAVAF) area of operations on May 22.

    The Wasp Amphibious Ready Group (WSP ARG) consists of the amphibious assault ship USS Wasp (LHD 1), New York, Harpers Ferry-class dock landing ship USS Oak Hill (LSD 51), and embarked 24th Marine Expeditionary Unit (MEU), Special Operations Capable (SOC).

    The 24th MEU (SOC) is a Marine Air-Ground Task Force (MAGTF) providing strategic speed and agility, ensuring our Marines are prepared to respond and protect U.S. national security interests around the globe. The MEU can respond rapidly from longer ranges with greater capabilities across the spectrum of military conflict.

    You can follow USS New York’s adventures on Facebook and Instagram (@uss_newyork).

    To learn more about WSP ARG and 24th MEU (SOC) “Team of Teams,” visit their DVIDS feature page at https://www.dvidshub.net/feature/wasparg24thmeu.

    MIL Security OSI –

  • MIL-OSI Security: Defense News: Truman Strike Group Transits Strait of Dover for the North Sea

    Source: United States Navy

    NORTH SEA – The Harry S. Truman Carrier Strike Group (HSTCSG) transited through the Strait of Dover for the North Sea, Oct. 14.

    The strike group will conduct operations in the North Sea with Allies and partners from several countries in the region, demonstrating the warfighting interoperability and strategic relationships built over the past eighty years.

    “Storied in world history, our transit through the Strait of Dover to operate with our Allies in the North Sea underscores our commitment to maritime security and the NATO Alliance,” said Rear Adm. Sean Bailey, commander of the HSTCSG. “We will operate with our NATO Allies and partners to strengthen our collective readiness, defense, and deterrence. No nation can confront today’s challenges alone, and we look forward to showcasing our interoperability.”

    The Strait of Dover, historically known as the Dover Narrows, is the narrowest part of the English Channel and separates Great Britain from mainland Europe. The channel also separates the Atlantic Ocean from the North Sea, a strategically important area where the carrier strike group will conduct various bilateral operations with Allies and partners. The strike group last operated in the North Sea during a deployment in 2018, including time operating above the Arctic Circle in the Norwegian Sea for the NATO exercise Trident Juncture.

    “I’m excited to operate in the North Sea again,” said Capt. Dave Snowden, commanding officer of USS Harry S. Truman and former executive officer during the 2018 deployment. “With its unique geographical and environmental characteristics, every time we operate in this region we increase our proficiency and showcase our inherent flexibility to operate anywhere in the world.”

    The HSTCSG will support U.S. Naval Forces Europe’s maritime operations and theater security cooperation missions, working alongside Allies and partners to maintain maritime safety, security, and stability. The Ford-class aircraft carrier USS Gerald R. Ford (CVN 78) operated in the North Sea in 2023 and was the first aircraft carrier to visit Oslo, Norway, for a port of call since 1958.

    Before entering the Strait of Dover, the strike group operated off the Azores and Northern Africa for a series of warfighting training scenarios between the strike group’s ships and air wing before heading North for the English Channel.

    “It feels like the world has their eyes on us, speculating where we’ll go and what we’ll do next,” said Lt. Adam Biethman, a reactor department officer onboard Harry S. Truman. “I love the flexibility of our strike group, and it’s great to know we’ll be operating and learning from our Allies in the North Sea.”

    The carrier strike group consists of the flagship USS Harry S. Truman (CVN 75); Carrier Air Wing (CVW) 1 with nine embarked aviation squadrons; staffs from CSG-8, CVW-1, and Destroyer Squadron (DESRON) 28; the Ticonderoga-class guided-missile cruiser USS Gettysburg (CG 64); and two Arleigh Burke-class guided-missile destroyers, USS Stout (DDG 55) and USS Jason Dunham (DDG 109).

    HSTCSG’s mission is to conduct prompt and sustained combat operations at sea and remain the cornerstone of the Navy’s forward presence through sea control and power projection capabilities. You can find them on DVIDS at https://www.dvidshub.net/unit/CVN75.

    MIL Security OSI –

  • MIL-OSI Security: Defense News: Nimitz Passes Final Evaluation Problem

    Source: United States Navy

    PACIFIC OCEAN – The aircraft carrier USS Nimitz (CVN 68) took one more step toward returning to a deployment-ready state, completing its first post planned incremental availability exercise while underway in the Pacific Ocean Sept. 27.

    The culmination of the training evolution was a Final Evaluation Problem (FEP), a command assessment tailored to the unique training portfolio and requirements of Nimitz, as well as the ship’s upcoming deployment. Passing the FEP moves Nimitz into the pre-deployment phase, beginning the ship’s preparation for the Composite Training Unit Exercise (COMPTUEX), and eventual deployment.

    “We’ve overcome the first major hurdle of Nimitz’s pre-deployment training and evaluation process,” said Capt. Douglas Graber, Nimitz commanding officer. “It was difficult evolution, but the long hours of training and preparation we put in really paid off. I couldn’t be more proud of our crew and their performance throughout the evaluation process.”

    For more information please contact the USS Nimitz Public Affairs Officer at pao@cvn68.navy.mil.

    MIL Security OSI –

  • MIL-OSI Security: Former King County Jail Guard Sentenced to More Than Eight Years in Prison for Accepting Bribe to Bring Narcotics Into Facility

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Charity and Disaster Fraud

    Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

    BABY JANE DOE

    Homicide Victim Washington Township, New Jersey December 4, 1986

    Capitol Violence

    The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

    MIL Security OSI –

  • MIL-OSI Canada: Defence Minister Bill Blair to travel to Europe for North Atlantic Treaty Organization and G7 Defence Ministers’ Meetings

    Source: Government of Canada News

    The Honourable Bill Blair, Minister of National Defence, will travel to Europe from October 17-20 to meet with Allies and partners to discuss issues of shared interest and ways to strengthen defence relationships.

    October 15, 2024 – Ottawa, Ontario – National Defence / Canadian Armed Forces

    The Honourable Bill Blair, Minister of National Defence, will travel to Europe from October 17-20 to meet with Allies and partners to discuss issues of shared interest and ways to strengthen defence relationships.

    From October 17-18, Minister Blair will attend the North Atlantic Treaty Organization (NATO) Defence Ministers’ Meeting (DMM) in Brussels, Belgium. This meeting will be an important opportunity for Allies to discuss issues related to security in the Euro-Atlantic, Middle East and Indo-Pacific regions, as well as NATO’s ongoing support for Ukraine.

    In Brussels, Minister Blair will participate in several side events, including a Defence Ministers’ Meeting of the Global Coalition Against Daesh. The Minister will also host a Northern Defence Dialogue with Arctic Allies and partner states to reaffirm their shared commitment to enhanced collaboration on Arctic security and defence.

    From October 18-20, the Minister will attend the first-ever G7 DMM in Naples, Italy. He will participate in discussions with his counterparts on G7 priorities, including support for Ukraine, the conflict in the Middle East, as well as economic security and resilience.

    While in Europe, Minister Blair will hold several bilateral meetings with counterparts.

    Media Availability

    Following the G7 DMM, Minister Blair will hold individual interviews with Canadian media. For further information, please contact Simon Lafortune (details below).

    Date and time: Saturday, October 19 between 9:30AM and 10:30AM ET

    Other arrangements can be made if necessary.

                                                                                            -30-      

    Simon Lafortune
    Press Secretary and Communications Advisor
    Office of the Minister of National Defence
    Phone: 343-549-0778
    Email: Simon.Lafortune2@forces.gc.ca

    Media Relations
    Department of National Defence
    Phone: 613-904-3333
    Email: mlo-blm@forces.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Security: Fresno Man Sentenced to Three Years in Prison for Series of Vehicle Pipe-Bombings

    Source: Federal Bureau of Investigation (FBI) State Crime News

    FRESNO, Calif. — Scott Eric Anderson, 46, of Fresno, was sentenced Wednesday to three years in prison for conspiracy to destroy property, malicious destruction by means of an explosive device and being a felon in possession of a firearm, U.S. Attorney Phillip A. Talbert announced.

    According to court documents, between November 2022 and February 2023, Anderson committed a series of pipe-bombings on unoccupied vehicles and property in Fresno. The bombings damaged vehicles belonging to two auto-related businesses on Clinton Avenue in Fresno. On Feb. 19, 2023, a bomb heavily damaged a vehicle used by a home health care business on Fallbrook Avenue in Fresno. Anderson sometimes recorded his crimes by video. Law enforcement also recovered a pistol in Anderson’s bedroom. Anderson was previously convicted of carrying a loaded and concealed weapon and is prohibited from possessing a firearm.

    This case was the product of an investigation by the Fresno Police Department, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Assistant U.S. Attorney Michael G. Tierney prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Oxnard Man Affiliated with Local Gang is Sentenced to Eight Years in Prison for Narcotics Trafficking

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Charity and Disaster Fraud

    Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

    BABY JANE DOE

    Homicide Victim Washington Township, New Jersey December 4, 1986

    Capitol Violence

    The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Dan Corry appointed to lead Defra regulation review

    Source: United Kingdom – Executive Government & Departments 2

    Defra announces internal regulatory review led by economist Dan Corry

    The economist Dan Corry has been appointed to carry out an internal review into the regulation and regulators at the Department for Environment, Food & Rural Affairs (Defra).

    The review will examine whether the inherited regulatory landscape is fit for purpose and develop recommendations to ensure that regulation across the Department is driving economic growth while protecting the environment.

    The review will explore:

    • Whether Defra regulators are equipped to drive economic growth, secure private sector investment and protect the environment
    • The customer and stakeholder experience of regulation, including the impact on those who are regulated.
    • The efficiency of regulation, in particular whether the current regulatory landscape involves any duplication and/or contradiction, and whether there are opportunities to make improvements.

    The review is part of wider work to position Defra as a key economic growth department with regulatory reform to:

    • Boost private sector investment into the water sector, creating tens of thousands of jobs and speeding up the delivery of infrastructure to clean up water pollution and enable economic growth. 
    • Transform regional economies across the country through the development of a circular economy by reusing more existing materials, driving down waste across key sectors such as construction and packaging, reducing import costs for businesses and cutting carbon emissions.
    • Develop pragmatic solutions that are needed to build the homes and infrastructure this country needs, while protecting and improving environmental outcomes.
    • Strengthen economic resilience in communities that need better flood defences.
    • Drive rural economic growth by cutting red tape for farmers and boosting Britain’s food security.

    Dan Corry brings a wealth of experience to the role, having previously served as Head of the No10 Policy Unit under former Prime Minister Gordon Brown and adviser in many Government departments where he was involved in regulatory reform. 

    It comes as yesterday (14 October) the government hosted the International Investment Summit with 300 industry leaders, where the Prime Minister set out billions worth of investment deals, as well as plans to tackle unnecessary regulation. This is part of the government’s growth mission to create jobs, improve living standards, and make communities and families across the country better off.

    Updates to this page

    Published 15 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Coventry holiday programme voted a brilliant success!

    Source: City of Coventry

    A Coventry teen enjoyed one of his best summers ever, thanks to the Holiday Food and Activities programme (HAF).

    Corey, a student at Woodfield School in the city, was anxious and reluctant to go along to any of the HAF sessions at first, but after attending one, he couldn’t wait to take part in more.

    Mum, Gemma, said:

    “He has enjoyed the experience of all activities provided, seeing him being so excited to come home and telling me about his days and showing pictures and making phone calls to me, tells me how much fun he’s having.

    “Corey’s told me his experiences were good and he scores summer school a nine out of 10. Just want to say a massive thank you to the staff for organising everything.”

    Over 4000 Coventry children enjoyed a fun-filled summer break with activities and a meal, thanks to the government-funded, council supported HAF programme.

    16,000 children are eligible in Coventry to attend the HAF programme across Easter, Summer and Winter.

    Cllr Dr Kindy Sandhu, Cabinet Member, Education and Skills, commented:

    “It’s always really heart-warming to hear and read how people’s lives are impacted so positively by programmes such as this. As we know, there are lots of other young people, like Corey, who I’m sure would benefit from the activities being delivered via the Holiday and Activities programme.

     I’d urge Coventry families to check if they are eligible to access the Holiday Activity Fund programme in the future, especially as we will be offering another excellent range of activities over the Christmas holiday season.”

    Families are being encouraged to see if they qualify for the programmes by checking online and registering now to benefit in time for the Christmas holiday programme.

    The HAF programme gives those families who are eligible for free school meals the chance to take part in fun and enjoyable sessions during the holidays, all with food provided.

    Tuesday, 15th October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Manchester Libraries twin with Ukraine Library

    Source: City of Manchester

    Manchester Libraries has been twinned with a Ukrainian library through a partnership programme set up to bring closer links with libraries in Ukraine.

    Libraries Connected, the organisation of all public libraries in the United Kingdom, has overseen the development of a library twinning partnership with Library County, the Ukrainian library association.

    The announcement has seen Manchester Libraries, twinned with the Lviv Regional Youth Library. It is one of several UK libraries twinned with a counterpart in Ukraine.

    Being twinned with a Youth Library is particularly apt because of Moss Side Powerhouse Youth Library, a library specialising in offering a service to young people. Lviv, like Manchester is a UNESCO City of Literature.

    Since the war broke out, libraries in Ukraine have had to adapt to changing conditions with a focus on supporting their communities’ mental health, countering misinformation, and providing practical help.

    The twinning programme aims to promote information exchange about language, literature, and culture, to develop joint initiatives, connect audiences through exchange of experience, books and digital material as well as celebrating both UK and Ukrainian literature and culture.

    Councillor John Hacking, Executive Member for Skills, Employment and Leisure welcomed the opportunity to twin with the Lviv Regional Youth Library today and said:

    ” We are delighted that Manchester has been given this opportunity to twin with a Ukrainian library. We have a strong Ukrainian community, and we have been eager to show solidarity and connect with them in this way.

    “Libraries whether here or in Ukraine sit at the heart of and are the bedrock of communities and are an important resource for our young people, we hope to support Lviv Youth Library and the library staff in whatever way we can.”

    Manchester Libraries is a Library of Sanctuary having been re-awarded Libraries of Sanctuary Status for another three years, earlier this year. It recognises and celebrates libraries that go above and beyond to welcome sanctuary seekers and refugees, demonstrating solidarity and inclusivity and the benefits of a welcoming culture to everyone.

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: HK-Sichuan ties discussed

    Source: Hong Kong Information Services

    Secretary for Home & Youth Affairs Alice Mak today met Sichuan Provincial People’s Government Hong Kong & Macao Affairs Office Director Zhang Tao to exchange views on enhancing youth development and exchanges and on district governance work between Sichuan and Hong Kong.

    Welcoming the delegation led by Ms Zhang, Miss Mak said that Hong Kong and Sichuan have a close relationship and much to learn from one another.

    She noted that to enhance Hong Kong youth’s understanding of the country, the Home & Youth Affairs Bureau has been actively taking forward various exchange and internship programmes, with some covering Sichuan such as the Youth Internship Programme at Wolong Region of Giant Panda National Park under the Thematic Youth Internship Programmes to the Mainland, which receive staunch support from the Sichuan authorities.

    With regard to district governance, Miss Mak said that the bureau had arranged for district council (DC) members to go in batches to Zhejiang Province and Shanghai to learn about the country’s principles on grassroot governance and undertake site visits to learn their experiences in undertaking grassroot governance work.

    She said the move continuously enhances DC members’ capabilities in discharging their duties; and that the work in this regard would continue in future.

    Miss Mak added that she looks forward to deepening the co-operation on youth development and exploring mutual exchange on district governance work with Sichuan, and to contribute to the country’s development needs.

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: Ghana’s informal settlements are not all the same – social networks make a difference in community development

    Source: The Conversation – Africa – By Seth Asare Okyere, PhD, Visiting lecturer, University of Pittsburg and Adjunct Associate Professor, Osaka University, University of Pittsburgh

    Informal settlements in Africa are diverse. Across regions and even in the same city, socioeconomic and physical conditions vary. One thing is common though: upgrading them is a challenge.

    Among the challenges are issues of including people, having enough funding and sustaining improvements. That’s why attention is shifting to community driven development. This concept refers to local interventions that are started or led by community groups with support from the local government, private or civil society organisations.

    Community driven development has gained support from international agencies such as the World Bank. The World Bank Group is estimated to have invested about US$30 billion in projects like this across 94 countries.

    These initiatives are considered more affordable, efficient and durable. Communities often contribute local resources and labour, and residents can learn skills from service providers which enable them to manage projects in the long term. When residents work together it can also strengthen bonds and build social capital. Social capital generally refers to the ties, bonds, relationships and trust found in a community. It is an important resource in informal settlements.

    We are a group of urban and development planners who examined the role of social capital in community driven development in urban Ghana.

    We conducted our study in the Abese Quarter (La township) and Old Tulaku communities, in the Greater Accra metropolitan area. These are both informal settlements but have different social characters.

    Our findings highlight the need for local governments to tailor development to the social context of informal settlements. Development planning institutions should use the networks already present in communities, as well as providing external help and resources.

    The research

    Our analysis was based on questionnaire responses from 300 residents of informal settlements in Greater Accra. Abese Quarter is what we call an indigenous settlement. It it composed of residents from the local Ga ethnic group with similar cultural practices. Old Tulaku is a migrant settlement. It includes a mix of residents originally from other regions in Ghana who moved to Accra in search of economic opportunities.

    We observed community water and sanitation projects planned and carried out by local residents.

    In doing so, we considered the role of two types of social capital: bonding and bridging.

    Bonding social capital deals with the personal relationships between individuals based on shared identity. It’s about family, close companionship, culture and ethnicity. Bridging social capital refers to the connection between people and external groups.

    In the indigenous settlement, bonding social capital had a positive influence on community driven development. Bridging social capital showed a negative relationship with it. For example, the public toilet in the community was in a deplorable state. This seemed to be explained by an inability to build wider connections outside the community to get the support needed. We reason that socially homogeneous communities tend to generate inward-looking networks that limit access to resources from beyond the group. Overemphasis on social ties can impede long-term community development.

    In the migrant informal settlement, our research revealed the opposite. Without shared identities (like ethnicity, language and social norms), migrant residents drew on shared challenges and goals. They organised and built connections to get support from businesses and donors for community projects.

    Our research reinforces the argument that the relationship between social capital and community-driven development of informal settlements is not straightforward. The social character of the settlement, be it indigenous or migrant, produces different outcomes.

    Bonding and bridging social capital

    Informal settlements are often neglected by local government and planning authorities. In such poor conditions, social connections influence the local capacity to carry out improvement projects.

    Typically, high levels of bonding social capital are seen to promote collective action in communities that share similar social and cultural norms and practices. However, the long term benefits of such projects may require building partnerships with external support organisations and service providers.

    Bridging social capital goes beyond shared identities. It fosters connection between people and external organisations.

    Generally, community-driven development success is greatest when both forms of social capital are high and used together. For instance, in the Ubungo Darajani informal settlement in Kinondoni Municipality in Dar es Salaam, Tanzania, landholders relied on both to secure land for community development.

    What next?

    Local government and community-based organisations should harness the different forms of social capital for development.

    Policymakers can learn from the creative and innovative ways that informal communities solve problems. This could help improve informal settlements equitably and sustainably.

    Beatrice Eyram Afi Ziorklui, a registered valuer and auditor at the Performance and Special Audit Department of the Ghana Audit Service, was part of the research team and contributed to this article.

    – Ghana’s informal settlements are not all the same – social networks make a difference in community development
    – https://theconversation.com/ghanas-informal-settlements-are-not-all-the-same-social-networks-make-a-difference-in-community-development-239133

    MIL OSI Africa –

  • MIL-OSI Canada: Double Double: October 15th Canada Carbon Rebate delivers boost for rural families

    Source: Government of Canada News (2)

    Today, the Honourable Steven Guilbeault, Canada’s Minister of Environment and Climate Change, visited community members at a local coffee shop in Gananoque, Ontario, to announce the latest quarterly Canada Carbon Rebate payments are being delivered to their bank accounts and mailboxes, with a one-time “double double” rural top-up

    October 15, 2024 – Gananoque, Ontario

    Today, families across Canada will receive their Canada Carbon Rebate, a payment that is making life more affordable for Canadians. The Canada Carbon Rebate—alongside measures like dental care, child care, and others—contribute to the Government of Canada’s plan to help Canadian families get ahead while ensuring big polluters pay their fair share.

    Today, the Honourable Steven Guilbeault, Canada’s Minister of Environment and Climate Change, visited community members at a local coffee shop in Gananoque, Ontario, to announce the latest quarterly Canada Carbon Rebate payments are being delivered to their bank accounts and mailboxes, with a one-time “double double” rural top-up.

    The “double double” rural top-up

    In Budget 2024, the Government of Canada doubled the rural top-up from 10 percent to 20 percent of the Canada Carbon Rebate base amount, to better support Canadians who live in rural areas and small communities, since they often drive longer distances and have higher energy needs. Given the delayed passage of the Budget, today families are receiving an added one-time 20 percent to make up retroactively for the doubling of the rural top-up on the April 15 and July 15 payments, effectively adding a one-time 40 percent top-up to the base amount of this quarter’s Canada Carbon Rebate. For a family of four in Gananoque, Ontario, this means receiving a payment of $392 today, and a total of $1,344 from Canada Carbon Rebates this fiscal year.

    The Canada Carbon Rebate and the rural supplement are part of a broader government effort to ease financial pressures on Canadians while simultaneously supporting the Government of Canada’s plan to combat climate change.

    Canada’s price on pollution is working. When it comes to meeting Canada’s goals, pollution pricing alone is delivering at least a third of the reductions needed, while delivering clean air and incentivizing job-creating greener investments in communities. As of today, emissions are trending down, while the economy grows and wages for Canadians are increasing.

    Hermine Landry
    Press Secretary
    Office of the Minister of Environment and Climate Change
    873-455-3714
    Hermine.Landry@ec.gc.ca

    Media Relations
    Environment and Climate Change Canada
    819-938-3338 or 1-844-836-7799 (toll-free)
    media@ec.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Canada Carbon Rebate rural top-up, 2024 and 2025

    Source: Government of Canada News

    Backgrounder

    Ensuring carbon pollution pricing helps make life more affordable

    A price on pollution is widely recognized as the most efficient means to reduce the greenhouse gas emissions that are contributing to the more intense wildfires, droughts, and floods caused by climate change. Canada’s approach to pollution pricing is also designed to put money back into people’s pockets.

    Putting a price on pollution is a cornerstone of Canada’s plan, which is working to tackle climate change.

    Quarterly Canada Carbon Rebate for individuals—increased rural top-up

    The climate crisis is affecting all of Canada, but especially rural and small communities. They frequently face environmental, social, economic, cultural, and health impacts from climate change that are more intense than those in urban areas. Despite these challenges, these communities show remarkable resilience and often lead the way in adaptation efforts across Canada.

    Canadians living in rural and small communities are on the front lines of climate change, witnessing firsthand the devastating impacts of intensified wildfires, droughts, and floods. A price on pollution is found to be one of the most efficient ways that Canada is reducing greenhouse gas emissions, which contribute significantly to the frequency and severity of these impacts caused by climate change. The Canada Carbon Rebate both puts money back into people’s pockets and also stimulates investment in clean alternatives.

    In provinces where the federal fuel charge applies, most households get back more than they pay through the Canada Carbon Rebate for individuals, as a result of the federal carbon pollution pricing system, with lower- and middle-income households benefitting the most.

    To further recognize rural Canadians’ higher energy needs, particularly for home-heating and transportation, the Government of Canada has doubled the rural top-up available for households in rural areas and smaller communities from 10 percent to 20 percent of their Canada Carbon Rebate base amount, as of April 2024.

    This October, eligible Canadians will receive the enhanced rural top-up for the first time. The increase will be retroactive to April 1, 2024, so those households can expect an increased top-up amount for October 2024 with a one-time boost due to the increased top-up amounts for April and July.

    The top-up will apply to residents of provinces where the federal fuel charge applies, that is, Alberta, Saskatchewan, Manitoba, Ontario, Newfoundland and Labrador, New Brunswick, and Nova Scotia whose primary residence is outside a Census Metropolitan Area, as defined by Statistics Canada. All rebate recipients in Prince Edward Island are eligible for the rural top-up, and it is included in their base amount. Determine if you qualify for the rural top-up.

    The table below shows the amount a family of four can expect to receive each quarter in 2024–2025. As all proceeds are returned in the province they were collected in, the rebate amount varies between provinces. It is higher in provinces with more consumption of fossil fuels.

    Table 1

    Quarterly Canada Carbon Rebate amounts for families of four for 2024 and 2025
    Province Family of four Rural
    Alberta $450.00 $540.00
    Manitoba $300.00 $360.00
    Ontario $280.00 $336.00
    Saskatchewan $376.00 $451.20
    New Brunswick $190.00 $228.00
    Nova Scotia $206.00 $247.20
    Prince Edward Island* $220.00 $220.00
    Newfoundland and Labrador $298.00 $357.60

    *As all residents of Prince Edward Island are eligible for the 20 percent rural top-up, it is reflected in the base amount for that province.

    Table 2

    Annual Canada Carbon Rebate amounts for families of four for 2024 and 2025
    Province Family of four Rural
    Alberta $1,800.00 $2,160.00
    Manitoba $1,200.00 $1,440.00
    Ontario $1,120.00 $1,344.00
    Saskatchewan $1,504.00 $1,804.80
    New Brunswick $760.00 $912.00
    Nova Scotia $824.00 $988.80
    Prince Edward Island* $880.00 $880.00
    Newfoundland and Labrador $1,192.00 $1,430.40

    *As all residents of Prince Edward Island are eligible for the 20 percent rural top-up, it is reflected in the base amount for that province.

    Canada Carbon Rebate for Small Businesses

    Canada’s small- and medium-sized businesses are the backbone of the Canadian economy and the heart of our communities. Across the country, they keep main streets flourishing, create good jobs, and deliver on the dream of entrepreneurship. Through the new Canada Carbon Rebate for Small Businesses, the Government of Canada is delivering on its commitment to return proceeds from the price on pollution directly to small- and medium-sized businesses with employees in the provinces where the federal fuel charge applies.

    This accelerated and automated return process will deliver over $2.5 billion directly to an estimated 600,000 small- and medium-sized businesses with employees in provinces where the pollution pricing system applies through a refundable tax credit. By receiving direct payments from the Canada Revenue Agency, separate from tax refunds, this simple process for returning fuel charge proceeds will help eligible small- and medium-sized businesses to focus on what matters most—driving their businesses forward.

    The Canada Revenue Agency plans to issue the rebate to eligible Canadian-controlled private corporations (CCPCs) that filed their 2023 tax return no later than July 15, 2024, by the end of the calendar year. Most businesses should receive their payment by:

    • December 16, 2024, if registered for direct deposit
    • December 31, 2024, if receiving payment by cheque

    On October 1, 2024, the Government of Canada specified payment rates, on a per employee basis, for the 2019–2020 to 2023–2024 fuel charge years, and the designated provinces in which these payment rates will apply.

    Table 3

    Specified payment rates per employee for the Canada Carbon Rebate for Small Businesses, 2019 and 2020 to 2023 and 2024
    – 2019 to 2020 2020 to 2021 2021 to 2022 2022 to 2023 2023 to 2024
    Alberta* n/a $147 $123 $140 $181
    Saskatchewan $110 $271 $244 $298 $233
    Manitoba $48 $99 $77 $89 $168
    Ontario $26 $68 $75 $86 $146
    New Brunswick* n/a n/a n/a n/a $87
    Nova Scotia* n/a n/a n/a n/a $119
    Prince Edward Island* n/a n/a n/a n/a $82
    Newfoundland and Labrador* n/a n/a n/a n/a $179

    *As the federal fuel charge only came into effect as of January 1, 2020, in Alberta, and as of July 1, 2023, in New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, small businesses in these provinces will receive payments for proceeds collected as of those respective dates.

    Table 4

    Example payment amounts for businesses, by number of employees, 2019 to 2023
    – 10 employees 25 employees 50 employees 100 employees 499 employees
    Alberta* $5,910 $14,775 $29,550 $59,100 $294,909
    Saskatchewan $11,560 $28,900 $57,800 $115,600 $576,844
    Manitoba $4,810 $12,025 $24,050 $48,100 $240,019
    Ontario $4,010 $10,025 $20,050 $40,100 $200,099
    New Brunswick* $870 $2,175 $4,350 $8,700 $43,413
    Nova Scotia* $1,190 $2,975 $5,950 $11,900 $59,381
    Prince Edward Island* $820 $2,050 $4,100 $8,200 $40,918
    Newfoundland and Labrador* $1,790 $4,475 $8,950 $17,900 $89,321

    *As the federal fuel charge only came into effect as of January 1, 2020, in Alberta, and as of July 1, 2023, in New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, small businesses in these provinces will receive payments for proceeds assessed after those respective dates.

    Additionally, to allow more businesses to receive a payment, it is also being proposed that corporations that file their tax return for 2023 after July 15, 2024, and on or before December 31, 2024, would be eligible for a payment. Legislation enacting these changes requires Royal Assent before payments can be issued to businesses filing after the initial July 15 deadline.

    More information on the Canada Carbon Rebate for Small Businesses payment amounts from 2019 and 2020 to 2023 and 2024 has been published by Finance Canada.

    Pollution pricing relief for farmers and fishers

    Farmers are on the frontlines of climate change, facing ever-increasing risks of floods, droughts, and storms to their operations. Canada’s approach to pollution pricing offers targeted support to farmers, who are also investing to deploy cost-saving and job-creating clean technology solutions. Farmers generally do not pay the fuel charge for gasoline and light fuel oil (diesel) used in eligible farming machinery on farms. Additionally, biological emissions are not priced under this federal system, totalling roughly 97 percent of on-farm emissions.

    Greenhouse operators also receive upfront relief of 80 percent of the fuel charge on propane and marketable natural gas used to heat an eligible greenhouse or to supplement carbon dioxide in eligible greenhouses to grow or produce plants.

    Additionally, farm businesses that operate in provinces where the federal fuel charge is in place can generally receive a refundable tax credit, the purpose of which is to return fuel charge proceeds related to farm use of natural gas and propane in heating and drying activities in those provinces to help farmers transition to lower-carbon ways of farming.

    Canada’s Greenhouse Gas Offset Credit System also provides an economic incentive for farmers to undertake innovative greenhouse gas reduction and removal projects.

    As part of the strengthened climate plan and the 2030 Emissions Reduction Plan, the Government of Canada committed over $1.5 billion to accelerate the agricultural sector’s progress on reducing emissions while remaining a global leader in sustainable agriculture. This includes $470.7 million for the Agricultural Clean Technology (ACT) Program to create an enabling environment for developing and adopting clean technology. This will help drive the changes required to achieve a low-carbon economy and promote sustainable growth in Canada’s agriculture and agri-food sector.

    Fishers are also provided with relief from paying the federal fuel charge on gasoline and light fuel oil (diesel) used in fishing vessels for eligible fishing activities.

    Industrial pollution pricing system

    Industrial pollution pricing systems are designed to ensure there is a price incentive for industrial emitters to reduce their greenhouse gas emissions and spur innovation while remaining competitive. Not only does pollution pricing ensure big polluters pay their fair share, it is also helping Canada attract new major projects that are creating good paying jobs.

    Canada’s approach to pollution pricing gives major heavy industries certainty on the price they pay for the pollution they generate, helping to bring forward investments in job-creating cleaner alternatives to meet their business needs. This helps them make informed decisions and is also designed to protect against the risk of industrial facilities moving to another region to avoid paying a price on carbon pollution.

    All proceeds generated from the federal industrial pollution pricing system in backstop jurisdictions are returned in the jurisdiction of origin to support industrial projects in cutting emissions and using new, cleaner technologies and processes.

    The Output-Based Pricing System (OBPS) Proceeds Fund returns proceeds collected under the federal OBPS and is comprised of two streams: the Decarbonization Incentive Program and the Future Electricity Fund. Further information on projects being funded by federal industrial pollution pricing proceeds has been published on the Open Government Portal.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: Bring photo ID if voting in the Harpenden North & Rural by-election

    Source: St Albans City and District

    Publication date:

    Voters in the Harpenden North & Rural ward are reminded to bring approved photo ID to their polling station for a by-election on Thursday 17 October.

    They are required to present the ID or a Voter Authority Certificate in order to vote in the by-election for a vacant seat on St Albans City and District Council.

    Approved ID includes a UK passport or driver’s licence, a Government-funded bus pass for older or disabled people, and a PASS card bearing the Proof of Age Standards Scheme hologram.

    Documents must be originals but they can be current or expired if the photo still bears a true likeness of the voter. 

    Full details of approved ID are available on the Electoral Commission’s website here. 

    Voters are asked to check their poll cards to see which polling station they should attend as it may be different to where they usually vote.

    A list of the candidates for the by-election, together with other information, is available here.

    Amanda Foley, Returning Officer for St Albans City and District, said:

    Approved photo ID is now established as a requirement for people voting at a polling station.

    We are just reminding the voters of Harpenden North & Rural to bring approved ID along. If they do not have it, they will not be able to vote.

    The by-election was called following the resignation of former District Councillor Beth Fisher.

    Votes will be counted overnight on Thursday 17 October and the elected District Council candidate will serve until May 2028.

    Media contact: John McJannet, Principal Communications Officer, St Albans City and District Council: 01727-919533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Restart a Heart Day 202414 October 2024 ​​​Staff from the States of Jersey Ambulance Service and members of the Health and Community Services Resuscitation Service will be teaching CPR and defibrillation techniques to members of the public for… Read more

    Source: Channel Islands – Jersey

    14 October 2024

    ​​​
    Staff from the States of Jersey Ambulance Service and members of the Health and Community Services Resuscitation Service will be teaching CPR and defibrillation techniques to members of the public for Restart a Heart Day, this coming Wednesday (16 October).

    ​Restart a Heart Day is an annual initiative, led by the Resuscitation Council (UK) to help people to learn CPR, and raise awareness and confidence in dealing with out of hospital cardiac arrest.

    UK statistics show that whereas only one in 25 victims of a cardiac arrest is likely to survive without receiving CPR, their chances increase to one in four where CPR takes place. 

    A stall will be set up next to the fountain on Broad Street between 09:00-14:00, to teach as many people as possible CPR and defibrillation skills.

    The event offers the chance for members of the public to try their hand at CPR, get to grips with a ‘defib’ and become more comfortable with what is involved, should they encounter someone who’s had a cardiac arrest. It takes just three minutes before damage to the brain can commence, and CPR can keep the blood flowing.

    Katie Campbell, Clinical Tutor for the States of Jersey Ambulance Service said: “Early CPR and defibrillation can double the chances of survival for someone who has suffered a cardiac arrest, so it is important as many people as possible know what to do in an emergency.

    “Restart a Heart Day is a brilliant initiative that spreads awareness and builds confidence to do the right thing in an emergency.”

    ​

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New leader for ARU’s work-based courses

    Source: Anglia Ruskin University

    Published: 14 October 2024 at 10:30

    Specialist in education and workforce development Carl Dawson joins university

    Carl Dawson, a globally renowned expert in online education and workforce development with over 20 years of experience, has been appointed to lead Anglia Ruskin University’s Online and Degrees at Work teams.

    Relocating to the UK from Texas, Carl has previously worked closely with universities, governments and companies in the United States, Canada, Australia, Bangladesh, Qatar and Saudi Arabia.

    Carl has extensive experience across both the public and private sectors and has implemented digital learning programs for institutions and governments, including the UK Cabinet Office. In 2013, he co-founded Construct Education, later recognized by Deloitte as one of the fastest-growing technology companies in the UK and now operating globally.

    He helped build accredited online education programs at institutions such as Howard University, the University of Michigan, and the University of Tennessee.

    In 2021, Carl became an advisor to the World Bank and the International Finance Corporation (IFC) on new digital learning strategies in a post COVID world. 

    His academic research includes time as a Transformational Leadership Fellow at Oxford University, a Policy Fellow at Cambridge University, and a Senior Research Associate at Jesus College, Cambridge, focusing on new economic models for higher education.

    The Degrees at Work team is at the forefront of driving growth for ARU’s distance learning and apprenticeships. The team collaborates closely with employers and academics to identify future talent needs, generating insights that shape ARU’s innovative, professional work-based programs.

    Carl, who takes the role of Director of Learning Development Services at ARU, said:

    “I’m thrilled to return to the UK to join Anglia Ruskin University and help shape the future of work in the East of England and beyond, ensuring this unique region leads in preparing learners for tomorrow’s industries and societal needs.

    “Being part of the University of the Year is an incredible opportunity, and I’m eager to build on our Gold Award for teaching, pioneering degree apprenticeships, and decade-long distance and online learning success.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Bring photo ID if voting in the Harpenden North & Rural by-election

    Source: St Albans City and District

    Publication date:

    Voters in the Harpenden North & Rural ward are reminded to bring approved photo ID to their polling station for a by-election on Thursday 17 October.

    They are required to present the ID or a Voter Authority Certificate in order to vote in the by-election for a vacant seat on St Albans City and District Council.

    Approved ID includes a UK passport or driver’s licence, a Government-funded bus pass for older or disabled people, and a PASS card bearing the Proof of Age Standards Scheme hologram.

    Documents must be originals but they can be current or expired if the photo still bears a true likeness of the voter. 

    Full details of approved ID are available on the Electoral Commission’s website here. 

    Voters are asked to check their poll cards to see which polling station they should attend as it may be different to where they usually vote.

    A list of the candidates for the by-election, together with other information, is available here.

    Amanda Foley, Returning Officer for St Albans City and District, said:

    Approved photo ID is now established as a requirement for people voting at a polling station.

    We are just reminding the voters of Harpenden North & Rural to bring approved ID along. If they do not have it, they will not be able to vote.

    The by-election was called following the resignation of former District Councillor Beth Fisher.

    Votes will be counted overnight on Thursday 17 October and the elected District Council candidate will serve until May 2028.

    Media contact: John McJannet, Principal Communications Officer, St Albans City and District Council: 01727-919533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Four Stoke-on-Trent shops closed as part of a raid on illegal cigarettes and vapes

    Source: City of Stoke-on-Trent

    Published: Monday, 14th October 2024

    Four shops in Stoke-on-Trent have been issued with closure orders after an operation by trading standards found illegal cigarettes and vapes being sold.

    Four shops in Stoke-on-Trent have been issued with closure orders after an operation by trading standards found illegal cigarettes and vapes being sold. This follows several months of investigation and test purchasing, including under age test purchasing, and a co-ordinated joint trading standards and police operation last week to target illegal cigarettes and vapes in the City. The officers were also supported by a tobacco detection team including sniffer dog, from Wagtail UK.

    The raids, linked to Operation CeCe, a national initiative which aims to tackle the supply of illegal tobacco, resulted in the seizure of  563 illegal vapes (£7319), 4.5kg of fake hand-rolling tobacco (retail value of £4300, street value £825 and £3000 of evaded duty), 17,600 illegal cigarettes (retail value of £11,000, street value £4000 and £8000 of evaded duty), and 40 packs of illegal shisha (estimated value £700) from the shop premises and one car which was also searched. 

    The council has now used its powers to issue four of the premises with a 48-hour closure notice and last week, Newcastle Magistrates Court made a closure order for each of the premises extending the 48 hours to three months. The city council will now work with the landlords of the premises to re-purpose them.

    Councillor Amjid Wazir OBE, cabinet member for city pride, enforcement and sustainability advised: “Another great result by the trading standards team. Premises found to be selling items illegally will face the consequences.
    “I encourage any resident to report any suspicious activity relating to the sale of illegal vapes, tobacco, underage sales and anything related.
    “We want Stoke-on-Trent to be a safe, thriving place, and this type of activity undermines the hard work of residents and legitimate businesses.”

    “When we have the evidence, we will continue to take action like this against businesses who sell illegal goods in Stoke-on-Trent.”

    Lord Michael Bichard, Chair, National Trading Standards, said: “The trade in illegal tobacco harms local communities and affects honest businesses operating within the law. Having removed 46 million illegal cigarettes, 12,600kg of hand rolling tobacco and almost 175kg of shisha products from sale, Operation CeCe, the National Trading Standards initiative in partnership with HMRC continues to successfully disrupt this illicit trade.” 

    Anyone who wants to report a similar issue to trading standards can call the Trading Standards Hotline 01782 238444 or visit stoke.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Speech: PM International Investment Summit Speech: 14 October 2024

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Prime Minister Keir Starmer delivered a speech at the International Investment Summit 2024.

    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    And thanks to all you for being here…

    It’s fantastic to stand here and look out and see so many of you here…

    And I’m really grateful that you have made the effort, and you are here. It means a huge amount to me and my government…

    And welcome to this Government’s first International Investment summit.

    And some of you I know have come a very long way to be here…

    You have flown in from a great distance, some of you will be going straight back out again afterwards.

    You have made a huge effort to share with us the precious gift of your time…

    And we are really, really grateful for that.

    And welcome to the Guild Hall…

    London’s ancient Town Hall…

    Isn’t it a fantastic building, it’s really breathtaking this Guild Hall.

    Not of course to be confused with the nearby Guildhall school of music…

    Where I once pursued a fleeting ambition to play the flute professionally. I kid you not…

    Complete with then long hair and very, very flared jeans. 

    All photographic evidence has been destroyed.

    But today we are pursuing a different ambition…

    A shared ambition…

    Growth.

    You have to grow your business.

    And I have to grow my country.

    I’ll leave it to you to decide if you think voters or shareholders are the more forgiving audience…

    But without growth – let’s just agree it’s a difficult conversation…

    And that therefore, growth is a cause that binds us together.

    The shared endeavour of prosperity.

    It’s why we’ve made it the number one test of this government…

    I am determined to do everything in my power to galvanise growth…

    Determined for this country to be the highest growing economy in the G7…

    That is our most important national mission.

    Because it’s the only way to deliver the mandate for change that we won.

    Growth is higher wages.

    Growth is more vibrant high streets.

    Growth is public services back on their feet.

    It’s less poverty, more opportunity, more meals out, more holidays, more precious moments with your family, more cash in your pocket.

    And of course, for any business…

    It means a bigger market.

    Higher demand…

    A more secure and prosperous future…

    Your effort and enterprise – rewarded in profit.

    But it’s much more important, even than all that. 

    We live in an age when political fires rage across the world.

    Conflict. Insecurity. A populist mood that rails against the open values so many of us hold dear.

    Values which, as you know…

    Are so crucial for making business easy to do.

    And yet – at the same time…

    Look around the world…

    Look at the investments you and others are making.

    This is an age of great possibility, as well. 

    Huge revolutions in digital technology, clean energy, medicine, life sciences…

    Each – with the potential to fundamentally change the way we live and the way that we work…

    Each – with the possibility to transform the lives of working people for the better.

    And so, in times like this…

    Economic growth is vital – as it always has been…

    If we are to steer our way through a great period of insecurity and change…

    And on to calmer waters. 

    Because when working people benefit from that growth…

    When every community enjoys the fruits of wealth creation…

    It stops a country turning in on itself and against the world.

    And that in turn, helps provides a stable foundation…

    Breathing space… 

    For a country to take advantage of those opportunities for a better future.

    To put it more simply…

    It’s not just that stability leads to growth – though we all recognise that. 

    It’s also that growth leads to stability…

    Growth leads to country that is better equipped to come together…

    And get its future back.

    That’s why it’s always been so critical to my political project.

    The key ingredient of that ‘Great Moderation’ we became accustomed to before the financial crash…

    But which together, in partnership…

    We now have to earn again. 

    Every one of you here today…

    Has been invited for that reason.

    It’s not just that you lead some of the most important businesses in the world.

    It’s also because you are pivotal to this great cause of our times. 

    And the reason we are focusing so much on investment…

    Is because the mission of growth, in this country in particular…

    Demands it.

    Private sector investment is the way we rebuild our country…

    And pay our way in the world.

    And make no mistake – this is a great moment to back Britain…

    This is great moment to back England, Scotland, Northern Ireland and Wales. 

    We have an amazing education system that produces some of the best talent in the world.

    The largest tech sector in Europe.

    Leading positions in some of those great industries of the future…

    Artificial Intelligence, Life Sciences, Clean energy, the creative industries.

    We’re a country where businesses thrive – small and large alike…

    With clear regulatory frameworks and protections…

    A legal system that sets high standards around the globe…

    A location which means we can speak to our colleagues in the Americas or Asia in the same day…

    A high ranking in the Global Innovation index, every year…

    Our wonderful global language…

    Our world-renowned sport and culture… 

    This great modern city…

    And all around us…

    A heritage steeped in commerce and trade…

    A set of shared values – centuries-long…

    For being a country that is open for business.

    You can’t put a price on any of this.

    Now we have our problems – of course we do.

    As I’ve said – our public services need urgent care… 

    And our public finances need the tough love of prudence…

    Challenges we cannot ignore. 

    Because, we know – just as every leader here knows…

    That those early weeks and months are precious.

    And, no matter how many people advise you to ignore it…

    That you must run towards the fire to put it out…

    Not let it spread further.

    So we will fix our public services…

    We will stabilise our economy… 

    And we will do it quickly.

    Because we don’t want any of those problems associated with our inheritance…

    Misting up the shop window of Britain…

    Distracting you – from all those assets I just listed.

    Assets that may feel more intangible…

    But are more valuable…

    More enduring…

    Deeper in the bones of this nation.

    And which are ready to be unlocked…

    If we take firm and decisive action on policy – which we can and we will…

    To give you total confidence that this is the moment to back Britain.  

    So let me quickly run through four crucial areas in our pitch for Britain.

    I know – it’s a kind of CEO heresy to have a list of four not three…

    So I apologise!

    But please indulge me.

    First – stability.

    We have a golden opportunity to use our mandate…

    To end the culture of chop and change…

    The policy churn…

    The sticking plaster politics…

    That makes it so hard for investors to assess the value of any proposition.

    Now, you may think – well every government says that…

    But the stability that comes with a large majority in our system…

    That is a unique advantage.

    And we have the determination…

    The focus on clear long-term ends…

    A mission-led mindset that thinks in years…

    Not the days or hours of the news grid…

    Needed to unlock that potential. 

    And don’t doubt that.

    Second – strategy.

    We are building a more strategic architecture for growth. 

    A way for investors to have a much steadier hand on the tiller.

    That’s why we’ve announced a new National Wealth Fund…

    And switched on Great British Energy…

    Which will accelerate investment in clean power and future technologies.

    Like Carbon Capture and Storage, for example…

    Which we just backed – alongside BP, Equinor and Eni

    And which shows the hard-headed approach we will bring to industrial policy.

    A partnership – sharing the risk with the private sector…

    Ambitious – absolutely. 

    But also unsentimental.

    Guided by the market…

    Focused, at all times…

    On the real potential for comparative advantage in this country.

    You know – this is the point I would always make about our Modern Industrial Strategy. 

    In this country, there has been a long rather arcane political debate about “picking winners”.

    Well, we’re not in the business of individual picking winners.

    But we are in the business of building on our strengths.

    Mowing the grass on the pitch…

    Making sure the changing rooms are clean and comfortable…

    That the training ground is good.

    So that when our businesses compete…

    They are match fit…

    That, to put it simply…

    We give the businesses of this country the best conditions to succeed.

    I don’t know why that’s sometimes controversial in this country…

    Industrial policy seems fairly commonplace elsewhere around the world.

    But it is fundamental to the way we see our job on growth…

    And our relationship with a room like this.

    Third – Britain’s global standing.

    We’re determined to improve it.

    Determined – to repair…

    Britain’s brand as an open, outward-looking, confident, trading nation.

    Look – I see this as a diplomatic necessity…

    And I think it’s clear how much priority I have given it in the first 100 days of government.

    All around the world…

    Whether it’s countries, or investors…

    People want to know that Britain can be a stable, trusted, rule-abiding partner.

    As we always have been…

    But that somehow, during the whole circus that followed Brexit… 

    The last Government made a few people less sure about. 

    Needlessly insulting our closest allies…

    And of course a few choice Anglo-Saxon phrases for business. 

    Well – no more.

    We have turned the page on that – decisively…

    And we will use that reset for growth. 

    Finally fourth – regulation

    Now, I don’t see regulation as good or bad.

    That seems simplistic to me.

    Some regulation is life-saving…

    We have seen that in recent weeks here, with the report on the tragedy of Grenfell Tower.

    But across our public sector…

    I would say the previous Government hid behind regulators.

    Deferred decisions to them because it was either too weak or indecisive…

    Or simply not committed enough to growth. 

    Planning is a very real example of that…

    Or – for our friends from across the pond…

    ‘Permitting’ is a really clear example of that… 

    The global language…

    But anyway – the key test for me on regulation…

    Is of course – growth. 

    Is this going to make our economy more dynamic?

    Is this going to inhibit or unlock investment?

    Is it something that enables the builders not the blockers?

    Now – I know some people may be wondering about our labour market policies introduced last week.

    Let me be clear – they are pro-growth.

    Workers with more security at work…

    With higher wages…

    That is a better growth model for this country.

    It will lead to more dynamism in our labour market.

    And seriously – we have to think differently about this…

    A nation’s position in the world is changing all the time…

    As must its growth model. 

    So while I know this is a room full of businesses who take investing in their human capital seriously…

    When I look at the British economy as a whole…

    It does seem as if sometimes, we are more comfortable hiring people to work in low paid, insecure contracts…

    Than we are investing in the new technology that delivers for workers, for productivity and for our country.

    And so we’ve got to break out of that trap.

    But we’ve also got to look at regulation – across the piece. 

    And where it is needlessly holding back the investment we need to take our country forward…

    Where it is stopping us building the homes…

    The data centres, the warehouses, grid connectors, roads,  trainlines, you name it…

    Then mark my words – we will get rid of it.

    Take the East Anglia 2 wind farm.

    A £4 billion investment.

    One Gigawatt of clean energy.

    An important project – absolutely.

    But also the sort of thing a country as committed to clean energy as we are…

    Needs to replicate again and again.

    Now regulators demanded over four thousand planning documents for that project…

    Not 4000 pages – 4000 documents.

    And then six weeks after finally receiving planning consent…

    It was held up for a further two years by judicial review.

    I mean – as an investor…

    When you see this inertia…

    You just don’t bother do you?

    And that – in a nutshell…

    Is the biggest supply-side problem we have in our country.

    So it’s time to upgrade the regulatory regime…

    Make it fit for the modern age..

    Harness every opportunity available to Britain.

    We will rip out the bureaucracy that blocks investment…

    We will march through the institutions…

    And we will make sure that every regulator in this country…

    Especially our economic and competition regulators…

    Takes growth as seriously as this room does.

    And look – tell us about your frustrations on this. 

    Speak to my team…

    Speak to me, to Rachel, to Jonny, to Ed…

    And our new Minister for Investment, Poppy. 

    Any leader knows the importance of a good team – and we’ve got one here.

    We are united behind growth…

    Our door is open…

    And the work of change has already begun.

    We’re reforming the planning system…

    The onshore wind ban has gone… 

    New projects in solar, wind, tidal energy…

    Carbon Capture and Storage…

    Tax relief for the creative industries…

    Investment from the world’s leading companies…

    Blackstone, Amazon…

    A new partnership with Cyrus One to build data centres in Didcot…

    Finally grasping the nettle on airport expansion…

    A new £1 billion commitment from Manchester Airport Group to expand Stansted…

    Opening up new routes to work and holiday destinations…

    The first of tens of billions worth of inward investment deals we will sign today.

    Because we are determined to lead the way on growth. 

    Determined to get Britain building…

    Determined to get our economy moving…

    Through the shock and awe of investment.

    That’s the message to take home today.

    When the big decisions are made…

    When you go back to your board rooms and ask…

    Where does our money go…

    Where do our jobs go…

    Where does our investment in a better future go?

    Let me offer you a new answer…

    It’s time to back Britain.

    Thank you.

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: £1.1 billion investment to expand Stansted Airport welcomed by ministers

    Source: United Kingdom – Executive Government & Departments

    Funding will expand Stanstead Airport terminal by one-third, helping to support UK businesses and the aviation sector.

    • 5,000 jobs expected from £1.1 billion investment in London Stansted Airport 
    • expansion will double the airport’s annual economic contribution to the UK to £2 billon
    • latest boost for the government’s core mission to grow the British economy and boost opportunities

    More than 5,000 jobs will be created as a result of a 5-year, £1.1 billion investment in London Stansted Airport, welcomed today (14 October 2024) by Chancellor Rachel Reeves and Transport Secretary Louise Haigh. 

    The plans were unveiled by the Prime Minister at the flagship International Investment Summit in London and will see Stansted unlock the potential of its runway through the extension of its existing terminal.

    The funding will expand the existing terminal by a third, securing new air routes to key business and holiday destinations – boosting local supply chains and further cementing the UK’s place on the international stage.

    The investment consists of £600 million for the terminal extension, alongside another £500 million to improve the existing terminal and wider airport estate.

    It will also deliver Stansted’s 14.3 megawatt on-site solar farm, which will support the airport’s current and increasing electricity demands. It follows the recent creation of a new electric vehicle charging forecourt at the airport.

    Manchester Airports Group (MAG), owner of London Stansted, is in the final stages of the procurement process, with construction expected to begin in 2025. The project will take between 2 and 3 years to complete.

    This scheme will significantly improve passengers’ experience at each stage of their journey from check-in to immigration. It will deliver a larger security hall, an airfield taxiway upgrade and an overhaul of gate rooms, boosting capacity and comfort for passengers before boarding.

    The expansion plans already have planning permissions to begin construction and are in line with previously agreed passenger and flight numbers.

    Transport Secretary, Louise Haigh, said:

    We have been steadfast in our commitment to help British businesses grow and in turn boost the UK’s economy. This announcement is a clear signal that Britain is open for business. 

    Transport is central to this government’s core mission of growing the economy. This is about giving companies like Manchester Airports Group the confidence to invest, boosting regional and national economic growth and supporting the aviation sector while also meeting our existing environmental obligations.

    Ken O’Toole, Chief Executive Officer of MAG – which owns London Stansted, Manchester and East Midlands Airports, said:

    By investing more than £1 billion in Stansted over the next 5 years, we will be able to connect people and businesses in London and the east of England to even more global destinations, while welcoming millions more visitors to the UK.

    We are proud to be investing in our infrastructure in a way that will create jobs and stimulate trade, investment and tourism. 

    Aviation is an essential enabler of the success of the UK’s key high-value industries, and we look forward to helping the government achieve the highest sustained growth in the G7 through the sustainable growth of our airports.

    Cath Bowtell, IFM Investors Chair, said: 

    As co-owners of MAG, our commitment to this exciting new Stansted project reflects our confidence in the airport’s future growth story. 

    As one of the world’s largest infrastructure investors, IFM invests over decades to enhance the value to customers of the UK infrastructure we own and operate. 

    MAG goes from strength to strength under the long-term stable co-ownership of IFM alongside Manchester and Greater Manchester local authorities.

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    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –