Category: Great Britain

  • MIL-OSI United Kingdom: Ban Airbnb tax breaks and introduce additional charges for short term lets

    Source: Scottish Greens

    Homes are for living in, not for profiteering.

    The Scottish Greens have tabled plans to ban tax breaks for short term let operators profiteering from houses that could be used to tackle Scotland’s homelessness crisis.

    Green MSP Ross Greer has lodged an amendment to the Housing (Scotland) Bill which would ban short term let operators from receiving relief from Non-Domestic Rates (NDR), commonly known as business rates. A second amendment lodged by the MSP would give Ministers the power to charge short term lets an additional NDR rate instead.

    At present short term lets typically enjoy up to 100% NDR relief through policies such as the Small Business Bonus Scheme.

    These reforms would discourage businesses from buying up homes to turn into short term lets, like Airbnbs. It is hoped the move would encourage the sale of homes currently used as short term lets to free up housing for people to actually live in, rather than for businesses to profit from.

    Since the last election, the Scottish Greens have doubled the tax paid when buying a holiday home or buy-to-let property and given councils the power to double Council Tax on holiday homes.

    These reforms have had the desired effect on house purchases, with 2455 fewer second homes bought last year than in 2023, the largest decrease in a decade. Combined, these will also raise over a quarter of a billion pounds for public services in the current financial year.

    Mr Greer said:

    “There are communities across the country where the greed of short term let operators and buy-to-let landlords has destroyed any chance of local young people ever owning their own home.

    “Given the damage they’ve done to the housing market, there is absolutely no need for short term let operators to continue receiving massive tax breaks. Instead, they should pay a bit more in tax to fund the extra affordable housing we need to solve the crisis they helped to cause.

    “The changes already delivered by Green MSPs have reduced the number of second and holiday homes bought each year, freeing up more properties for people who need a home to live in and raising millions of pounds for vital services like schools and hospitals.

    “We will continue cracking down on the rich hoarding homes and working to free up houses for people to actually live in.

    “We have thousands of homeless people across Scotland while many homes are bought up and used as Airbnbs. The Scottish Greens believe housing should be for people and not for profit.”

    MIL OSI United Kingdom

  • MIL-OSI Australia: Train collision at Edwardstown

    Source: New South Wales – News

    Emergency services are responding to reports a train and car have collided at the intersection of South Road and Cross Road, Edwardstown.

    There are no reports of serious injury at this time.

    Motorists should take an alternate route, if possible, as heavy delays in the area can be expected.

    MIL OSI News

  • MIL-OSI Australia: 232-2025: Services Restored: Monday 24 April 2025 – COLS

    Source: New South Wales Government 2

    24 April 2025

    Who does this notice affect?

    All importers and customs brokers who are required to lodge imported cargo documentation to the department for biosecurity assessment. 

    Information

    Resolved time: 

    As of: 15:55 Thursday 24 April 2025 (AEST).

    Between 13:00 and 15:55, the Cargo Online Lodgement System (COLS) was experiencing an unplanned service disruption, preventing users from making payments and submitting documents.

    This…

    MIL OSI News

  • MIL-Evening Report: Many experienced tradies don’t have formal qualifications. Could fast-tracked recognition ease the housing crisis?

    Source: The Conversation (Au and NZ) – By Pi-Shen Seet, Professor of Entrepreneurship and Innovation, Edith Cowan University

    Once again, housing affordability is at the forefront of an Australian federal election.

    Both major parties have put housing policies at the centre of their respective campaigns. But there are still concerns too little is being done to address supply.

    One of the biggest hurdles is an ongoing shortage of skilled tradespeople, and difficulties attracting new workers. The construction industry accounts for 9% of Australia’s workforce. Yet an estimated 35% of workers lack formal qualifications.

    On Wednesday, Labor announced an election promise to fast-track formal trade qualifications for about 6,000 experienced but unqualified tradies.

    The Advanced Entry Trades Training program would start in 2026 and cost A$78 million.

    This program should help address some of the skills shortages in the sector. But it will be a long time before these benefits begin flowing through the system. And Australia is still likely to fall short of the government’s ambitious new home targets.

    Recognising skills we already have

    The Advanced Entry Trades Training program is intended to partly bridge the gap in construction skills shortages through a process called “recognition of prior learning” – and by offering free training to fill any skill gaps.

    In principle, recognition of prior learning allows individuals with substantial and relevant industry experience to attain formal qualifications without lengthy training programs.

    A similar approach was adopted in the healthcare sector as an emergency response to the pandemic, to boost the number of qualified workers.

    For the construction industry, it will encompass workers currently in the industry who have not completed an apprenticeship, as well as skilled migrants in Australia whose abilities remain unverified.

    This process can improve pay and conditions for participants. But it can also potentially fast-track their entry into the qualified workforce, addressing immediate skills shortages.




    Read more:
    A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election?


    Will it work?

    Labor’s new initiative mirrors an existing program at the state level, the New South Wales government’s Trade Pathways for Experienced Workers Program.

    According to Labor, this program saw 1,200 students earn their qualifications in an average time of seven months (as opposed to several years).

    It’s important to note this includes trades from all sectors of the NSW economy. But it is much faster than the traditional process of skill recognition. The Parkinson Review of Australia’s migration system found this process can take up to 18 months for a skilled migrant and cost over $9,000.




    Read more:
    Australia has a new National Skills Agreement. What does this mean for vocational education?


    Increased housing supply? Not soon

    Combined with other initiatives such as incentive payments for construction apprentices, the new Advanced Entry Trades Training program should help address some skills shortages in the sector.

    Australia’s peak construction industry body, Master Builders Australia, praised the proposal, citing its own analysis suggesting for every new qualified tradie, an extra 2.4 homes can be built.

    Even with these initiatives, the sector will likely fall short of the 83,000 additional skilled tradespeople needed to meet the Albanese government’s target to build 1.2 million new homes over five years.

    And it may mainly solve a categorisation issue. Currently, only about 80% of employers in the construction sector in Australia require all job applicants to hold a formal qualification.

    Crucially, it doesn’t address the core problem of attracting higher numbers of suitable people to a very traditional industry and helping them finish their qualifications. Almost half of construction sector apprentices do not complete their training.

    Other challenges

    There are other challenges for recognition of prior learning schemes more broadly.

    Research into recognition of prior learning for construction sector apprentices suggests some Australian employers and training providers may be averse to fast-tracking training. About 64% of assessed apprentices had prior experience and skills, but only 30% had their training shortened.

    These issues are even more complex when considering accelerated pathways for skilled migrants from a range of countries. There are some significant, well-documented challenges in transferring or recognising vocational qualifications across international boundaries.

    More to be done

    The Advanced Entry Trades Training program may go some way to alleviating a skills shortage in construction. But it will only partially address the broader issues of supply.

    Australia’s vocational education and training systems are complex, making it difficult to predict the outcomes.

    The proposed program does not address the problem of rising construction material costs and shortages. This problem is worsened by the declining productivity of the housing construction sector, which has halved over the last 30 years.

    Declining productivity isn’t just down to skilled labour shortages. It has also been attributed to other factors such as complex planning approvals, limited innovation, and a predominance of small firms.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Many experienced tradies don’t have formal qualifications. Could fast-tracked recognition ease the housing crisis? – https://theconversation.com/many-experienced-tradies-dont-have-formal-qualifications-could-fast-tracked-recognition-ease-the-housing-crisis-255108

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Mother and daughter collaborate for Artists on View exhibition

    Source: New South Wales Ministerial News

    A new Artists on View exhibition brings together a beautiful collection from a mother and daughter who reimagined their artistic identities over a transformative year.

    The Right to Remain Silent: Art of The Sabbatical is a collaborative exhibition from Lee Trewartha and her daughter Erynn Trewartha-Lewicki.

    Both had been battling physical illness and exhaustion from running businesses and they decided to take a sabbatical in a ‘carefully cultivated period of solitude’.

    The mother and daughter were inspired by the poem The Right to Remain Silent by Kai Siedenburg which became a ‘liberating’ mantra to take the time to recharge, restore and subsequently grow.

    Over a year, the two artists explored ‘stillness and quiet’ and the act of being ‘present’ in the moment, not reflecting on the life they had nor the life before them.

    During this time, their artistic identities took a different approach with stunning results. Lee Trewartha traded her once energetic, large black and white art works for calm, peaceful landscape pieces inspired by her garden and nature.

    Erynn made illustrations and still life artworks that showed everyday items and spaces, symbolising a new way of living. By the end of the year, they both felt deeply changed by the experience.

    Artist Lee Trewartha, who has a disability and was suffering from surgery complications, said the impact of the sabbatical was profound.

    “Over the year of my recuperation, Erynn and I immersed ourselves in a sabbatical period, making a conscious decision to be present, rather than looking back or forward,” Lee said.

    “Our relationship has formed a new bond, beyond that of mother and daughter and coworkers, to that of two friends with shared experiences united by their love of creating.”

    Erynn Trewartha-Lewicki said the sabbatical was a chance for new artistic discoveries.

    “I developed artistic skills in ways that I had not before, particularly in colour theory, tone and value. But what captured me was the still life artworks of both Georgio Morandi and Thornton Walker. I was taken by their contemporary portrayal of inanimate objects and spaces, that in all their simplicity they act as powerful metaphors for both artist’s internal worlds, Erynn said.

    “Inspired by this concept, I found solace in drawing, photographing and painting inanimate objects and spaces, and began producing still life artworks that forced me to slow down and reflect.”

    Bendigo Venues & Events Acting Manager Jacoba Kelly said the exhibition captured the joy and peace from a transformative year.

    “This exhibition showcases the journey of a mother and daughter who took time out from the busyness and stresses of life, coming out the other side renewed and creatively inspired. With Mother’s Day just around the corner, residents and visitors will be enthralled by the beautiful works from this family.

    “The free exhibition opens this Saturday April 26 from 12pm to 4pm with an official opening celebration at 3pm. All are welcome to attend.”

    The Right to Remain Silent: Art of The Sabbatical is open 10am to 4pm daily from Sunday April 27 to Tuesday May 6 at Dudley House, 60 View Street, Bendigo.

    This exhibition is supported by the City of Greater Bendigo’s Artists on View program.

    MIL OSI News

  • MIL-OSI Australia: Police road safety presence remains over ANZAC Day long weekend

    Source: New South Wales – News

    South Australia Police will continue road safety action into the ANZAC Day long weekend following hundreds of road safety offences over the Easter long weekend.

    Officer in Charge of Traffic Services Branch, Superintendent Shane Johnson said unfortunately one life was lost on Thursday, 10 people were seriously injured and whilst overall detections were slightly lower, many drivers still made unsafe choices.

    “Overall, it is pleasing to see fewer detections across the Fatal Five categories this year, however speeding remains an issue, with 925 detections,” Superintendent Johnson said.

    “When you’re driving this long weekend, keep an eye on your speed, it’s easy to creep over the speed limit if you get complacent.”

    Operation Safe Long Weekend was conducted state-wide from Thursday 17 to Monday 21 April, returning road safety offences including:

    • 78 Drink driving
    • 81 Drug driving
    • 925 Speeding
    • 28 Distraction
    • 303 Dangerous driving
    • 24 Seatbelt

    An incident of note involved a 31-year-old Two Wells man who was detected drug driving, travelling at 156km/h in a 110km/h speed zone and driving unlicenced on Thursday 17 April. He was issued with a six-month Immediate Loss of Licence and expiations for driving whilst unlicensed and at excessive speed. Depending on forensic analysis of the drug test, he may be summonsed to court.

    “Police will continue to deliver a strong presence throughout the ANZAC Day long weekend with two operations running to ensure the safety of all road users,” Superintendent Johnson added.

    Operation Safe Long Weekend will target the Fatal Five road safety offences categories while Operation Stop Drink Drug Drive will see RBTs and drug testing stations active state-wide from Thursday 25 to Sunday 27 April.

    “Although there will be stationary random breath testing sites around the state, remember every police car has this equipment so stop yourself before we stop you.”

    MIL OSI News

  • MIL-Evening Report: The ocean can look deceptively calm – until it isn’t. Here’s what ‘hazardous surf’ really means

    Source: The Conversation (Au and NZ) – By Samuel Cornell, PhD Candidate, Beach Safety Research Group, School of Population Health, UNSW Sydney

    Over the Easter weekend, seven people drowned along the Australian coast. Most were swept off rock platforms – extremely dangerous locations that are increasingly prevalent in Australia’s coastal fatality data.

    The weather was unseasonably warm, the surf at times looking calm and at others foreboding. And yet, despite warnings from Surf Life Saving, emergency services and meteorologists, many still entered the water – often unaware of how deceptively dangerous the conditions could be.

    It was a tragic reminder that many people don’t understand ocean conditions and how waves and swells work. Current water safety warnings aren’t doing enough to change behaviour – but with simple improvements and better education around long-period swells, we could save lives.

    The difference between waves and swells

    Waves on the ocean are caused by wind. Some, called sea waves, are generated by nearby winds. Others, known as swell waves, are created by distant weather systems, such as storms far away, and travel long distances.

    Swells can travel thousands of kilometres and may still be present even if the local wind is calm. It’s estimated that up to 75% of wave action across the globe is caused by distant storms, not local winds. This makes the predicting of swells and waves a complex science.

    A long-period swell refers to waves that arrive at longer intervals, typically 12 to 20 seconds apart. These swells carry more energy than short-period ones, travel greater distances, and tend to produce sets of larger waves when they hit the coast.

    Long-period swells can result in sudden large waves that crash into the beach with more energy.
    Sneaky Buddy/Shutterstock

    What makes long-period swells so dangerous?

    Over Easter, hazardous long-period swells generated by an ex-cyclone offshore were hitting much of the east coast. The Bureau of Meteorology issued warnings, and Surf Life Saving reinforced these messages with media alerts and beach closures.

    But the surf didn’t always look threatening – at least not all of the time.

    The misleading nature of long-period swells is part of the problem. They create deceptively calm periods, and lulls between these wave sets can last ten or 15 minutes. During that time, people feel safe entering the water, wading out, going onto a rock platform or relaxing near the shoreline.

    When the next set arrives, it can be unexpected and forceful – knocking people over, pulling them into the water or creating unexpected currents.

    Unlike short-period waves, long-period swells carry momentum that enables them to surge much further up beaches and rock platforms, increasing the chances of sweeping people into the water. When these waves break, they do so with considerable force, and the powerful backwash can drag people into deep water.

    The sudden arrival of these waves, without a gradual buildup, makes them especially dangerous in exposed areas like rock shelves or platforms.

    Rock platforms are dangerous because of a combination of environmental exposure and low visibility in our approach to coastal safety. They’re often exposed to powerful waves, have uneven, slippery surfaces, and lack easy exit points.

    If someone is knocked into the water, there’s usually nothing to hold onto, and climbing back up is almost impossible – especially in heavy clothing or fishing gear.

    Why current warnings don’t cut through

    Australians may be familiar with fire danger ratings, cyclone warnings and the UV index.

    But the way we communicate surf risk – particularly around swell behaviour – is vague and technical. Phrases like “hazardous surf” or “long-period swell” are accurate, but fail to convey what people will actually experience at the shoreline.

    Most members of the public don’t know what a 16-second swell interval means, or how it affects where and how waves break. As a result, warnings go unnoticed, or people believe they can assess the risk themselves by looking at the water – which, during a lull, can seem completely harmless.

    Social media compounds this problem. Over Easter, videos of huge waves circulated widely, but so did footage of people playing or standing near the water with no apparent concern. The public sees mixed signals – and the science and warnings don’t always cut through.

    How to improve coastal hazard communication

    If we want to reduce coastal deaths during swell events, we need to bridge the gap between forecasts and real-world understanding.

    1. Translate forecasts into direct, behavioural warnings

    Instead of just saying “hazardous surf”, add language that explains what that means: “Conditions may appear calm, but large sets of waves will arrive every 10–15 minutes. Stay well back from the waterline”.

    2. Use visual risk systems

    Just like fire danger ratings, a colour-coded coastal risk index could be introduced for days when swell conditions are particularly hazardous. Simple signage at beaches could indicate the risk level and explain the reason for it.

    3. Integrate live updates at key sites

    SMS alerts or digital signage at car parks and entry points could provide real-time hazard updates. These should be visual and multilingual to reach a broader audience.

    4. Make ocean science public knowledge

    Government campaigns, surf clubs and schools should all help explain the basics of swell behaviour – including what long-period swell is, why wave sets arrive and why calm periods aren’t always safe. Just like “swim between the flags” became a known rule, so, too, should basic awareness of wave cycles. Surfers could be champions of this education.

    The conditions that contributed to the Easter drownings were forecast, monitored and forewarned. But most people don’t make decisions based on marine forecasts – they make them based on what they see in front of them.

    Long-period swell is a classic hidden hazard. It tricks even experienced beach goers, not because the science is unclear, but because the risk isn’t made clear to the public.

    Samuel Cornell receives funding from Meta Platforms, Inc. His research is supported by a University of New South Wales Sydney, University Postgraduate Award. His research is supported by Royal Life Saving Society – Australia to aid in the prevention of drowning. Research at Royal Life Saving Society – Australia is supported by the Australian government. He has been affiliated with Surf Life Saving Australia and Surf Life Saving NSW in a paid and voluntary capacity.

    ref. The ocean can look deceptively calm – until it isn’t. Here’s what ‘hazardous surf’ really means – https://theconversation.com/the-ocean-can-look-deceptively-calm-until-it-isnt-heres-what-hazardous-surf-really-means-255011

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: 131-2025: Important reminder regarding the use of current aircraft disinsection certificates

    Source: New South Wales Government 2

    24 April 2025

    Who does this notice affect?

    Airlines, aircraft operators and their contracted services (third parties) performing or certifying disinsection treatments applied to aircraft cabin and hold for aircraft arriving in Australia and New Zealand.

    What has changed?

    Airlines and aircraft operators are reminded to review the Schedule of Aircraft Disinsection Procedures for Flights into Australia and New Zealand (V 5.3) (the…

    MIL OSI News

  • MIL-Evening Report: The biggest losers: how Australians became the world’s most enthusiastic gamblers

    Source: The Conversation (Au and NZ) – By Wayne Peake, Adjunct research fellow, School of Humanities and Communication Arts, Western Sydney University

    The story goes that the late billionaire Australian media magnate Kerry Packer once visited a Las Vegas casino, where a Texan was bragging about his ranch and how many millions it was worth.

    Packer produced a coin from his pocket and said: “I’ll toss you for it: my cash against your ranch”.

    The Texan declined.

    This story may or may not be true. But it is consistent with the old maxim that Australians love a punt and will bet on just about anything, even on two flies crawling up a wall (which one will fly off first?).

    A rich history

    Australians are the biggest (or worst) gamblers in the world per capita. How did it come to this?

    By the 1830s, following European settlement in Australia, there was a steady stream of migrants who were taking the ultimate gamble – resettling on the other side of the world.

    The discovery of gold in the 1850s then encouraged a torrent of speculators often armed with no more than a shovel and a wheelbarrow.

    Most remained insolvent but some found bonanzas. Gold-rich towns, Melbourne in particular, developed rapidly. Modern enclosed racecourses soon followed.

    At first, gambling was restricted to side bets between the horses’ connections.

    That changed in 1882 when Englishman Robert Sievier visited Australia. He was the first bookmaker to stand on a regular pitch, accept cash bets and pay winners after each race.

    Sievier soon had numerous imitators on course – bookmakers registered with race clubs, betting on races like the Melbourne Cup, which by the 1890s attracted 100,000-plus racegoers.

    Some fun on the front line

    People bet off-course too – in barber shops and saloons, not only on the races but rowing events, cycling and “pedestrianism” (foot races).

    Despite state betting acts passed in 1906 intended to restrict gambling, by the first world war, capital cities were dotted with racecourses.

    Male racegoers were encouraged to “play up and play the game” – as the famous 1892 imperialist poem Vitai Lampada by Henry Newbolt urged – and enlist in the defence forces.

    When their enthusiasm curbed in 1917 after causalities at the front seeped back, governments reduced the number of race meetings but this caused crowds at those remaining to treble.

    Meanwhile, at the front lines, Australian soldiers adopted the egalitarian coin-toss game of two-up: a game where coins are spun in the air and bets are laid on whether heads or tails are facing up once they settle on the ground.

    Two-up remains a facet of the Australian psyche today – illegal, although authorities turn a blind eye on Anzac Day, supposedly out of respect for returned soldiers.

    This concession reflects the connection in Australia between mateship, the “Anzac legend”, sport and gambling.

    The pokie problem

    After the first world war, racecourse attendances grew even larger.

    The 1929 Depression eroded them but the emergence of racing radio broadcasts and the spread of the telephone network fed a regrowth in illegal off-course betting, especially in New South Wales.

    That state was also the scene of the next big, and perhaps most significant, development in gambling in Australia: the legalisation of poker machines in 1956.

    “The pokies” were originally restricted to registered clubs: mostly returned servicemen clubs, but in 1997, the NSW Labor government allowed them into hotels, where they soon rendered the less exciting “dancing joker” card machines extinct.

    The other states long resisted the temptation to legalise pokies. As a result, coaches loaded with would-be players from Victoria visited clubs at New South Wales border towns such as Corowa.

    The pokies were finally legalised in Victoria in 1991, later in other states. In Western Australia they remain legal in casinos only.

    Poker machines are widely regarded as a more insidious and dangerous form of gambling – in most other countries they are restricted to casinos.

    Since then, pokies have become a major part of Australia’s gambling landscape. In fact:

    The options are endless

    Poker machines reign as the dominant form of gambling in Australia, but there are many more options: lotteries and instant lotteries (“scratchies”), Keno and sports betting, which is fast replacing horseracing as the main business of the so-called corporate bookmakers that have emerged in the past 25 years.

    As technology continues to advance, online gambling – which is difficult to regulate and control – might be the biggest ongoing threat to gamblers.

    Wayne Peake does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. The biggest losers: how Australians became the world’s most enthusiastic gamblers – https://theconversation.com/the-biggest-losers-how-australians-became-the-worlds-most-enthusiastic-gamblers-252496

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Motorcycle seized after learner rider caught at 166km/h

    Source: New South Wales Community and Justice

    Motorcycle seized after learner rider caught at 166km/h

    Thursday, 24 April 2025 – 9:44 am.

    A learner motorcycle rider will appear in court for dangerous driving and other offences, after being caught speeding on the Bass Highway yesterday.
    The 23-year-old Devonport man was detected travelling at 166km/h near Paramatta Creek about 5pm.
    Inspector Adam Spencer said as a learner license holder, the man is legally limited to 80km/h.
    “To ride at more than double the learner speed limit is reckless and unacceptable,” he said.
    “Western road police have confiscated the man’s motorcycle, and he will appear in court at a later date.”
    “This kind of behaviour puts the lives of not only the rider but also other road users at extreme risk.”
    “The decision to travel at such a dangerous speed could have led to devastating consequences, fortunately, our officers were proactively on the lookout for this type of behaviour.”
    “While the Easter holiday period is over, Tasmania Police will remain proactive in keeping our roads safe.”
    “We will not tolerate the minority or road users who disregard road rules and jeopardise the safety of others.”
    “Our focus is firmly on protecting all road users and preventing tragedies on Tasmanian roads.”
    Anyone with dash-cam footage or relevant information about a black Yamaha YZF motorcycle travelling westbound on the Bass Highway from Launceston to Sassafras between 4pm and 5pm on Wednesday, 23 April is asked to contact police on 131 444.
    Information can also be provided to Crime Stoppers Tasmania at crimestopperstas.com.au

    MIL OSI News

  • MIL-OSI United Kingdom: Government launches call for evidence on men’s health 

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government launches call for evidence on men’s health 

    It will inform England’s first ever men’s health strategy to tackle the life expectancy gap.

    • Call for evidence will inform England’s first ever men’s health strategy to tackle life expectancy gap
    • Members of the public and healthcare experts will get their say on ways to tackle biggest health problems facing men as part of Plan for Change to improve health care for everyone
    • This follows government’s first ever Men’s Health Summit held in partnership with Movember, co-hosted by Arsenal and Premier League 

    The government is today (Thursday 24 April) calling for men of all ages to come forward and feed into England’s first ever men’s health strategy.

    The 12-week call for evidence will gather vital insights from the public, health and social care professionals, academics and employers so the government can properly consider how to prevent and tackle the biggest issues facing men from all backgrounds.  

    It will ask for their views on what is working and what more needs to be done to close the life expectancy gap between men and women, as men in England die nearly four years earlier than women on average. 

    Health and Social Care Secretary Wes Streeting said: 

    Every day, men across England are dying early from preventable causes. Men are hit harder by a range of conditions, while tragically suicide is the leading cause of death for men under 50. 

    Our Plan for Change means we will tackle these issues head on through a men’s health strategy, and today’s call for evidence is the crucial next step in understanding what works, what doesn’t, and how we can design services men will actually use. I urge people to come forward to share their views.

    The call for evidence will seek responses on how the government’s Plan for Change can work across the board to improve the health and wellbeing of men, through: 

    • Prevention – finding the right areas and the right ways to promote healthier behaviours  
    • Diagnosis and treatment – improving outcomes for health conditions that hit men harder
    • Encouragement to come forward – improving men’s access to, engagement with and experience of the health service

    This government is committed to fixing the NHS and getting a grip on the stark health inequalities that exist across the country through the Plan for Change, which will rebuild the health service and deliver better care for everyone. With a clearer, more tailored approach for both men and women, their distinct health needs will be met better.

    In women’s health, we’re turning the commitments in the women’s health strategy into tangible actions – taking urgent action to tackle gynaecology waiting lists through the Elective Reform Plan, investing in a major AI breast cancer screening trial, and implementing key priority areas outlines in our strategy – alongside taking wider government action to tackle violence against women and girls.

    Amy O’Connor, Global Lead, Policy and Advocacy at Movember, said:

    Too many men are dying too young, the men’s health strategy is a once in a generation opportunity to invest in positive change for men and their loved ones. Share your solutions – whether it’s more community support groups, improved education, or enhancing clinical training, to create a lasting impact on the future of men’s health.

    Julie Bentley, Samaritans CEO, said:

    Suicide is the biggest killer of men under 50 so it’s critical that suicide prevention is front and centre of this strategy. With men making up 75 percent of all suicides, this strategy is a real opportunity to prevent thousands of deaths.  

    Recognising what works for different groups of men, focusing on key risk factors and providing evidenced based support will be crucial and we’d encourage everyone to submit evidence to this important consultation. We look forward to working with Government on meaningful ways to cut suicide rates and save lives.

    Cllr David Fothergill, Chairman of the LGA’s Community and Wellbeing Board, said: 

    We are pleased that the Government has announced plans to launch the first-ever Men’s Health Strategy with a call for evidence. It’s a significant step towards improving men’s health outcomes and ensuring that men can live healthier, longer, happier lives.

    The call for evidence will be open for views on the Department of Health and Social Care website until 17 July. The government aims to launch the men’s health strategy later this year. 

    Notes to editors 

    • The call for evidence will run for 12 weeks from 24 April 2025 to 17 July 2025. 
    • Men are disproportionately affected by a number of health conditions including cancer, cardiovascular disease and type 2 diabetes. 
    • Around 3 in 4 people who died by suicide in 2023 were men. Suicide is the biggest cause of death in men under the age of 50. 
    • Those in the most deprived areas of England are expected to live almost 10 years less than those in the least deprived areas. 
    • The men’s health strategy was announced by the Health Secretary at the Men’s Health Summit held in partnership with Movember, hosted by Arsenal and the Premier League, in November. For more information see here Secretary of State commits to first ever men’s health strategy – GOV.UK

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Major step for fraud prevention with landmark ban on SIM farms

    Source: United Kingdom – Executive Government & Departments

    News story

    Major step for fraud prevention with landmark ban on SIM farms

    The UK will become the first country in Europe to ban the possession and supply of SIM farms – technical devices used to defraud the public.

    Getty Images

    Members of the public will be better protected from fraudsters and scammers through a landmark, Europe-first ban on the possession and supply of SIM farms, the Fraud Minister Lord Hanson has confirmed today.

    SIM farms are technical devices capable of holding multiple SIM cards enabling criminals to send scam texts to thousands of people at once or set up ‘verified’ online accounts in large volumes. They increase the chances of innocent consumers falling victim to major financial losses. 

    With recent data showing that fraud increased last year by 19%, and that it accounts for more than 40% of all reported crime in England and Wales, the government is acting to prevent and counter these evolving threats and deliver security for the public as a foundation of the Plan for Change. This follows the commitment to publish a new, expanded fraud strategy before the end of the year.

    The new offence will make the possession or supply of SIM farms without a legitimate reason illegal, shutting down a key route used by criminals to exploit the public, and will carry an unlimited fine in England and Wales and a £5,000 fine in Scotland and Northern Ireland.

    The ban will come into effect 6 months after the Crime and Policing Bill receives Royal Assent.

    It will mean that those offenders using these devices to defraud the public will not only continue to face the full force of the law for their heinous actions but will also be hit with hefty fines.

    Fraud Minister Lord Hanson said:

    Fraud devastates lives, and I am determined to take the decisive action necessary to protect the public from these shameful criminals.

    Two-thirds of British adults say they’ve received a suspicious message on their phone – equivalent to more than 35 million people – which is why cracking down on SIM farms is so vital to protecting the public.

    This marks a leap forward in our fight against fraud and will provide law enforcement and industry partners the clarity they need to protect the public from this shameful crime. This government will continue to take robust action to protect the public from fraud and deliver security and resilience through the Plan for Change.

    Anyone who is worried about being a victim of fraud and wants to find out more about how to better stay protected, including understanding the tactics fraudsters use, should visit Stop! Think Fraud – How to stay safe from scams.

    Rachel Andrews, Head of Corporate Security at Vodafone UK, said:

    Vodafone UK is committed to protecting all our customers from fraud, including activity enabled by SIM farms. So far this year we have blocked over 38.5 million suspected scam messages, and in 2024 that figure reached over 73.5 million for the year.

    As an industry, UK telecoms operators have blocked more than 1 billion suspected scam messages since 2023. However, we cannot fully tackle fraud in isolation, collaboration between industry and government is crucial. This is a really important step taken by the Home Office and we fully support the inclusion of SIM farms in the upcoming legislation.

    We look forward to working together on this issue.

    Nick Sharp, Deputy Director for Fraud at the National Crime Agency, said:

    Fraud is the crime we are all most likely to experience, and one that causes victims significant emotional and financial harm.

    We know that fraud at scale is being facilitated by SIM farms, which give criminals a means and an opportunity to contact victims at scale with relative ease.

    The ban announced today is very welcome. It will give us a vital tool to step up our fight against fraudsters, target the services they rely on, and better protect the public.

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: British-Irish Intergovernmental Conference takes place at Hillsborough Castle

    Source: United Kingdom – Government Statements

    Press release

    British-Irish Intergovernmental Conference takes place at Hillsborough Castle

    The conference is due to take place today, Thursday 24 April

    The British-Irish Intergovernmental Conference (BIIGC) will take place at Hillsborough Castle today (Thursday 24th April), the first time the Conference has been held in Northern Ireland since 2006. 

    Established under the Good Friday Agreement, the BIIGC is a bilateral forum  which meets regularly, aiming “to bring together the British and Irish Governments to promote cooperation at all levels on all matters of mutual interest within the competence of both Governments”. 

    Today’s meeting will be chaired by Secretary of State for Northern Ireland Hilary Benn and Tánaiste, Minister for Foreign Affairs and Trade, and Minister for Defence Simon Harris. The meeting will also be attended by the Parliamentary under-Secretary of State for Northern Ireland Fleur Anderson MP and the Minister for Justice Jim O’Callaghan TD. 

    It follows the UK-Ireland summit in March when the two governments pledged to work closely to deliver security, investment and growth

    This new era of co-operation with Ireland is a key part of the UK Government’s Plan for Change to put more money in working people’s pockets across the country through a future of greater national security and renewal.

    At today’s BIIGC meeting, the two Governments are expected to discuss ongoing efforts to find a way forward regarding the legacy of the past in Northern Ireland. They will also cover political stability, security, and other areas of bilateral cooperation.

    Secretary of State Hilary Benn said:

    This will be an important meeting in developing the strong and close relationship between the UK and the Irish Governments as we continue to work together on a range of issues.

    Tánaiste Simon Harris said:

    I am looking forward to this significant meeting of the British Irish Intergovernmental Conference and to continuing the intensive discussions with the Secretary of State for Northern Ireland on the challenging but essential work of dealing with the legacy of the past.

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: East Lyme Business Owner Pleads Guilty to Federal Tax Charge

    Source: Office of United States Attorneys

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, and Harry Chavis, Special Agent in Charge of IRS Criminal Investigation in New England, announced that ANALIA MOUNTZOURES, 48, of East Lyme, waived her right to be indicted and pleaded guilty today before U.S. District Judge Kari A. Dooley in Bridgeport to a tax offense.

    According to court documents and statements made in court, Mountzoures operated Mountzoures Cleaning, a business with approximately 10 employees that provided cleaning services to more than 200 commercial and residential clients in southeastern Connecticut.  During the 2018 through 2023 tax years, Mountzoures often paid her employees in cash, did not report their wages to the state or federal government, did not file required IRS forms related to her employees, did not issue W-2 forms, did not withhold employee taxes as required, and did not pay federal employment taxes and withholding.  She also provided her tax return preparer with false information that resulted in personal tax returns that significantly underreported her gross receipts, income, and taxes due and owing.

    As an example, Mountzoures’ 2023 tax return reported gross receipts of $12,095 and total taxes before credits as $1,450.  In fact, Mountzoures’ gross receipts were approximately $628,072 and the tax due was approximately $96,650.

    Mountzoures has agreed to pay restitution of $380,167.60 to the IRS.

    Mountzoures pleaded guilty to aiding and assisting a false tax return, which carries a maximum term of imprisonment of three years.  Judge Dooley scheduled sentencing for July 22.  Mountzoures is released on a $40,000 bond pending sentencing.

    This investigation has been conducted by the Internal Revenue Service, Criminal Investigation Division.  The case is being prosecuted by Assistant U.S. Attorney Christopher W. Schmeisser.

    MIL Security OSI

  • MIL-OSI USA: Rep. Mike Levin Reintroduces Legislation to Ban Drilling Off of Southern California

    Source: United States House of Representatives – Representative Mike Levin (CA-49)

    April 22, 2025

    Washington, D.C. – Today, Rep. Mike Levin (CA-49) reintroduced the Southern California Coast and Ocean Protection Act, which would prohibit offshore drilling along the Southern California coast, as a part of a larger initiative to ban offshore drilling in sensitive areas and protect our vibrant coastal communities.

    Rep. Levin’s bill, The Southern California Coast and Ocean Protection Act, would prevent new leasing for the exploration, development, or production of oil or natural gas along the Southern California coast, from San Diego to the northern border of San Luis Obispo County.

    Rep. Levin introduced this bill along with:

    • Rep. Huffman’s (D-CA) West Coast Ocean Protection Act
    • Rep. Pallone’s (D-NJ) Clean Ocean and Safe Tourism (COAST) Anti-Drilling Act
    • Rep. Castor’s (D-FL) Florida Coast Protection Act
    • Rep. Carbajal’s (D-CA) California Clean Coast Act
    • Rep. Panetta’s (D-CA) Central Coast of California Conservation Act of 2025
    • Rep. Magaziner’s (D-RI) New England Coastal Protection Act of 2025
    • Rep. Ross’ (D-NC) Defend our Coast Act

    These bills would prohibit the Secretary of the Interior from issuing any oil and gas lease leases or any other authorizations along the entire coast of California and in other coastal areas across the country. Together, these bills will protect valuable ecosystems and the economic viability of communities concerned about oil spills.

    “I’m joining my colleagues to permanently protect our beautiful coasts and put a stop to offshore drilling in sensitive areas,” said Rep. Mike Levin. “These bills take a vitally important step in protecting our communities from the consequences of offshore drilling, especially as the Trump Administration attempts to unleash drilling on our coastline in San Diego and Orange County. The Administration wants to risk disastrous environmental impacts on our beaches, threatening our coastal economy and way of life to line the pockets of oil executives. I’m proud to join my colleagues in the California Delegation and across the country in taking a stand against offshore drilling nationwide.”

    Rep. Levin has advocated extensively for a ban on offshore drilling. In November 2024, Rep. Levin sent a letter to the Biden Administration that resulted in the withdrawal of future oil and natural gas leasing in sensitive coastal areas across the country, including in Southern California. In January 2025, the Trump Administration once again opened these areas to drilling and has taken measures to expand offshore drilling and roll back environmental regulations
                              

    “The Southern California Coast and Ocean Protection Act will protect our environment, economy, climate, and way of life from the harmful effects of offshore oil and gas development. The 2021 Amplify Energy Oil Spill off Orange County showed the damage that offshore drilling can inflict on coastal ecosystems and marine wildlife and triggered beach and fishery closures that disrupted southern California’s tourism-based economy. The Surfrider Foundation urges members of Congress to support these and other bills to permanently prohibit new offshore drilling in U.S. waters,” said Pete Stauffer, Ocean Protection Manager, Surfrider Foundation.

    “Southern California’s coastal communities depend on thriving oceans and wildlife, and they know all too well the devastating costs of offshore spills, busted pipelines, and oil-covered beaches,” said Joseph Gordon, Oceana Campaign Director. “Oceana commends Congressman Levin for reintroducing this important legislation that would permanently protect the Golden State’s beloved southern coast from the dangers of oil and gas drilling and spilling. This bill is part of a state and national movement to safeguard our multi-billion-dollar coastal economies from dirty and dangerous offshore drilling.” 

    “The Surf Industry Members Association is proud to support the Southern California Coast and Ocean Protection Act. Our coastline is not just a vital economic engine—it’s the heart of our culture and way of life for millions across the region. Prohibiting new offshore oil and gas leasing in Southern California is a critical step to protect our waves, our marine ecosystems, and the communities that depend on them. We urge Congress to pass it to ensure a clean, thriving ocean for generations to come,” said Vipe Desai, Executive Director, Surf Industry Members Association

    “This administration is determined to sell off our oceans to pad Big Oil pockets. Permanently protecting the waters off southern California puts coastal communities and wildlife above polluters and brings us closer to a world where our waters are free from oil spills, endangered whale populations are free from seismic blasting, and ecosystems have a chance to thrive,” said Taryn Kiekow Heimer, Director of Ocean Energy at NRDC (Natural Resources Defense Council).  “Now more than ever, we need leadership from Congress to set us back on track to tackle climate change and protect our ocean from an industry that only cares about its bottom line.”

    This legislation is endorsed by organizations including: Natural Resources Defense Council (NRDC), Earthjustice, Oceana, Sierra Club, Surfrider Foundation, League of Conservation Voters, Futureswell, Ocean Conservancy, Environment America, WILDCOAST, Surf Industry Members Association, Food & Water Watch, Peace Boat US, Defenders of Wildlife, Ocean Defense Initiative, Center for Biological Diversity, The Ocean Project, Business Alliance to Protect the Pacific Coast, Animal Welfare Institute, U.S. Climate Action Network, American Bird Conservancy, Hispanic Access Foundation

    ###

    MIL OSI USA News

  • MIL-OSI: Brookline Bancorp Announces First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    Net Income of $19.1 million, EPS of $0.21

    Operating Earnings of $20.0 million, Operating EPS of $0.22

    Quarterly Dividend of $0.135

    BOSTON, April 23, 2025 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $19.1 million, or $0.21 per basic and diluted share, for the first quarter of 2025, compared to net income of $17.5 million, or $0.20 per basic and diluted share, for the fourth quarter of 2024, and $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024. The Company reported operating earnings after tax (non-GAAP) of $20.0 million, or $0.22 per basic and diluted share, for the first quarter of 2025, compared to operating earnings after tax (non-GAAP) of $20.7 million, or $0.23 per basic and diluted share, for the fourth quarter of 2024, and $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024.

    Commenting on the first quarter’s performance, Mr. Perrault stated, “We are pleased to report solid earnings for the first quarter of the year. Despite external economic headwinds, our bankers continue to perform well and grow deposits. The contraction in our loan portfolios is intentional as we reduce our commercial real estate exposure while increasing our participation in the C&I markets.”

    BALANCE SHEET

    Total assets at March 31, 2025 were $11.5 billion, representing a decrease of $385.5 million from $11.9 billion at December 31, 2024, primarily driven by a reduction of cash and cash equivalents and loans and leases. Total assets decreased $22.9 million from March 31, 2024.

    At March 31, 2025, total loans and leases were $9.6 billion, representing a decrease of $136.6 million from December 31, 2024, and a decrease of $12.4 million from March 31, 2024.

    Total investment securities at March 31, 2025 decreased $12.7 million to $882.4 million from $895.0 million at December 31, 2024, and increased $16.6 million from $865.8 million at March 31, 2024. Total cash and cash equivalents at March 31, 2025 decreased $186.1 million to $357.5 million from $543.7 million at December 31, 2024, and increased $55.7 million from $301.9 million at March 31, 2024. As of March 31, 2025, total investment securities and total cash and cash equivalents represented 10.8 percent of total assets, compared to 12.1 percent and 10.1 percent as of December 31, 2024 and March 31, 2024, respectively.

    Total deposits at March 31, 2025 increased $9.8 million to $8.9 billion from December 31, 2024, primarily driven by an increase of $113.8 million in customer deposits partially offset by a decline of $104.0 million in brokered deposits. Total deposits increased $192.8 million from $8.7 billion at March 31, 2024, primarily driven by an increase of $398.8 million in customer deposits partially offset by a decline of $206.0 million in brokered deposits.

    Total borrowed funds at March 31, 2025 decreased $364.0 million to $1.2 billion from December 31, 2024, and decreased $206.1 million from $1.4 billion at March 31, 2024.

    The ratio of stockholders’ equity to total assets was 10.77 percent at March 31, 2025, as compared to 10.26 percent at December 31, 2024, and 10.35 percent at March 31, 2024. The ratio of tangible stockholders’ equity to tangible assets (non-GAAP) was 8.73 percent at March 31, 2025, as compared to 8.27 percent at December 31, 2024, and 8.25 percent at March 31, 2024. Tangible book value per common share (non-GAAP) increased $0.22 from $10.81 at December 31, 2024 to $11.03 at March 31, 2025, and increased $0.56 from $10.47 at March 31, 2024.

    NET INTEREST INCOME

    Net interest income increased $0.8 million to $85.8 million during the first quarter of 2025 from $85.0 million for the quarter ended December 31, 2024. The net interest margin increased 10 basis points to 3.22 percent for the three months ended March 31, 2025 from 3.12 percent for the three months ended December 31, 2024, primarily driven by lower funding costs partially offset by lower yields on loans and leases.

    NON-INTEREST INCOME

    Total non-interest income for the quarter ended March 31, 2025 decreased $0.9 million to $5.7 million from $6.6 million for the quarter ended December 31, 2024. The decrease was primarily driven by a decline of $1.0 million in loan level derivative income, net.

    PROVISION FOR CREDIT LOSSES

    The Company recorded a provision for credit losses of $6.0 million for the quarter ended March 31, 2025, compared to $4.1 million for the quarter ended December 31, 2024. The increase in provision was largely driven by deterioration in a single commercial credit that required a specific reserve.

    Total net charge-offs for the first quarter of 2025 were $7.6 million, compared to $7.3 million in the fourth quarter of 2024. The $7.6 million in net charge-offs was driven by one large $7.1 million charge-off in commercial loans, the majority of which was previously reserved for. The ratio of net loan and lease charge-offs to average loans and leases on an annualized basis increased to 31 basis points for the first quarter of 2025 from 30 basis points for the fourth quarter of 2024.

    The allowance for loan and lease losses represented 1.29 percent of total loans and leases at March 31, 2025, compared to 1.28 percent at December 31, 2024, and 1.24 percent at March 31, 2024.

    ASSET QUALITY

    The ratio of nonperforming loans and leases to total loans and leases was 0.65 percent at March 31, 2025, a decrease from 0.71 percent at December 31, 2024. Total nonaccrual loans and leases decreased $6.2 million to $63.1 million at March 31, 2025 from $69.3 million at December 31, 2024. The ratio of nonperforming assets to total assets was 0.56 percent at March 31, 2025, a decrease from 0.59 percent at December 31, 2024. Total nonperforming assets decreased $6.4 million to $64.0 million at March 31, 2025 from $70.5 million at December 31, 2024.

    NON-INTEREST EXPENSE

    Non-interest expense for the quarter ended March 31, 2025 decreased $3.7 million to $60.0 million from $63.7 million for the quarter ended December 31, 2024. The decrease was primarily driven by a decrease of $2.4 million in merger and acquisition expense related to the previously announced proposed merger of the Company with Berkshire Hills Bancorp, Inc. (“Berkshire”), and a decrease of $1.3 million in compensation and employee benefits expense.

    PROVISION FOR INCOME TAXES

    The effective tax rate was 25.0 percent for the three months ended March 31, 2025 compared to 26.4 percent for the three months ended December 31, 2024 and 24.7 percent for the three months ended March 31, 2024.

    RETURNS ON AVERAGE ASSETS AND AVERAGE EQUITY

    The annualized return on average assets increased to 0.66 percent during the first quarter 2025 from 0.61 percent for the fourth quarter of 2024.

    The annualized return on average stockholders’ equity increased to 6.19 percent during the first quarter of 2025 from 5.69 percent for the fourth quarter of 2024. The annualized return on average tangible stockholders’ equity (non-GAAP) increased to 7.82 percent for the first quarter of 2025 from 7.21 percent for the fourth quarter of 2024.

    DIVIDEND DECLARED

    The Company’s Board of Directors approved a dividend of $0.135 per share for the quarter ended March 31, 2025. The dividend will be paid on May 23, 2025 to stockholders of record on May 9, 2025.

    CONFERENCE CALL

    The Company will conduct a conference call/webcast at 1:30 PM Eastern Time on Thursday, April 24, 2025 to discuss the results for the quarter, business highlights and outlook. A copy of the Earnings Presentation is available on the Company’s website, www.brooklinebancorp.com. To listen to the call and view the Company’s Earnings Presentation, please join the call via https://events.q4inc.com/attendee/955891780. To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp, Inc. conference call (Access Code 941481). A recorded playback of the call will be available for one week following the call on the Company’s website under “Investor Relations” or by dialing 866-813-9403 (United States) or 929-458-6194 (internationally) and entering the passcode:324302.

    ABOUT BROOKLINE BANCORP, INC.

    Brookline Bancorp, Inc., a bank holding company with $11.5 billion in assets and branch locations in Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank, Bank Rhode Island, and PCSB Bank (the “banks”). The Company provides commercial and retail banking services, cash management and investment services to customers throughout Central New England and the Lower Hudson Valley of New York State. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com, www.bankri.com and www.pcsb.com.

    FORWARD-LOOKING STATEMENTS

    Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commission (“SEC”), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company’s business, credit quality, financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company’s control. These include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of the Company or Berkshire to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Berkshire or Company; delays in completing the proposed transaction with Berkshire; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction) or stockholder approvals, or to satisfy any of the other conditions to the proposed transaction on a timely basis or at all, including the ability of Berkshire and the Company to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the impact of certain restrictions during the pendency of the proposed transaction on the parties’ ability to pursue certain business opportunities and strategic transactions; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the proposed transaction; changes in interest rates; general economic conditions (including the impact of recently imposed tariffs by the U.S. Administration and foreign governments, inflation, and concerns about liquidity) on a national basis or in the local markets in which the Company operates; ongoing turbulence in the capital and debt markets; competitive pressures from other financial institutions; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives; changes in the value of securities and other assets in the Company’s investment portfolio; increases in loan and lease default and charge-off rates; the adequacy of allowances for loan and lease losses; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, and future pandemics; changes in regulation; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; and changes in assumptions used in making such forward-looking statements. Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company’s actual results could differ materially from those projected in the forward-looking statements as a result of, among others, the risks outlined in the Company’s Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

    BASIS OF PRESENTATION

    The Company’s consolidated financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”) as set forth by the Financial Accounting Standards Board in its Accounting Standards Codification and through the rules and interpretive releases of the SEC under the authority of federal securities laws. Certain amounts previously reported have been reclassified to conform to the current period’s presentation.

    NON-GAAP FINANCIAL MEASURES

    The Company uses certain non-GAAP financial measures, such as operating earnings after tax, operating earnings per common share, operating return on average assets, operating return on average tangible assets, operating return on average stockholders’ equity, operating return on average tangible stockholders’ equity, tangible book value per common share, tangible stockholders’ equity to tangible assets, return on average tangible assets (annualized) and return on average tangible stockholders’ equity (annualized). These non-GAAP financial measures provide information for investors to effectively analyze financial trends of ongoing business activities, and to enhance comparability with peers across the financial services sector. A detailed reconciliation table of the Company’s GAAP to the non-GAAP measures is attached.

    INVESTOR RELATIONS:
    Contact: Carl M. Carlson
    Brookline Bancorp, Inc.
    Co-President and Chief Financial and Strategy Officer
    (617) 425-5331
    carl.carlson@brkl.com
       
     
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Selected Financial Highlights (Unaudited)
                                 
      At and for the Three Months Ended
      March 31,
    2025
        December 31,
    2024
        September 30,
    2024
        June 30,
    2024
        March 31,
    2024
     
      (Dollars In Thousands Except per Share Data)
    Earnings Data:                        
    Net interest income $ 85,830     $ 84,988     $ 83,008     $ 80,001     $ 81,588  
    Provision for credit losses on loans 5,974     4,141     4,832     5,607     7,423  
    Provision (recovery) of credit losses on investments 12     (104 )   (172 )   (39 )   (44 )
    Non-interest income 5,660     6,587     6,348     6,396     6,284  
    Non-interest expense 60,022     63,719     57,948     59,184     61,014  
    Income before provision for income taxes 25,482     23,819     26,748     21,645     19,479  
    Net income 19,100     17,536     20,142     16,372     14,665  
                                 
    Performance Ratios:                            
    Net interest margin (1) 3.22 %   3.12 %   3.07 %   3.00 %   3.06 %
    Interest-rate spread (1) 2.38 %   2.35 %   2.26 %   2.14 %   2.21 %
    Return on average assets (annualized) 0.66 %   0.61 %   0.70 %   0.57 %   0.51 %
    Return on average tangible assets (annualized) (non-GAAP) 0.68 %   0.62 %   0.72 %   0.59 %   0.53 %
    Return on average stockholders’ equity (annualized) 6.19 %   5.69 %   6.63 %   5.49 %   4.88 %
    Return on average tangible stockholders’ equity (annualized) (non-GAAP) 7.82 %   7.21 %   8.44 %   7.04 %   6.26 %
    Efficiency ratio (2) 65.60 %   69.58 %   64.85 %   68.50 %   69.44 %
                                 
    Per Common Share Data:                            
    Net income — Basic $ 0.21     $ 0.20     $ 0.23     $ 0.18     $ 0.16  
    Net income — Diluted 0.21     0.20     0.23     0.18     0.16  
    Cash dividends declared 0.135     0.135     0.135     0.135     0.135  
    Book value per share (end of period) 13.92     13.71     13.81     13.48     13.43  
    Tangible book value per share (end of period) (non-GAAP) 11.03     10.81     10.89     10.53     10.47  
    Stock price (end of period) 10.90     11.80     10.09     8.35     9.96  
                                 
    Balance Sheet:                            
    Total assets $ 11,519,869     $ 11,905,326     $ 11,676,721     $ 11,635,292     $ 11,542,731  
    Total loans and leases 9,642,722     9,779,288     9,755,236     9,721,137     9,655,086  
    Total deposits 8,911,452     8,901,644     8,732,271     8,737,036     8,718,653  
    Total stockholders’ equity 1,240,182     1,221,939     1,230,362     1,198,480     1,194,231  
                                 
    Asset Quality:                            
    Nonperforming assets $ 64,021     $ 70,452     $ 72,821     $ 62,683     $ 42,489  
    Nonperforming assets as a percentage of total assets 0.56 %   0.59 %   0.62 %   0.54 %   0.37 %
    Allowance for loan and lease losses $ 124,145     $ 125,083     $ 127,316     $ 121,750     $ 120,124  
    Allowance for loan and lease losses as a percentage of total loans and leases 1.29 %   1.28 %   1.31 %   1.25 %   1.24 %
    Net loan and lease charge-offs $ 7,597     $ 7,252     $ 3,808     $ 8,387     $ 8,781  
    Net loan and lease charge-offs as a percentage of average loans and leases (annualized) 0.31 %   0.30 %   0.16 %   0.35 %   0.36 %
                                 
    Capital Ratios:                            
    Stockholders’ equity to total assets 10.77 %   10.26 %   10.54 %   10.30 %   10.35 %
    Tangible stockholders’ equity to tangible assets (non-GAAP) 8.73 %   8.27 %   8.50 %   8.23 %   8.25 %
                                 
    (1) Calculated on a fully tax-equivalent basis.
    (2) Calculated as non-interest expense as a percentage of net interest income plus non-interest income.
                                 
     
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Consolidated Balance Sheets (Unaudited)
                 
      March 31,
    2025
    December 31,
    2024
      September 30,
    2024
    June 30,
    2024
    March 31,
    2024
    ASSETS (In Thousands Except Share Data)
    Cash and due from banks $ 78,741     $ 64,673     $ 82,168     $ 60,067     $ 45,708  
    Short-term investments   278,805       478,997       325,721       283,017       256,178  
    Total cash and cash equivalents   357,546       543,670       407,889       343,084       301,886  
    Investment securities available-for-sale   882,353       895,034       855,391       856,439       865,798  
    Total investment securities   882,353       895,034       855,391       856,439       865,798  
    Allowance for investment security losses   (94 )     (82 )     (186 )     (359 )     (398 )
    Net investment securities   882,259       894,952       855,205       856,080       865,400  
    Loans and leases held-for-sale                           6,717  
    Loans and leases:            
    Commercial real estate loans   5,580,982       5,716,114       5,779,290       5,782,111       5,755,239  
    Commercial loans and leases   2,512,912       2,506,664       2,453,038       2,443,530       2,416,904  
    Consumer loans   1,548,828       1,556,510       1,522,908       1,495,496       1,482,943  
    Total loans and leases   9,642,722       9,779,288       9,755,236       9,721,137       9,655,086  
    Allowance for loan and lease losses   (124,145 )     (125,083 )     (127,316 )     (121,750 )     (120,124 )
    Net loans and leases   9,518,577       9,654,205       9,627,920       9,599,387       9,534,962  
    Restricted equity securities   67,537       83,155       82,675       78,963       74,709  
    Premises and equipment, net of accumulated depreciation   84,439       86,781       86,925       88,378       89,707  
    Right-of-use asset operating leases   44,144       43,527       41,934       35,691       33,133  
    Deferred tax asset   52,176       56,620       50,827       60,032       60,484  
    Goodwill   241,222       241,222       241,222       241,222       241,222  
    Identified intangible assets, net of accumulated amortization   16,030       17,461       19,162       20,830       22,499  
    Other real estate owned and repossessed assets   917       1,103       1,579       1,974       1,817  
    Other assets   255,022       282,630       261,383       309,651       310,195  
    Total assets $ 11,519,869     $ 11,905,326     $ 11,676,721     $ 11,635,292     $ 11,542,731  
    LIABILITIES AND STOCKHOLDERS’ EQUITY            
    Deposits:            
    Demand checking accounts $ 1,664,629     $ 1,692,394     $ 1,681,858     $ 1,638,378     $ 1,629,371  
    NOW accounts   625,492       617,246       637,374       647,370       654,748  
    Savings accounts   1,793,852       1,721,247       1,736,989       1,735,857       1,727,893  
    Money market accounts   2,183,855       2,116,360       2,041,185       2,073,557       2,065,569  
    Certificate of deposit accounts   1,878,665       1,885,444       1,819,353       1,718,414       1,670,147  
    Brokered deposit accounts   764,959       868,953       815,512       923,460       970,925  
    Total deposits   8,911,452       8,901,644       8,732,271       8,737,036       8,718,653  
    Borrowed funds:            
    Advances from the FHLB   957,848       1,355,926       1,345,003       1,265,079       1,150,153  
    Subordinated debentures and notes   84,362       84,328       84,293       84,258       84,223  
    Other borrowed funds   113,617       79,592       68,251       80,125       127,505  
    Total borrowed funds   1,155,827       1,519,846       1,497,547       1,429,462       1,361,881  
    Operating lease liabilities   45,330       44,785       43,266       37,102       34,235  
    Mortgagors’ escrow accounts   15,264       15,875       14,456       17,117       16,245  
    Reserve for unfunded credits   5,296       5,981       6,859       11,400       15,807  
    Accrued expenses and other liabilities   146,518       195,256       151,960       204,695       201,679  
    Total liabilities   10,279,687       10,683,387       10,446,359       10,436,812       10,348,500  
    Stockholders’ equity:            
    Common stock, $0.01 par value; 200,000,000 shares authorized; 96,998,075 shares issued, 96,998,075 shares issued, 96,998,075 shares issued, 96,998,075 shares issued, and 96,998,075 shares issued, respectively   970       970       970       970       970  
    Additional paid-in capital   903,696       902,584       901,562       904,775       903,726  
    Retained earnings   465,898       458,943       453,555       445,560       441,285  
    Accumulated other comprehensive income   (42,498 )     (52,882 )     (38,081 )     (61,693 )     (60,841 )
    Treasury stock, at cost;            
    7,037,610, 7,019,384, 7,015,843, 7,373,009, and 7,354,399 shares, respectively   (87,884 )     (87,676 )     (87,644 )     (91,132 )     (90,909 )
    Total stockholders’ equity   1,240,182       1,221,939       1,230,362       1,198,480       1,194,231  
    Total liabilities and stockholders’ equity $ 11,519,869     $ 11,905,326     $ 11,676,721     $ 11,635,292     $ 11,542,731  
                 
                 
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Consolidated Statements of Income (Unaudited)
       
      Three Months Ended
      March 31,
    2025
    December 31,
    2024
    September 30,
    2024
    June 30,
    2024
    March 31,
    2024
      (In Thousands Except Share Data)
    Interest and dividend income:          
    Loans and leases $ 143,309   $ 147,436     $ 149,643     $ 145,585     $ 145,265  
    Debt securities   6,765     6,421       6,473       6,480       6,878  
    Restricted equity securities   1,203     1,460       1,458       1,376       1,492  
    Short-term investments   2,451     2,830       1,986       1,914       1,824  
    Total interest and dividend income   153,728     158,147       159,560       155,355       155,459  
    Interest expense:          
    Deposits   53,478     56,562       59,796       59,721       56,884  
    Borrowed funds   14,420     16,597       16,756       15,633       16,987  
    Total interest expense   67,898     73,159       76,552       75,354       73,871  
    Net interest income   85,830     84,988       83,008       80,001       81,588  
    Provision for credit losses on loans   5,974     4,141       4,832       5,607       7,423  
    Provision (recovery) of credit losses on investments   12     (104 )     (172 )     (39 )     (44 )
    Net interest income after provision for credit losses   79,844     80,951       78,348       74,433       74,209  
    Non-interest income:          
    Deposit fees   2,361     2,297       2,353       3,001       2,897  
    Loan fees   393     439       464       702       789  
    Loan level derivative income, net   70     1,115             106       437  
    Gain on sales of loans and leases held-for-sale   24     406       415       130        
    Other   2,812     2,330       3,116       2,457       2,161  
    Total non-interest income   5,660     6,587       6,348       6,396       6,284  
    Non-interest expense:          
    Compensation and employee benefits   35,853     37,202       35,130       34,762       36,629  
    Occupancy   5,721     5,393       5,343       5,551       5,769  
    Equipment and data processing   7,012     6,780       6,831       6,732       7,031  
    Professional services   1,726     1,345       2,143       1,745       1,900  
    FDIC insurance   2,037     2,017       2,118       2,025       1,884  
    Advertising and marketing   868     1,303       859       1,504       1,574  
    Amortization of identified intangible assets   1,430     1,701       1,668       1,669       1,708  
    Merger and restructuring expense   971     3,378             823        
    Other   4,404     4,600       3,856       4,373       4,519  
    Total non-interest expense   60,022     63,719       57,948       59,184       61,014  
    Income before provision for income taxes   25,482     23,819       26,748       21,645       19,479  
    Provision for income taxes   6,382     6,283       6,606       5,273       4,814  
    Net income $ 19,100   $ 17,536     $ 20,142     $ 16,372     $ 14,665  
    Earnings per common share:          
    Basic $ 0.21   $ 0.20     $ 0.23     $ 0.18     $ 0.16  
    Diluted $ 0.21   $ 0.20     $ 0.23     $ 0.18     $ 0.16  
    Weighted average common shares outstanding during the period:        
    Basic   89,103,510     89,098,443       89,033,463       88,904,692       88,894,577  
    Diluted   89,567,747     89,483,964       89,319,611       89,222,315       89,181,508  
    Dividends paid per common share $ 0.135   $ 0.135     $ 0.135     $ 0.135     $ 0.135  
               
               
     
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Asset Quality Analysis (Unaudited)
       
      At and for the Three Months Ended
      March 31,
    2025
    December 31,
    2024
      September 30,
    2024
    June 30,
    2024
    March 31,
    2024
      (Dollars in Thousands)
    NONPERFORMING ASSETS:            
    Loans and leases accounted for on a nonaccrual basis:            
    Commercial real estate mortgage $ 10,842     $ 11,525     $ 11,595     $ 11,659     $ 18,394  
    Multi-family mortgage   6,576       6,596       1,751              
    Total commercial real estate loans   17,418       18,121       13,346       11,659       18,394  
                 
    Commercial   7,415       14,676       15,734       16,636       3,096  
    Equipment financing   32,975       31,509       37,223       27,128       13,668  
    Total commercial loans and leases   40,390       46,185       52,957       43,764       16,764  
                 
    Residential mortgage   3,962       3,999       3,862       4,495       4,563  
    Home equity   1,333       1,043       1,076       790       950  
    Other consumer   1       1       1       1       1  
    Total consumer loans   5,296       5,043       4,939       5,286       5,514  
                 
    Total nonaccrual loans and leases   63,104       69,349       71,242       60,709       40,672  
                 
    Other real estate owned   700       700       780       780       780  
    Other repossessed assets   217       403       799       1,194       1,037  
    Total nonperforming assets $ 64,021     $ 70,452     $ 72,821     $ 62,683     $ 42,489  
                 
    Loans and leases past due greater than 90 days and still accruing $ 3,009     $ 811     $ 16,091     $ 4,994     $ 363  
                 
    Nonperforming loans and leases as a percentage of total loans and leases   0.65 %     0.71 %     0.73 %     0.62 %     0.42 %
    Nonperforming assets as a percentage of total assets   0.56 %     0.59 %     0.62 %     0.54 %     0.37 %
                 
    PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:        
    Allowance for loan and lease losses at beginning of period $ 125,083     $ 127,316     $ 121,750     $ 120,124     $ 117,522  
    Charge-offs   (9,073 )     (8,414 )     (4,183 )     (8,823 )     (5,390 )
    Recoveries   1,476       1,162       375       436       309  
    Net charge-offs   (7,597 )     (7,252 )     (3,808 )     (8,387 )     (5,081 )
    Provision for loan and lease losses excluding unfunded commitments *   6,659       5,019       9,374       10,013       7,683  
    Allowance for loan and lease losses at end of period $ 124,145     $ 125,083     $ 127,316     $ 121,750     $ 120,124  
                 
    Allowance for loan and lease losses as a percentage of total loans and leases   1.29 %     1.28 %     1.31 %     1.25 %     1.24 %
                 
    NET CHARGE-OFFS:            
    Commercial real estate loans $     $     $     $ 3,819     $ 606  
    Commercial loans and leases **   7,647       7,257       3,797       4,571       8,179  
    Consumer loans   (50 )     (5 )     11       (3 )     (4 )
    Total net charge-offs $ 7,597     $ 7,252     $ 3,808     $ 8,387     $ 8,781  
                 
    Net loan and lease charge-offs as a percentage of average loans and leases (annualized)   0.31 %     0.30 %     0.16 %     0.35 %     0.36 %
                 
    *Provision for loan and lease losses does not include (credit) provision of $(0.7 million), $(0.9 million), $(4.5 million), $(4.4 million), and $(0.3 million) for credit losses on unfunded commitments during the three months ended March 31, 2025, December 31, 2024, September 30, 2024, June 30, 2024, and March 31, 2024, respectively.
    ** The balance at March 31, 2024 includes a $3.7 million charge-off on a letter of credit which impacted the provision.
                 
     
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Average Yields / Costs (Unaudited)
     
      Three Months Ended
      March 31, 2025 December 31, 2024 March 31, 2024
      Average Balance Interest (1) Average Yield/ Cost Average Balance Interest (1) Average Yield/ Cost Average Balance Interest (1) Average Yield/ Cost
      (Dollars in Thousands)
    Assets:                  
    Interest-earning assets:                  
    Investments:                  
    Debt securities (2) $ 888,913   $ 6,814 3.07 %   $ 856,065   $ 6,463 3.02 %   $ 893,228   $ 6,927 3.10 %
    Restricted equity securities (2)   69,784     1,204 6.90 %     75,879     1,459 7.69 %     76,335     1,493 7.82 %
    Short-term investments   202,953     2,451 4.83 %     236,784     2,830 4.78 %     130,768     1,824 5.58 %
    Total investments   1,161,650     10,469 3.60 %     1,168,728     10,752 3.68 %     1,100,331     10,244 3.72 %
    Loans and Leases:                  
    Commercial real estate loans (3)   5,651,390     77,243 5.47 %     5,752,591     81,195 5.52 %     5,761,735     81,049 5.56 %
    Commercial loans (3)   1,237,078     19,698 6.37 %     1,170,295     19,750 6.61 %     1,026,467     17,507 6.75 %
    Equipment financing (3)   1,281,425     25,965 8.11 %     1,310,143     26,295 8.03 %     1,374,426     26,895 7.83 %
    Consumer loans (3)   1,548,973     20,861 5.41 %     1,529,654     20,881 5.44 %     1,482,819     19,978 5.40 %
    Total loans and leases   9,718,866     143,767 5.92 %     9,762,683     148,121 6.07 %     9,645,447     145,429 6.03 %
    Total interest-earning assets   10,880,516     154,236 5.67 %     10,931,411     158,873 5.81 %     10,745,778     155,673 5.79 %
    Non-interest-earning assets   662,814         649,161         671,407      
    Total assets $ 11,543,330       $ 11,580,572       $ 11,417,185      
                       
    Liabilities and Stockholders’ Equity:                  
    Interest-bearing liabilities:                  
    Deposits:                  
    NOW accounts $ 628,346     1,005 0.65 %   $ 630,408     1,056 0.67 %   $ 671,914     1,261 0.75 %
    Savings accounts   1,743,688     10,173 2.37 %     1,741,355     10,896 2.49 %     1,694,220     11,352 2.69 %
    Money market accounts   2,187,581     13,587 2.52 %     2,083,033     13,856 2.65 %     2,076,303     15,954 3.09 %
    Certificates of deposit   1,886,386     19,593 4.21 %     1,857,483     20,691 4.43 %     1,624,118     16,672 4.13 %
    Brokered deposit accounts   767,275     9,120 4.82 %     797,910     10,063 5.02 %     896,784     11,645 5.22 %
    Total interest-bearing deposits   7,213,276     53,478 3.01 %     7,110,189     56,562 3.16 %     6,963,339     56,884 3.29 %
    Borrowings                  
    Advances from the FHLB   1,007,508     11,847 4.70 %     1,144,157     13,958 4.77 %     1,164,534     14,633 4.97 %
    Subordinated debentures and notes   84,345     1,701 8.07 %     84,311     1,944 9.22 %     84,206     1,377 6.54 %
    Other borrowed funds   71,462     872 4.95 %     65,947     695 4.20 %     93,060     977 4.22 %
    Total borrowings   1,163,315     14,420 4.96 %     1,294,415     16,597 5.02 %     1,341,800     16,987 5.01 %
    Total interest-bearing liabilities   8,376,591     67,898 3.29 %     8,404,604     73,159 3.46 %     8,305,139     73,871 3.58 %
    Non-interest-bearing liabilities:                  
    Demand checking accounts   1,680,527         1,693,138         1,631,472      
    Other non-interest-bearing liabilities   251,011         250,303         278,670      
    Total liabilities   10,308,129         10,348,045         10,215,281      
    Stockholders’ equity   1,235,201         1,232,527         1,201,904      
    Total liabilities and equity $ 11,543,330       $ 11,580,572       $ 11,417,185      
    Net interest income (tax-equivalent basis) /Interest-rate spread (4)     86,338 2.38 %       85,714 2.35 %       81,802 2.21 %
    Less adjustment of tax-exempt income     508       726       214  
    Net interest income   $ 85,830     $ 84,988     $ 81,588  
    Net interest margin (5)     3.22 %       3.12 %       3.06 %
                       
    (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis.
    (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month.
    (3) Loans on nonaccrual status are included in the average balances.
    (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
    (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis.
                       
     
    BROOKLINE BANCORP, INC. AND SUBSIDIARIES
    Non-GAAP Financial Information (Unaudited)
     
            At and for the
    Three Months Ended
    March 31,
              2025       2024  
    Reconciliation Table – Non-GAAP Financial Information     (Dollars in Thousands Except Share Data)
             
    Reported Pretax Income     $ 25,482     $ 19,479  
    Add:          
    Merger and restructuring expense       971        
    Operating Pretax Income       $ 26,453     $ 19,479  
    Effective tax rate         24.3 %     24.7 %
    Provision for income taxes         6,416       4,814  
    Operating earnings after tax     $ 20,037     $ 14,665  
               
    Operating earnings per common share:          
    Basic       $ 0.22     $ 0.16  
    Diluted       $ 0.22     $ 0.16  
               
    Weighted average common shares outstanding during the period:        
    Basic         89,103,510       88,894,577  
    Diluted         89,567,747       89,181,508  
               
    Return on average assets *       0.66 %     0.51 %
    Add:          
    Merger and restructuring expense (after-tax) *       0.03 %     %
    Operating return on average assets *       0.69 %     0.51 %
               
    Return on average tangible assets *       0.68 %     0.53 %
    Add:          
    Merger and restructuring expense (after-tax) *       0.03 %     %
    Operating return on average tangible assets *       0.71 %     0.53 %
               
               
    Return on average stockholders’ equity *       6.19 %     4.88 %
    Add:          
    Merger and restructuring expense (after-tax) *       0.24 %     %
    Operating return on average stockholders’ equity *       6.43 %     4.88 %
               
               
    Return on average tangible stockholders’ equity *       7.82 %     6.26 %
    Add:          
    Merger and restructuring expense (after-tax) *       0.30 %     %
    Operating return on average tangible stockholders’ equity *       8.12 %     6.26 %
               
    * Ratios at and for the three months ended are annualized.        
             
      At and for the Three Months Ended
      March 31,
    2025
    December 31,
    2024
    September 30,
    2024
    June 30,
    2024
    March 31,
    2024
      (Dollars in Thousands)
               
    Net income, as reported $ 19,100     $ 17,536     $ 20,142     $ 16,372     $ 14,665  
               
    Average total assets $ 11,543,330     $ 11,580,572     $ 11,451,338     $ 11,453,394     $ 11,417,185  
    Less: Average goodwill and average identified intangible assets, net   257,941       259,496       261,188       262,859       264,536  
    Average tangible assets $ 11,285,389     $ 11,321,076     $ 11,190,150     $ 11,190,535     $ 11,152,649  
               
    Return on average tangible assets (annualized)   0.68 %     0.62 %     0.72 %     0.59 %     0.53 %
               
    Average total stockholders’ equity $ 1,235,201     $ 1,232,527     $ 1,216,037     $ 1,193,385     $ 1,201,904  
    Less: Average goodwill and average identified intangible assets, net   257,941       259,496       261,188       262,859       264,536  
    Average tangible stockholders’ equity $ 977,260     $ 973,031     $ 954,849     $ 930,526     $ 937,368  
               
    Return on average tangible stockholders’ equity (annualized)   7.82 %     7.21 %     8.44 %     7.04 %     6.26 %
               
    Total stockholders’ equity $ 1,240,182     $ 1,221,939     $ 1,230,362     $ 1,198,480     $ 1,194,231  
    Less:          
    Goodwill   241,222       241,222       241,222       241,222       241,222  
    Identified intangible assets, net   16,030       17,461       19,162       20,830       22,499  
    Tangible stockholders’ equity $ 982,930     $ 963,256     $ 969,978     $ 936,428     $ 930,510  
               
    Total assets $ 11,519,869     $ 11,905,326     $ 11,676,721     $ 11,635,292     $ 11,542,731  
    Less:          
    Goodwill   241,222       241,222       241,222       241,222       241,222  
    Identified intangible assets, net   16,030       17,461       19,162       20,830       22,499  
    Tangible assets $ 11,262,617     $ 11,646,643     $ 11,416,337     $ 11,373,240     $ 11,279,010  
               
    Tangible stockholders’ equity to tangible assets   8.73 %     8.27 %     8.50 %     8.23 %     8.25 %
               
    Tangible stockholders’ equity $ 982,930     $ 963,256     $ 969,978     $ 936,428     $ 930,510  
               
    Number of common shares issued   96,998,075       96,998,075       96,998,075       96,998,075       96,998,075  
    Less:          
    Treasury shares   7,037,610       7,019,384       7,015,843       7,373,009       7,354,399  
    Unvested restricted shares   855,860       880,248       883,789       713,443       749,099  
    Number of common shares outstanding   89,104,605       89,098,443       89,098,443       88,911,623       88,894,577  
               
    Tangible book value per common share $ 11.03     $ 10.81     $ 10.89     $ 10.53     $ 10.47  
               

    PDF available: http://ml.globenewswire.com/Resource/Download/e23d70f5-f96e-4a22-ac83-0bee735aa434

    The MIL Network

  • MIL-Evening Report: The origin story of the Anzac biscuit is largely myth – but that shouldn’t obscure the history of women during the war

    Source: The Conversation (Au and NZ) – By Garritt C. Van Dyk, Senior Lecturer in History, University of Waikato

    Australian Comforts Fund buffet in Longueval, France, 1916. Australian War Memorial

    The Anzac biscuit is a cultural icon, infused with mythical value, representing the connection between women on the home front and soldiers serving overseas during the first world war.

    A baked good developed to survive the trip to the trenches and lift the spirits of the troops has the seductive appeal of folklore specific to Australia and Aotearoa New Zealand.

    There is another story linked to the myth, however, about women who worked to provide necessities and small comforts to those serving in the Australian and New Zealand Army Corps.

    The Anzac biscuit myth

    Soldiers at the front had biscuits, of a sort, in their rations but these were more like 18th century “ship’s biscuit”, or hard tack, called “tile”, “wafers”, or “army biscuits”.

    Made from flour, water and dry milk, tile was nonperishable and didn’t get mouldy, but it was so hard it had to be soaked before eating to avoid cracking a tooth. Soldiers would sometimes grate the moistened biscuit and cook it with water for an improvised porridge.

    The biscuits were so tough that soldiers even used them as stationery.

    Cakes and biscuits in sealed tins were requested as donations from the public, but had to meet requirements to ensure they would not spoil by the time they arrived.

    It is unlikely Anzac biscuits made according to today’s recipe were packed in tins by mothers, wives and girlfriends and shipped overseas to soldiers. As a matter of practicality, shredded coconut included in the recipe would have probably become rancid in transit.

    Australia soldiers at Ribemont, France, opening parcels from the Australian Comforts Fund, March 1917.
    Australian War Memorial

    The idea of our modern Anzac biscuits being sent to the front line is most likely an invented tradition, created after the fact. The first thing we would recognise as our current recipe did not appear until 1927.

    But women were sending biscuits, and more, to their men on the front lines in the crucial role of providing creature comforts.

    The War Chest Cookery Book

    The Australian Comforts Fund was a national group founded in 1916 to coordinate state volunteer organisations, run mainly by women.

    The War Chest Cookery Book, published in 1917.
    Trove

    In 1917, the New South Wales branch printed the The War Chest Cookery Book. Paid advertisements on every page allowed the fund to donate all proceeds from the sale of the cookbook “to substantially augment the funds of the War Chest”.

    In this book we find the first printed recipe for a biscuit with “Anzac” in the title. The recipe bears no resemblance to today’s version, except for the name. Neither oats nor coconut were included. Instead, the recipe called for eggs, rice flour, cinnamon and mixed spice, and the baked biscuits were sandwiched together with jam and topped with icing.

    The motto of the Australian Comforts Fund, “keep the fit man fit”, differentiated their mission from the lifesaving supplies delivered by the Red Cross.

    The war chest allowed the distribution of nonessential items that included necessities like such as socks, mittens and singlets, but also comforts of home like such as pyjamas, razor blades and tobacco.

    Special shipments included morale boosters like such as Christmas hampers with plum puddings, gramophones, sporting goods, postcards and pencils.

    Women from the Australian Comforts Fund distributing packages to soldiers in Abbassieh, Egypt, during the first world war.
    State Library Victoria

    Women in the fund also ran canteens near the front serving soup, coffee, tea, and cocoa. The fund provided twelve million mugs of hot drinks between January 1917 and June 1918 alone.

    A soldier’s memoir from the winter of 1916 in the Somme recalled how the promise of the kitchen kept him going:

    We desire to acknowledge our debt to the Australian Comforts Fund. Their soup kitchen was the goal to which even the weariest man persevered during the dreadful outward journeys from the line.

    A dubious debut: not your Nan’s Anzac biscuit

    Today, Anzac biscuits baked for commercial production and sale must adhere to the Australian Department of Veteran Affairs Guidelines, established in 1994, which regulate the use of the word Anzac (and prohibit the use of the word “cookie” to describe them).

    This first iteration of Anzac biscuits would most certainly not comply with the guidelines as they “substantially deviate from the accepted recipe” which features ingredients including oats, golden syrup and coconut.

    Two other recipes in the War Chest Cookbook for rolled oat biscuits are closer, and omit eggs, but they lack the binding power of golden syrup and the characteristic crunch of desiccated coconut.

    The combination of oats and golden syrup first appears in the Melbourne newspaper The Argus on September 15 1920 when Josephine, from East Brunswick, contributed her recipe for “ANZAC Biscuits or Crispies”.

    A recipe for Anzac biscuits with “cocoanut” was not published until the late 1920s, in the Brisbane Sunday Mail on June 26 1927.

    This late introduction of the full recipe is a reminder that while biscuits got sent overseas, they were not the “official” Anzac biscuits we know today.

    A recipe for Anzac biscuits with ‘cocoanut’ was not published until the late 1920s.
    May Lawrence/Unsplash

    The story behind the biscuit

    Defining and preserving the identity of the Anzac biscuit affirms a tangible symbol of national identity. While the recipe may have been invented after the fact, a consistent standard encourages the continuity of remembrance through the uniformity of a shared tradition.

    Women packing food for the Australian Comfort Fund’s war chests.
    Mitchell Library, State Library of New South Wales

    The myth of domestic bakers dispatching this specific recipe to soldiers, however, should not eclipse the efforts of the Australian Comforts Fund, fundraising on a national scale, and running makeshift canteens in a war zone.

    Women weren’t just baking in their kitchens: they were organising and delivering resources at home and overseas, benefiting soldiers at the front lines.

    Garritt C. Van Dyk has received funding from the Getty Research Institute.

    ref. The origin story of the Anzac biscuit is largely myth – but that shouldn’t obscure the history of women during the war – https://theconversation.com/the-origin-story-of-the-anzac-biscuit-is-largely-myth-but-that-shouldnt-obscure-the-history-of-women-during-the-war-252039

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Fossil teeth show extinct giant kangaroos spent their lives close to home – and perished when the climate changed

    Source: The Conversation (Au and NZ) – By Christopher Laurikainen Gaete, PhD Candidate, University of Wollongong

    Chris Laurikainen Gaete

    Large kangaroos today roam long distances across the outback, often surviving droughts by moving in mobs to find new food when pickings are slim.

    But not all kangaroos have been this way. In new research published today in PLOS One, we found giant kangaroos that once lived in eastern Australia were far less mobile, making them vulnerable to changes in local environmental conditions.

    We discovered fossilised teeth of the now extinct giant kangaroo genus Protemnodon at Mount Etna Caves, north of Rockhampton, in central eastern Queensland. Analysing the teeth gave us a glimpse into the past movements of these extinct giants, hundreds of thousands of years ago.

    Our results show Protemnodon did not forage across great distances, instead living in a lush and stable rainforest utopia. However, this utopia began to decline when the climate became drier with more pronounced seasons – spelling doom for Mount Etna’s giant roos.

    Artist’s impression of Protemnodon in a lush rainforest ‘utopia’ before extinction.
    Queensland Museum & Capricorn Caves – Atuchin / Lawrence / Hocknull

    Mount Etna Caves

    The Mount Etna Caves National Park and nearby Capricorn Caves hold remarkable records of life over hundreds of thousands of years.

    Fossils accumulated in the caves because they acted like giant pitfall traps and also lairs of predators such as thylacines, Tasmanian devils, marsupial lions, owls, raptors and the now-endangered ghost bats.

    Reddish-coloured fossil deposits can be seen on the western side of Mount Etna mine, now part of Mt Etna National Park.
    Scott Hocknull

    Large parts of the region were once mined for lime and cement. One of us (Hocknull) worked closely with mine managers to safely remove and stockpile fossil deposits from now-destroyed caves for scientific research which still continues.

    As part of our study we dated fossils using an approach called uranium-series dating, and the sediment around them with a different technique called luminescence dating.

    Our results suggest the giant kangaroos lived around the caves from at least 500,000 years ago to about 280,000 years ago. After this they disappeared from the Mount Etna fossil record.

    At the time, Mount Etna hosted a rich rainforest habitat, comparable to modern day New Guinea. As the climate became drier between 280,000 and 205,000 years ago, rainforest-dwelling species including Protemnodon vanished from the area, replaced by those adapted to a dry, arid environment.

    You are what you eat

    Our study looked at how far Protemnodon travelled to find food. The general trend in mammals is that bigger creatures range farther. This trend holds for modern kangaroos, so we expected giant extinct kangaroos like Protemnodon would also have had large ranges.

    Teeth record a chemical signature of the food you eat. By looking at different isotopes of the element strontium in tooth enamel, we can study the foraging ranges of extinct animals.

    Chris Laurikainen Gaete in the lab with the laser system used to analyse Protemnodon fossil teeth.
    Chris Laurikainen Gaete

    Varying abundances of strontium isotopes reflect the chemical fingerprint of the plants an animal ate, as well as the geology and soils where the plant grew. By matching chemical signatures in the teeth to local signatures in the environment, we could estimate where these ancient animals travelled to obtain food.

    Eat local, die local

    Our results showed Protemnodon from Mount Etna didn’t travel far beyond the local limestone in which the caves and fossils were found. This is much a smaller range than we predicted range based on their body mass.

    We think the small foraging range of Protemnodon at Mount Etna was an adaptation to millions of years of stable food supply in the rainforest. They likely had little need to travel to find food.

    Protemnodon at Mount Etna probably only ranged over the orange area for food – a much smaller area than would be estimated from modern kangaroo data (solid red circle).
    Chris Laurikainen Gaete / State of Queensland (Department of Resources)

    Fossil evidence also suggests some species of Protemnodon walked on all fours rather than hopped. This would have constrained their ability to travel great distances, but is a great strategy for living in rainforests.

    One question remains to be answered: if they didn’t need to move far to find food, why did they grow so big in the first place?

    A local adaptation or a species trait?

    The extinction of Australia’s megafauna – long-vanished beasts such the “marsupial lion” Thylacoleo and the three-tonne Diprotodon – has long been debated. It has often been assumed that megafauna species responded in the same way to environmental changes wherever they lived.

    However, we may have underestimated the role of local adaptations. This particularly holds true for Protemnodon, with a recent study suggesting significant variation in diet and movement across different environments.

    Similar small foraging ranges have been suggested for Protemnodon that lived near Bingara and Wellington Caves, New South Wales. Perhaps it was common for Protemnodon populations in stable habitats across eastern Australia to be homebodies – and this may have proved their Achilles’ heel when environmental conditions changed.

    Extinction, one by one

    As a rule, creatures with a small home range have a limited ability to move elsewhere. So if the something happens to their local habitat, they may be in big trouble.

    At Mount Etna, Protemnodon thrived for hundreds of thousands of years in the stable rainforest environment. But as the environment became more arid, and resources increasingly patchy, they may have been unable to traverse the growing gaps between patches of forest or retreat elsewhere.

    One key result of our study is that Protodemnon was locally extinct at Mt Etna long before humans turned up, which rules out human influence.

    The techniques used in this study will help us to learn about how Australia’s megafauna responded to changing environments in more detail. This approach moves the Australian megafauna extinction debate away from the traditional continental catch-all hypotheses – instead we can look at local populations in specific sites, and understand the unique factors driving local extinction events.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Fossil teeth show extinct giant kangaroos spent their lives close to home – and perished when the climate changed – https://theconversation.com/fossil-teeth-show-extinct-giant-kangaroos-spent-their-lives-close-to-home-and-perished-when-the-climate-changed-250057

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Union Minister Dr. Jitendra Singh convenes a joint meeting of Department of Biotechnology, AIIMS New Delhi, BIRAC, ICMR and Industry partners to review the indigenously developed HPV test kits for Cervical Cancer screening in India Calls Scientific Review of Indigenously Developed HPV Test Kits for Cervical Cancer Screening,

    Source: Government of India

    Union Minister Dr. Jitendra Singh convenes a joint meeting of Department of Biotechnology, AIIMS New Delhi, BIRAC, ICMR and Industry partners to review the indigenously developed HPV test kits for Cervical Cancer screening in India Calls Scientific Review of Indigenously Developed HPV Test Kits for Cervical Cancer Screening,

    Describes it as a Milestone in Preventive Healthcare:

    With 1 in every 5 women globally suffering from cervical cancer is from India. With 25% of global cervical cancer deaths occurring in India— often due to late diagnosis— Dr. Jitendra Singh stresses the critical need for preventive screening strategies

    Lauds involvement of the private sector is integral to these success stories, highlighting a “whole-of-science and whole-of-government approach.”

    Ultimate objective is to enable affordable, accessible, and ideally mass screening for cervical cancer highlights Dr. Jitendra Singh

    Dr. Jitendra Singh calls it national responsibility to safeguard our youth and offer them timely prevention of metabolic disorders

    Posted On: 23 APR 2025 5:13PM by PIB Delhi

    Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space, MoS Personnel, Public Grievances and Pensions, Dr. Jitendra Singh today convened a joint meeting of Department of Biotechnology, AIIMS New Delhi, BIRAC, ICMR and Industry partners here to review the indigenously developed HPV test kits for Cervical Cancer screening in India and described it as another milestone in preventive healthcare achieved by the Department of Biotechnology (DBT) under the Ministry of Science & Technology.

    Dr. Jitendra Singh emphasized that the ultimate goal is to position India as a global leader in preventive healthcare. He said it is now the right time to acknowledge a series of significant milestones accomplished by the team at DBT and BIRAC, including the development of the first-ever DNA vaccine, which brought India international recognition and restored esteem to Indian science in the field of healthcare.

    “The DNA vaccine has projected India as a country capable of leading in preventive healthcare—a stark contrast to the outdated perception that India neither prioritized preventive, nor even curative healthcare,” said Dr. Jitendra Singh.

    He also referred to Nafithromycin, India’s first indigenous antibiotic, which has received encouraging feedback. Dr. Jitendra Singh reiterated that the involvement of the private sector is integral to these success stories, highlighting a “whole-of-science and whole-of-government approach.”

    Another breakthrough cited was the successful gene therapy trial in hemophilia, which earned a spot in the prestigious New England Journal of Medicine (NEJM). Notably, both the British Medical Journal and NEJM, among the world’s oldest medical journals, have acknowledged India’s pioneering healthcare research.

    Dr. Jitendra Singh outlined four pillars of focus namely 1. Preventive Healthcare – As the future of healthcare lies in prevention, this will be the government’s primary focus moving forward.2. Youth-Centric Preventive Measures – Recognizing the prevalence of cervical cancer among adolescents and young women, emphasis will be on early-age interventions.3. Women’s Health –Strengthening government initiatives across ministries, including Health and Women & Child Development. 4. Private Sector Involvement – Building an ecosystem where government and private players collaborate domestically and globally.

    Dr. Jitendra Singh coined the term “PPP plus PPP”, referring to Public-Private Partnerships both within and beyond national borders, a model successfully adopted by several European nations, particularly in life sciences and healthcare.

    Dr. Jitendra Singh drew attention to India ranking fourth globally in cervical cancer-related morbidity, underscoring the urgent need for action. He cautioned, however, that HPV is not the sole cause of cervical cancer, but studies have shown a 90% correlation, supporting the case for targeted prevention.

    The Minister said that the ultimate objective is to enable affordable, accessible, and ideally mass screening for cervical cancer. He cited his own example from 1996 of providing free insulin treatment for Type 1 diabetes through charitable collaboration with Novo Nordisk, illustrating how private companies can contribute meaningfully.

    Dr. Jitendra Singh also remarked that discussions around vaccines have surged post-COVID, but emphasized the need for holistic prevention, including social, cultural, and hygienic habits—the traditional pillars of public health education.

    The GCI-BIRAC-DBT program titled “Validating Indigenous Human Papilloma Virus (HPV) Tests for Cervical Cancer Screening in India” successfully validated rapid, point-of-care, RT-PCR-based HPV diagnostic test kits. These kits were tested at premier R&D laboratories across the country.

    According to WHO data, 1 in every 5 women globally suffering from cervical cancer is from India. With 25% of global cervical cancer deaths occurring in India—often due to late diagnosis—Dr. Jitendra Singh stressed the critical need for preventive screening strategies.

    The Minister pointed out that current screening methods, including VIA/VILI, Pap smears, and HPV DNA testing, are costly, resource-intensive, and moderately sensitive. The new indigenous kits are expected to significantly reduce the cost and improve accessibility for widespread use.

    Tying the initiative to Prime Minister Narendra Modi’s vision of Viksit Bharat 2047, Dr. Jitendra Singh said India is now addressing multiple challenges simultaneously. With over 70% of India’s population below the age of 40, Dr. Singh raised concerns about rising non-communicable diseases, including early-onset Type 2 diabetes, once considered a disease of the middle-aged.

    “It becomes a national responsibility to safeguard our youth and offer them timely prevention if we truly aim to harness their energy for building the India of 2047,” Dr. Jitendra Singh asserted.

    The Minister concluded by urging continued cross-sector collaboration to ensure that the benefits of science reach the common public, making healthcare not just accessible, but affordable and proactive.

    The review meeting was attended by several key dignitaries and domain experts. Dr. V.K. Paul, Member, NITI Aayog; Dr. Rajesh Gokhale, Secretary, Department of Biotechnology (DBT); Jitendra Kumar, Managing Director, BIRAC; and Padma Shri Dr. Neerja Bhatla, a renowned expert in gynecologic oncology, were present and contributed valuable insights to the review proceedings.

    Prior to the commencement of the scientific review, a two-minute silence was observed to pay solemn tribute to the lives lost in yesterday’s terror attack in Pahalgam. The gathering expressed deep condolences and solidarity with the families of the victims.

    ***

    NKR/PSM

    (Release ID: 2123856) Visitor Counter : 12

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Answer to a written question – Presence of British Bases in the Republic of Cyprus – E-000388/2025(ASW)

    Source: European Parliament

    The presence of the British troops in Cyprus is regulated by the 1960 Agreement[1] establishing the Republic of Cyprus concluded between the United Kingdom of Great Britain and Northern Ireland (UK), Greece, Türkiye of the one part and the Republic of Cyprus of the other part, and therefore not a subject of discussions between the EU and the UK.

    The EU works closely with the UK on many issues and regularly exchanges with British officials, including on the operation of the Sovereign Base Areas (SBAs).

    Following the UK’s withdrawal, the EU has been protecting the interests of Cypriot citizens living and working in the SBAs. In this context, the Commission is in charge of the implementation of the Protocol No 3 on the Sovereign Base Areas of the United Kingdom of Great Britain and Northern Ireland in Cyprus [2]. The aim of the Protocol is to ensure that EU law, in the areas stipulated in Protocol 3 to Cyprus’ Act of Accession to the EU, will continue to apply in the SBAs. The territory of the SBAs continues to be part of the customs territory of the EU.

    The EU is fully committed to a comprehensive settlement of the Cyprus problem, within the United Nations (UN) framework, in accordance with the relevant UN Security Council resolutions and in line with the principles on which the Union is founded and the EU acquis.

    • [1] https://peacemaker.un.org/sites/default/files/document/files/2024/05/cy20gr20tr600816treaty20of20guarantee.pdf
    • [2] https://eur-lex.europa.eu/eli/treaty/acc_2003/act_1/pro_3/sign/eng
    Last updated: 23 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the ninth report on economic and social cohesion – A10-0066/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the ninth report on economic and social cohesion

    (2024/2107(INI))

    The European Parliament,

     having regard to Articles 2 and 3 of the Treaty on European Union,

     having regard to Articles 4, 162, 174 to 178, and 349 of the Treaty on the Functioning of the European Union (TFEU),

     having regard to Regulation (EU) 2021/1060 of the European Parliament and of the Council of 24 June 2021 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy[1] (Common Provisions Regulation),

     having regard to Regulation (EU) 2021/1058 of the European Parliament and of the Council of 24 June 2021 on the European Regional Development Fund and on the Cohesion Fund[2],

     having regard to Regulation (EU) 2021/1059 of the European Parliament and of the Council of 24 June 2021 on specific provisions for the European territorial cooperation goal (Interreg) supported by the European Regional Development Fund and external financing instruments[3],

     having regard to Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013[4],

     having regard to Regulation (EU) 2021/1056 of the European Parliament and of the Council of 24 June 2021 establishing the Just Transition Fund[5],

     having regard to Regulation (EU) 2021/2115 of the European Parliament and of the Council of 2 December 2021 establishing rules on support for strategic plans to be drawn up by Member States under the common agricultural policy (CAP Strategic Plans) and financed by the European Agricultural Guarantee Fund (EAGF) and by the European Agricultural Fund for Rural Development (EAFRD) and repealing Regulations (EU) No 1305/2013 and (EU) No 1307/2013[6],

     having regard to Regulation (EU) 2020/460 of the European Parliament and of the Council of 30 March 2020 amending Regulations (EU) No 1301/2013, (EU) No 1303/2013 and (EU) No 508/2014 as regards specific measures to mobilise investments in the healthcare systems of Member States and in other sectors of their economies in response to the COVID-19 outbreak (Coronavirus Response Investment Initiative)[7],

     having regard to Regulation (EU) 2020/558 of the European Parliament and of the Council of 23 April 2020 amending Regulations (EU) No 1301/2013 and (EU) No 1303/2013 as regards specific measures to provide exceptional flexibility for the use of the European Structural and Investments Funds in response to the COVID-19 outbreak[8],

     having regard to Regulation (EU) 2020/461 of the European Parliament and of the Council of 30 March 2020 amending Council Regulation (EC) No 2012/2002 in order to provide financial assistance to Member States and to countries negotiating their accession to the Union that are seriously affected by a major public health emergency[9],

     having regard to Regulation (EU) 2020/2221 of the European Parliament and of the Council of 23 December 2020 amending Regulation (EU) No 1303/2013 as regards additional resources and implementing arrangements to provide assistance for fostering crisis repair in the context of the COVID-19 pandemic and its social consequences and for preparing a green, digital and resilient recovery of the economy (REACT-EU)[10],

     having regard to Regulation (EU) 2022/562 of the European Parliament and of the Council of 6 April 2022 amending Regulations (EU) No 1303/2013 and (EU) No 223/2014 as regards Cohesion’s Action for Refugees in Europe (CARE)[11],

     having regard to Regulation (EU) 2022/2039 of the European Parliament and of the Council of 19 October 2022 amending Regulations (EU) No 1303/2013 and (EU) 2021/1060 as regards additional flexibility to address the consequences of the military aggression of the Russian Federation FAST (Flexible Assistance for Territories) – CARE[12],

     having regard to the URBACT programme for sustainable urban cooperation, established in 2002,

     having regard to the Urban Agenda for the EU of 30 May 2016,

     having regard to the Territorial Agenda 2030 of 1 December 2020,

     having regard to the 9th Cohesion Report, published by the Commission on 27 March 2024[13], and the Commission communication of 27 March 2024 on the 9th Cohesion Report (COM(2024)0149),

     having regard to the study entitled ‘The future of EU cohesion: Scenarios and their impacts on regional inequalities’, published by the European Parliamentary Research Service in December 2024,

     having regard to the Commission report of February 2024 entitled ‘Forging a sustainable future together – Cohesion for a competitive and inclusive Europe’[14],

     having regard to the opinion of the European Economic and Social Committee of 31 May 2024 on the 9th Cohesion Report[15],

     having regard to the opinion of the Committee of the Regions of 21 November 2024 entitled ‘A renewed Cohesion Policy post 2027 that leaves no one behind – CoR responses to the 9th Cohesion Report and the Report of the Group of High-Level Specialists on the Future of Cohesion Policy’,

     having regard to the report entitled ‘The future of European competitiveness – A competitiveness strategy for Europe’, published by the Commission on 9 September 2024,

     having regard to the agreement adopted at the 21st Conference of the Parties to the UN Framework Convention on Climate Change (COP21) in Paris on 12 December 2015 (the Paris Agreement),

     having regard to the study entitled ‘Streamlining EU Cohesion Funds: addressing administrative burdens and redundancy’, published by its Directorate-General for Internal Policies of the Union in November 2024[16],

     having regard to Regulation (EU) 2025/XXXX of the European Parliament and of the Council of [INSERT DATE] on the Border Regions’ Instrument for Development and Growth in the EU (BRIDGEforEU) [INSERT FOOTNOTE ONCE PUBLISHED IN OJ],

     having regard to the Commission communication of 3 May 2022 entitled ‘Putting people first, securing sustainable and inclusive growth, unlocking the potential of the EU’s outermost regions’ (COM(2022)0198),

     having regard to the opinion in the form of a letter from the Committee on Agriculture and Rural Development (XXX),

     having regard to its resolution of 25 March 2021 on cohesion policy and regional environment strategies in the fight against climate change[17],

     having regard to its resolution of 20 May 2021 on reversing demographic trends in EU regions using cohesion policy instruments[18],

     having regard to its resolution of 14 September 2021 entitled ‘Towards a stronger partnership with the EU outermost regions[19],

     having regard to its resolution of 15 September 2022 on economic, social and territorial cohesion in the EU: the 8th Cohesion Report[20],

     having regard to its resolution of 20 October 2023 on possibilities to increase the reliability of audits and controls by national authorities in shared management[21],

     having regard to its resolution of 23 November 2023 on harnessing talent in Europe’s regions[22],

     having regard to its resolution of 14 March 2024 entitled ‘Cohesion policy 2014-2020 – implementation and outcomes in the Member States[23],

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the report of the Committee on Regional Development (A10-0066/2025),

    A. whereas cohesion policy is at the heart of EU policies and is the EU’s main tool for investments in sustainable economic, social and territorial development, and contributing to the Green Deal objectives, across the EU under its multiannual financial frameworks for the periods of 2014-2020 and 2021-2027; whereas cohesion policy, as mandated by the Treaties, is fundamental for a well-functioning and thriving internal market by promoting the development of all regions in the EU, and especially the less developed ones;

    B. whereas cohesion policy has fostered economic, social and territorial convergence in the EU, notably by increasing the gross domestic products, for example, of central and eastern EU Member States, which went from 43 % of the EU average in 1995 to around 80 % in 2023; whereas the 9th Cohesion Report highlights that, by the end of 2022, cohesion policy supported over 4.4 million businesses, creating more than 370 000 jobs in these companies; whereas it also underlines that cohesion policy generates a significant return on investment, and that each euro invested in the 2014–2020 and 2021–2027 programmes will have generated 1.3 euros of additional GDP in the Union by 2030; whereas cohesion policy constituted, on average, around 13 % of total public investment in the EU[24];

    C. whereas the Commission report entitled ‘The long-term vision for the EU’s rural areas: key achievements and ways forward’, presented alongside the ninth Cohesion Report, underlines that EUR 24.6 billion, or 8 % of the rural development pillar of the common agricultural policy, is directed towards investments in rural areas beyond farming investments, setting the scene for a debate on the future of rural areas;

    D. whereas between 2021 and 2027, cohesion policy will have invested over EUR 140 billion in the green and digital transitions[25], to help improve networks and infrastructure, support nature conservation, improve green and digital skills and foster job creation and services for the public;

    E. whereas despite the widely acknowledged and proven positive impact of cohesion policy on social, economic and territorial convergence, significant challenges remain, marked notably by development disparities at sub-national level, within regions and in regions caught in a development trap, and by the impact of climate change, in terms of demography, the digital and green transitions, and connectivity, but also in terms of sustainable economic development, in particular in least developed regions and rural and remote areas;

    F. whereas cohesion policy and sectoral programmes of the EU have repeatedly and efficiently helped regions to respond effectively to emergencies and asymmetric shocks such as the COVID-19 crisis, Brexit, the energy crisis and the refugee crisis caused by Russia’s invasion of Ukraine, as well as natural disasters, even though it is a long-term, structural policy and not a crisis management instrument or the ‘go-to’ emergency response funding mechanism; whereas such crises have delayed the implementation of the European Structural and Investment Funds and whereas a considerable number of projects financed with Recovery and Resilience Facility (RRF) funds have been taken for the most part from projects that had been slated for investment under cohesion policy;

    G. whereas despite measures already taken for the 2014-2020 and 2021-2027 periods, the regulatory framework governing the use and administration of cohesion policy instruments and funds should be further simplified and interoperable digital tools better used and developed, including the establishment of one-stop digitalised service centres, with the objective of streamlining procedures, enhancing stakeholder trust, reducing the administrative burden, increasing flexibility in fund management and speeding up payments, not only for the relevant authorities but also for the final beneficiaries; whereas it is necessary to increase the scope for using funds more flexibly, including the possibility of financing the development of dual-use products; whereas it is of utmost importance to formulate any future cohesion policy with a strategic impetus throughout the funding period, which could, however, be reassessed at midterm;

    H. whereas the low absorption rate of the 2021-2027 cohesion policy funds, currently at just 6 %, is not because of a lack of need from Member States or regions, but rather stems from delays in the approval of operational programmes, the transition period between financial frameworks, the prioritisation of NextGenerationEU by national managing authorities, limited administrative capacity and complex bureaucratic procedures; whereas Member States and regions may not rush to absorb all available funds as they anticipate a possible extension under the N+2 or N+3 rules;

    I. whereas radical modifications to the cohesion regulatory framework, from one programming period to the next, contribute to generating insecurity among the authorities responsible and beneficiaries, gold-plating legislation, increasing error rates (and the accompanying negative reputational and financial consequences), delays in implementation and, ultimately, disaffection among beneficiaries and the general population;

    J. whereas there is sometimes competition between cohesion funds, emergency funds and sectoral policies;

    K. whereas demographic changes vary significantly across EU regions, with the populations of some Member States facing a projected decline in the coming years and others projected to grow; whereas demographic changes also take place between regions, including movement away from outermost regions, but are generally observed as movement from rural to urban areas within Member States, wherein women are leaving rural areas in greater numbers than men, but also to metropolitan areas, where villages around big cities encounter difficulties in investing in basic infrastructure; whereas the provision of essential services such as healthcare, education and transportation must be reinforced in all regions, with a particular focus on rural and remote areas; whereas a stronger focus is needed on areas suffering from depopulation and inadequate services, requiring targeted measures to encourage young people to remain through entrepreneurship projects, high-quality agriculture and sustainable tourism;

    L. whereas taking account of the ageing population is crucial in order to ensure justice among the generations and thereby to strengthen participation, especially among young people;

    M. whereas urban areas are burdened by new challenges resulting from the population influx to cities, as well as rising housing and energy prices, requiring the necessary housing development, new environmental protection and energy-saving measures, such as accelerated deep renovation to combat energy poverty and promote energy efficiency; whereas the EU cohesion policy should help to contribute to an affordable and accessible housing market for all people in the EU, especially for low- and middle-income households, urban residents, families with children, women and young people;

    N. whereas effective implementation of the Urban Agenda for the EU can enhance the capacity of cities to contribute to cohesion objectives, thereby improving the quality of life of citizens and guaranteeing a more efficient use of the EU’s financial resources;

    O. whereas particular attention needs to be paid to rural areas, as well as areas affected by industrial transition and EU regions that suffer from severe and permanent natural or demographic handicaps, brain drain, climate-related risks and water scarcity, such as the outermost regions, and in particular islands located at their peripheries or at the periphery of the EU, sparsely populated regions, islands, mountainous areas and cross-border regions, as well as coastal and maritime regions;

    P. whereas Russia’s war of aggression against Ukraine has created a new geopolitical reality that has had a strong impact on the employment, economic development and opportunities, and general well-being of the population living in regions bordering Ukraine, Belarus and Russia, as well as candidate countries such as Ukraine and Moldova, which therefore require special attention and support, including by accordingly adapting cohesion policy; whereas this war has led to an unprecedented number of people seeking shelter in the EU, placing an additional burden on local communities and services; whereas the collective security of the EU is strongly dependent on the vitality and well-being of regions situated at the EU’s external borders;

    Q. whereas the unique situation of Northern Ireland requires a bespoke approach building on the benefits of PEACE programmes examining how wider cohesion policy can benefit the process of reconciliation;

    R. whereas 79 % of citizens who are aware of EU-funded projects under cohesion policy believe that EU-funded projects have a positive impact on the regions[26], which contributes to a pro-EU attitude;

    S. whereas overall awareness of EU-funded projects under cohesion policy has decreased by 2 percentage points since 2021[27], meaning that greater decentralisation should be pursued to bring cohesion policy even closer to the citizen;

    1. Insists that the regional and local focus, place-based approach and strategic planning of cohesion policy, as well as its decentralised programming and implementation model based on the partnership principle with strengthened implementation of the European code of conduct, the involvement of economic and civil society actors, and multi-level governance, are key and positive elements of the policy, and determine its effectiveness; is firmly convinced that this model of cohesion policy should be continued in all regions and deepened where possible as the EU’s main long-term investment instrument for reducing disparities, ensuring economic, social and territorial cohesion, and stimulating regional and local sustainable growth in line with EU strategies, protecting the environment, and as a key contributor to EU competitiveness and just transition, as well as helping to cope with new challenges ahead;

    2. Calls for a clear demarcation between cohesion policy and other instruments, in order to avoid overlaps and competition between EU instruments, ensure complementarity of the various interventions and increase visibility and readability of EU support; in this context, notes that the RRF funds are committed to economic development and growth, without specifically focusing on economic, social and territorial cohesion between regions; is concerned about the Commission’s plans to apply a performance-based approach to the European Structural and Investment Funds (ESIF); acknowledges that performance-based mechanisms can be instrumental in making the policy more efficient and results-orientated, but cautions against a one-size-fits-all imposition of the model and expresses serious doubt about ideas to link the disbursement of ESIF to the fulfilment of centrally defined reform goals, even more so if the reform goals do not fall within the scope of competence of the regional level;

    3. Is opposed to any form of top-down centralisation reform of EU funding programmes, including those under shared management, such as the cohesion policy and the common agricultural policy, and advocates for greater decentralisation of decision-making to the local and regional levels; calls for enhanced involvement of local and regional authorities and economic and civil society actors at every stage of EU shared management programmes, from preparation and programming to implementation, delivery and evaluation, keeping in mind that the economic and social development of, and territorial cohesion between, regions can only be accomplished on the basis of good cooperation between all actors;

    4. Emphasises that the European Agricultural Fund for Rural Development (EAFRD) plays a key role, alongside cohesion policy funds, in supporting rural areas; stresses that the EAFRD’s design must align with the rules of cohesion policy funds to boost synergies and facilitate multi-funded rural development projects;

    5. Is convinced that cohesion policy can only continue to play its role if it has solid funding; underlines that this implies that future cohesion policy must be provided with robust funding for the post-2027 financial period; stresses that it is necessary to provide funding that is ambitious enough and easily accessible to allow cohesion policy to continue to fulfil its role as the EU’s main investment policy, while retaining the flexibility to meet potential new challenges, including the possibility of financing the development of dual-use products, and to enable local authorities, stakeholders and beneficiaries to effectively foster local development; is of the firm opinion that the capacity to offer flexible responses to unpredictable challenges should not come at the expense of the clear long-term strategic focus and objectives of cohesion policy;

    6. Underlines the importance of the next EU multiannual financial framework (MFF) and the mid-term review of cohesion policy programmes 2021-2027 in shaping the future of cohesion policy; reiterates the need for a more ambitious post-2027 cohesion policy in the next MFF 2028-2034; calls, therefore, for the upcoming MFF to ensure that cohesion policy continues to receive at least the same level of funding as in the current period in real terms; furthermore calls for cohesion policy to remain a separate heading in the new MFF; stresses that cohesion policy should be protected from statistical effects that may alter the eligibility of regions by changing the average EU GDP; reiterates the need for new EU own resources;

    7. Proposes, therefore, that next MFF be more responsive to unforeseen needs, including with sufficient margins and flexibilities from the outset; emphasises in this regard, however, that cohesion policy is not a crisis instrument and that it should not deviate from its main objectives, namely from its long-term investment nature; calls for the European Union Solidarity Fund to be strengthened, including in its pre-financing, making it less bureaucratic and more easily accessible, in order to develop an appropriate instrument capable of responding adequately to the economic, social and territorial consequences of future natural disasters or health emergencies; emphasises the need for Parliament to have adequate control over any emergency funds and instruments;

    8. Recognises the need to also use nomenclature of territorial units for statistics (NUTS) 3 classification for specific cases, in a manner that recognises that inequalities in development exist within all NUTS 2 regions; is of the opinion that regional GDP per capita must remain the main criterion for determining Member States’ allocations under cohesion policy; welcomes the fact that, following Parliament’s persistent calls, the Commission has begun considering additional criteria[28] such as greenhouse gas emissions, population density, education levels and unemployment rates, in order to provide a better socio-economic overview of the regions;

    9. Stresses that the rule of law conditionality is an overarching conditionality, recognising and enforcing respect for the rule of law, also as an enabling condition for cohesion policy funding, to ensure that Union resources are used in a transparent, fair and responsible manner with sound financial management; considers it necessary to reinforce respect for the rule of law and fundamental rights, and to ensure that all actions are consistent with supporting democratic principles, gender equality and human rights, including workers’ rights, the rights of disabled people and children’s rights, in the implementation of cohesion policy; highlights the important role of the European Anti-Fraud Office and the European Public Prosecutor’s Office in protecting the financial interests of the Union;

    10. Calls for further efforts to simplify, make more flexible, strengthen synergies and streamline the rules and administrative procedures governing cohesion policy funds at EU, national and regional level, taking full advantage of the technologies available to increase accessibility and efficiency, building on the existing and well-established shared management framework, in order to strengthen confidence among users, thus encouraging the participation of a broader range of economic and civil society actors in projects supported and maximising the funds’ impact; calls for further initiatives enabling better absorption of cohesion funds, including increased co-financing levels, higher pre-financing and faster investment reimbursements; calls for local administration, in particular representing smaller communities, to be technically trained for better administrative management of the funds; stresses, therefore, the importance of strengthening the single audit principle, further expanding simplified cost options and reducing duplicating controls and audits that overlap with national and regional oversight for the same project and beneficiary, with a view to eliminating the possibility of repeating errors in subsequent years of implementation;

    11. Calls on the Commission and the Member States to give regions greater flexibility already at the programming stage, in order to cater for their particular needs and specificities, emphasising the need to involve the economic and civil society actors; underlines that thematic concentration was a key element in aligning cohesion policy with Europe 2020 objectives; asks the Commission, therefore, to present all findings related to the implementation of thematic concentration and to draw lessons for future legislative proposals;

    12. Acknowledges that the green, digital and demographic transitions present significant challenges but, at the same time, opportunities to achieve the objective of economic, social and territorial cohesion; recognises that, statistically, high-income areas can hide the economic problems within a region; is aware of the risk of a widening of regional disparities, a deepening of social inequalities and a rising ‘geography of discontent’ related to the transition process; underlines the need to reach the EU’s sustainability and climate objectives, and to maintain shared economic growth by strengthening the Union’s competitiveness; calls, therefore, for a European strategy that guarantees harmonious growth within the Union, meeting the respective regions’ specific needs; reaffirms its commitment to pursuing the green and digital transitions, as this will create opportunities to improve the EU’s competitiveness; underlines the need to invest in infrastructure projects that enhance connectivity, particularly in sustainable, intelligent transport, and in energy and digital networks, ensuring that all regions, including remote and less-developed ones, are fully integrated into the single market and benefit equitably from the opportunities it provides; emphasises, in this context, the need to support the development of green industries, fostering local specificities and traditions to increase the resilience of the economic environment and civil society to future challenges;

    13. Urges that the cohesion policy remain consistent with a push towards increasing innovation and completing the EU single market, in line with the conclusions of the Draghi report on European competitiveness; underlines, in the context of regional disparities, the problem of the persisting innovation divide and advocates for a tailored, place-based approach to fostering innovation and economic convergence across regions and reducing the innovation gap; calls for a stronger role for local and regional innovation in building competitive research and innovation ecosystems and promoting territorial cohesion; points to new EU initiatives, such as regional innovation valleys and partnerships for regional innovation, that aim to connect territories with different levels of innovation performance and tackle the innovation gap; considers that this approach will reinforce regional autonomy, allowing local and regional authorities to shape EU policies and objectives in line with their specific needs, characteristics and capacities, while safeguarding the partnership principle;

    14. Is convinced that cohesion policy needs to continue to foster the principle of just transition, addressing the specific needs of regions, while leaving no territory and no one behind; calls for continued financing of the just transition process, with the Just Transition Fund being fully integrated into the Common Provisions Regulation and endowed with reinforced financial means for the post-2027 programming period; emphasises, nonetheless, the need to assess the impact of the Just Transition Fund on the transformation of eligible regions and, while ensuring it remains part of cohesion policy, refine its approach in the new MFF on the basis of the findings and concrete measures to ensure the economic and social well-being of affected communities;

    15. Underlines the need to improve the relationship between cohesion policy and EU economic governance, while avoiding a punitive approach; stresses that the European Semester should comply with cohesion policy objectives under Articles 174 and 175 TFEU; calls for the participation of the regions in the fulfilment of these objectives and for a stronger territorial approach; calls for a process of reflection on the concept of macroeconomic conditionality and for the possibility to be explored of replacing this concept with new forms of conditionality to better reflect the new challenges ahead;

    16. Is concerned about the growing number of regions in a development trap, which are stagnating economically and are suffering from sharp demographic decline and limited access to essential services; calls, therefore, for an upward adjustment in co-financing for projects aimed at strengthening essential services; stresses the role of cohesion policy instruments in supporting different regions and local areas that are coping with demographic evolution affecting people’s effective right to stay, including, among others, challenges related to depopulation, ageing, gender imbalances, brain drain, skills shortages and workforce imbalances across regions; recognises the need for targeted economic incentives and structural interventions to counteract these phenomena; in this context, calls for the implementation of targeted programmes to attract, develop and retain talent, particularly in regions experiencing significant outflows of skilled workers, by fostering education, culture, entrepreneurship and innovation ecosystems that align with local and regional economic needs and opportunities;

    17. Recognises the importance of supporting and financing specific solutions for regions with long-standing and serious economic difficulties or severe permanent natural and demographic handicaps; reiterates the need for maintaining and improving the provision of quality essential services (such as education and healthcare), transport and digital connectivity of these regions, fostering their economic diversification and job creation, and helping them respond to challenges such as rural desertification, population ageing, poverty, depopulation, loneliness and isolation, as well as the lack of opportunities for vulnerable people such as persons with disabilities; underlines the need to prioritise the development and adequate funding of strategic sectors, such as renewable energy, sustainable tourism, digital innovation and infrastructure, in a manner that is tailored to the economic potential and resources of each region, in order to create broader conditions for endogenous growth and balanced development across all regions, especially rural, remote and less-developed areas, border regions, islands and outermost regions; recalls the importance of strong rural-urban linkages and particular support for women in rural areas;

    18. Emphasises the need for a tailored approach for the outermost regions, as defined under Article 349 TFEU, which face unique and cumulative structural challenges due to their remoteness, small market size, vulnerability to climate change and economic dependencies; underlines that these permanent constraints, including the small size of the domestic economy, great distance from the European continent, location near third countries, double insularity for most of them, and limited diversification of the productive sector, result in additional costs and reduced competitiveness, making their adaptation to the green and digital transition particularly complex and costly; underlines their great potential to further develop, inter alia through improved regional connectivity, key sectors such as blue economy, sustainable agriculture, renewable energies, space activities, research or eco-tourism; reiterates its long-standing call on the Commission to duly consider the impact of all newly proposed legislation on the outermost regions, with a view to avoiding disproportionate regulatory burdens and adverse effects on these regions’ economies;

    19. Underlines the fact that towns, cities and metropolitan areas have challenges of their own, such as considerable pockets of poverty, housing problems, traffic congestion and poor air quality, generating challenges for social and economic cohesion created by inharmonious territorial development; emphasises the need for a specific agenda for cities and calls for deepening their links with functional urban areas, encompassing smaller cities and towns, to ensure that economic and social benefits are spread more evenly across the entire territory; highlights the need to strengthen coordination between the initiatives of the Urban Agenda for the EU and the instruments of cohesion policy, favouring an integrated approach that takes into account territorial specificities and emerging challenges; calls, furthermore, for more direct access to EU funding for regional and local authorities, as well as cities and urban authorities, by inter alia widening the use of integrated territorial investments (ITI);

    20. Stresses the need to continue and strengthen investments in affordable housing within the cohesion policy framework, recognising its significance for both regions and cities; highlights the need to foster its changes relevant to investing in housing beyond the two current possibilities (energy efficiency and social housing); emphasises the important role that cohesion policy plays in the roll-out and coordination of these initiatives; believes, furthermore, that it is important to include housing affordability in the URBACT initiative;

    21. Stresses the strategic importance of strong external border regions for the security and resilience of the EU; calls on the Commission to support the Member States and regions affected by Russia’s war of aggression against Ukraine, in particular the regions on the EU’s eastern border, by revising the Guidelines on regional State aid[29], through tailor-made tools and investments under the cohesion policy, as well as supporting them to make the most of the possibilities offered by the cohesion policy funds, including Interreg, in a flexible way, to help cope with the detrimental socio-economic impact of the war on their populations and territories; calls, furthermore, for support to be given to regions bordering candidate countries such as Ukraine and Moldova to strengthen connections and promote their EU integration;

    22. Highlights the added value of territorial cooperation in general and cross-border cooperation in particular; underlines the importance of Interreg for cross-border regions, including outermost regions; emphasises its important role in contributing to their development and overcoming cross-border obstacles, including building trust across borders, developing transport links, identifying and reducing legal and administrative obstacles and increasing the provision and use of cross-border public services, among others; considers Interreg as the main EU instrument for tackling the persistent cross-border obstacles faced by emergency services, and proposes that there be a more prominent focus on these services; underlines the fact that cross-border areas, including areas at the EU’s external borders, bordering aggressor countries often face specific challenges; believes that EU border regions, facing multiple challenges, must be supported and is of the opinion that they must be provided with increased means; welcomes the new regulation on BRIDGEforEU; emphasises the importance of small-scale and cross-border projects and stresses the need for effective implementation on the ground; calls on the Commission to encourage Member States to actively support awareness-raising campaigns in bordering regions to maximise the impact of cross-border cooperation;

    23. Recalls the need to ‘support cohesion’, rather than just rely on the ‘do no harm to cohesion’ principle, which means that no action should hamper the convergence process or contribute to regional disparities; calls for a stronger integration of these principles as cross-cutting in all EU policies, to ensure that they support the objectives of social, economic and territorial cohesion, as set out in Articles 3 and 174 TFEU; calls, furthermore, on the Commission to issue specific guidelines on how to implement and enforce these principles across EU policies, paying particular attention to the impact of EU laws on the competitiveness of less developed regions; reiterates that new legislative proposals need to take due account of local and regional realities; suggests that the Commission draw on innovative tools such as RegHUB (the network of regional hubs) to collect data on the impact of EU policies on the regions; to this end, underlines the need to strengthen the territorial impact assessment of EU legislation, with a simultaneous strengthening of the territorial aspects of other relevant policies; insists that promoting cohesion should also be seen as a way of fostering solidarity and mutual support among Member States and their regions; calls on the Commission and the Member States to continue their efforts regarding communication and visibility of the benefits of cohesion policy, demonstrating to citizens the EU’s tangible impact and serving as a key tool in addressing Euroscepticism; welcomes the launch of the multilingual version of the Kohesio platform;

    24. Notes with concern the severe decline in recent years of adequate levels of national funding by Member States towards their poorer regions; recalls the importance of respecting the EU rule on additionality; calls on the Commission to ensure that national authorities take due account of internal cohesion in drafting and implementing structural and investment fund projects;

    25. Insists that, in addition to adjusting to regional needs, cohesion policy must be adapted to the smallest scale, i.e. funds must be accessible to the smallest projects and project bearers; points out that their initiatives are often the most innovative and have a significant impact on rural development; reiterates that these funds should be accessible to all, regardless of their size or scope; approves of the Cohesion Alliance’s call for ‘a post-2027 Cohesion Policy that leaves no one behind’;

    26. Stresses that delays in the MFF negotiations, together with the fact that Member States have placed a greater focus on the programming of the RRF funds, led to considerable delays in the programming period 2021-2027; stresses the importance of a timely agreement in the next framework, and therefore calls for the Common Provisions Regulation (CPR) and the budget negotiations to be finalised at least one year before the start of the new funding period so that Member States can develop their national and regional funding strategies in good time to ensure a successful transition to the next funding period and the continuation of existing ESIF projects;

    27. Instructs its President to forward this resolution to the Council, the Commission, the European Economic and Social Committee, the European Committee of the Regions and the national and regional parliaments of the Member States.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: “Call” for Development Sites in Highland – deadline approaching

    Source: Scotland – Highland Council

    Anyone wishing to gain Council endorsement of a significant building project in Highland should consider responding to the current Call for Development Sites.

    Every 10 years, each council in Scotland must, for its area, prepare a planning document called a local development plan. This document indicates where a council is likely to grant planning permission for different land uses and where it is not.

    Chair of the Economy and Infrastructure Committee, Councillor Ken Gowans said: “Any landowner or developer wishing to gain in-principle support for a project in Highland that it may wish to take forward any time over the next 10 years should act now by submitting a bid in response to the Council’s current “Call” for development sites. All submitted bids will be considered for inclusion in the forthcoming Highland Local Development Plan. “

    Further details about the Call and the Plan are available via the Council’s website.

    Assistant CEX – Place Malcolm MacLeod added: “We have made direct contact with representatives of the development industry active in Highland and placed advertorials in the local press but want to make sure that no-one misses out on this once in 10 years opportunity.”

     If anyone requires information or clarification further to that available online then they can email hldp@highland.gov.uk or phone 01349 886608 and ask to speak to a member of the Development Plans Team.

    The deadline for site submissions is 12 noon on Friday 2 May 2025.

    23 Apr 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Scottish Government on road to climate chaos by scrapping car journey targets

    Source: Scottish Greens

    We badly need to cut the cost of public transport if we are to reduce the number of cars on our roads.

    If we are to reduce car use we need to make public transport affordable, accessible and available for all, says Scottish Green MSP Mark Ruskell.

    Mr Ruskell’s comments come as the Scottish government has dropped a nationwide target to cut the number of car journeys taken in Scotland by 20 per cent by 2030.

    Transport is Scotland’s largest carbon emitter, accounting for 29% of total greenhouse gas emissions in 2022.

    Scottish Greens Transport Spokesperson Mark Ruskell MSP said:

    “The lack of ambition from the Scottish Government is disappointing. Dropping this target won’t change the fact that, since the target was set, there has been a serious lack of action from SNP ministers to meet it.

    “Emissions from transport remain the largest source of pollution in Scotland, and private car use makes up a huge share of that. We’ve known for decades that to tackle the climate emergency, we need to cut car use, and while the Scottish Government has been strong with words, their actions have been lacking.

    “We are on the road to climate chaos. We need to make public transport affordable, accessible and available to all if we are to start cutting emissions.

    “The action we need to be taking is exactly what the Scottish Greens have been pushing to introduce for years: cheaper trains and buses, better connections for rural communities and an end to spending on new unnecessary road building schemes.

    “Making public transport cheaper and more accessible makes the choice to leave the car at home easier for many people. Many commuters want to play their part in reducing our carbon emissions but the cost is simply too high for some. It’s time to make trains and buses cheaper across Scotland.”

    Mr Ruskell added:

    “Whilst in Government, the Scottish Greens introduced the free bus pass for young people, which has been used over 200 million times, we scrapped peak rail fares for a period, which led to 10 million more commuter journeys, and we delivered record investment in active travel infrastructure allowing more people than ever to walk, wheel or cycle.

    “This is the kind of ambition needed to reduce carbon emissions in Scotland, but we need to go further. With more Scottish Green MSPs in Holyrood, we can push for real change to tackle the climate emergency and save commuters money, such as a permanent removal of peak rail fares, a nationwide bus fare cap, and radical investment in Scotland’s railways.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Greens call for end to King’s property tax break

    Source: Scottish Greens

    The Monarchy is an costly and archaic institution.

    Scottish Green MSP Ross Greer has tabled proposals to end the King’s exclusive 100% tax exemption when buying property in Scotland.

    Mr Greer has lodged proposals to the Housing (Scotland) Bill that would close the loophole allowing the King to purchase property in Scotland without paying any Land and Buildings Transaction Tax (LBTT).

    Any other family buying a property worth over £145,000 would pay LBTT at 5-12%, depending on the value of the property.

    This is one of several tax exemptions enjoyed by the monarchy. They are also exempt from taxes reserved to the UK Government including corporation tax, capital gains tax and inheritance tax.

    Mr Greer said:

    “It’s simply unjustifiable that one of the richest men in the country gets a free pass from paying tax because of the family he was born into.

    “The Scottish Greens would obviously scrap the monarchy in a heartbeat, but even royalists must agree that this is an absurd and undeserved perk for someone more than capable of paying his fair share towards our public services.

    “The Crown is an expensive relic, and an insult to democracy. One family should not be allowed to exempt itself from whichever laws it doesn’t want to follow.

    “The Scottish Parliament may not have the power to end every tax perk enjoyed by the Windsors, but we can end this one and set an example for the UK Government to follow.

    “My proposals are a modest but important step towards a fairer Scotland. If Parliament agrees, it would be a powerful statement against entrenched power and privilege.

    “It’s long past time that we challenged rather than pandered to elites who want one rule for themselves and another for the rest of us.”

    MIL OSI United Kingdom

  • MIL-OSI: CORRECTION – Middlefield Global Dividend Growers ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 23, 2025 (GLOBE NEWSWIRE) — In a release issued today by Middlefield Sustainable Global Dividend ETF (TSX: MDIV), please note the source should have read as Middlefield Global Dividend Growers ETF. The corrected release follows:

    Middlefield Global Dividend Growers ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the second quarter of 2025 will be payable to unitholders of Middlefield Global Dividend Growers ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    April 30, 2025 May 15, 2025 $0.06
    May 31, 2025 June 13, 2025 $0.06
    June 30, 2025 July 15, 2025 $0.06


    The trust units trade on the Toronto Stock Exchange under the symbol
    MDIV.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI United Kingdom: Commitment to safeguarding democracy

    Source: Scottish Government

    Civic, faith, trade unions and political leaders commit to action.

    Civic, faith, trade union and political leaders have committed to taking action to safeguard Scotland’s democracy and tackle people’s feeling of being unheard and disempowered.

    At a gathering of representatives from across society, the First Minister described the pledge as demonstrating a ‘strength of unity’ which reflects the democratic values felt by communities across the country. 

    Today’s event saw more than 50 leaders meet in Glasgow to assess the robustness of Scotland’s democratic system. Across the day, there were focused discussions, moderated by civic leaders, on four key themes which are contributing to a breakdown in democratic trust, including:

    • combating inequality and discrimination
    • tackling disinformation and ensuring a trusted media environment  
    • enhancing trust in politics and boosting the accountability of political leaders and democratic institutions
    • strengthening vigilance to electoral interference and encouraging more active democratic participation

    Following discussions, participants considered a mission statement that seeks to provide a framework that can underpin specific actions and solutions to help tackle some of the issues identified.  

    The statement reads:  

    STRENGTHENING AND PROTECTING DEMOCRACY IN SCOTLAND 

    Today, we reaffirm our commitment to safeguard Scotland’s democracy. 

    We recognise many people in our country feel distant from politics or failed by society. They feel unheard and disempowered.  

    We recognise also that much of our public discourse has become polarised and soured. 

    Our starting point has been a recognition of that reality and, alongside this, a recognition also that the solutions, which will be manifold and complex, require a collective response. 

    We have a shared responsibility to map a way forward for Scotland, which is why we are committed to working together to ensure that our democratic structures evolve to meet our democratic ideals and are both trusted and robust. 

    There are certain fundamental principles and values that are already part of our understanding of Scottish democracy, rooted in the creation of the Scottish Parliament, that we believe should shape and guide our work. 

    These are: 

    Participation and openness 

    The sharing of power 

    Accountability 

    Equal opportunity 

    We stand together on these principles and values, recognising that they offer both a foundation on which to build and markers to guide this next stage of our nation’s democratic journey. 

    I pledge my support. 

    Speaking after the event, First Minister John Swinney said: 

    “Our discussion was incredibly powerful and equally inspiring. I am grateful to the many representatives from across Scottish society who shared their honest reflections on the challenges we face, alongside their absolute determination to work together to ensure we stand up for the values and principles we hold so dear. 

    “Today’s event is a pivotal moment for Scotland as we demonstrate our shared commitment to democracy but to make that a reality, we must now work at pace to ensure targeted action delivers results. By coming together, we have started that process, with all participants committed to developing actions that can address some of the root causes of the challenges facing our country. I pledge my government’s absolute support for that work, to ensure we leave no stone unturned in identifying solutions and empowering the disempowered who so often feel left behind. 

    “We can only protect the rights of each citizen, if we protect, strengthen and renew our democratic values. By reaffirming our commitment to safeguarding democracy in Scotland, we have demonstrated a strength of unity which will guide us in our actions.” 

    Following the gathering, political and civic leaders taking part in the press conference pledged their support for the statement. They are: 

    • Anas Sarwar MSP – Leader, Scottish Labour  
    • Alex Cole-Hamilton MSP – Leader, Scottish Liberal Democrats  
    • Patrick Harvie MSP – Co-Convenor, Scottish Green Party  
    • Lorna Slater MSP – Co-Convenor, Scottish Green Party Leader  
    • Ash Regan MSP – Alba parliamentary leader  
    • Roz Foyer – General Secretary of the Scottish Trades Union Congress 
    • Sara Thiam – Chief Executive of Prosper  

    All delegates attending the gathering have been invited to take the statement to their organisation to seek agreement for pledging their support. Work will now be developed in partnership with participants to ensure actions are agreed and taken forward.  

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: DfE Update: 23 April 2025

    Source: United Kingdom – Government Statements

    Correspondence

    DfE Update: 23 April 2025

    Latest information and actions from the Department for Education about funding, assurance and resource management, for academies, local authorities and further education providers.

    Applies to England

    Documents

    Details

    Latest for further education

    Article Title
    Action Further education (FE) college condition allocation for 2025 to 2026
    Information Advanced learner loans (ALL) – funding and performance management rules for 2025 to 2026, and maximum loan amounts
    Information Adult skills fund allocations for 2025 to 2026
    Information Universal infant free school meals (UIFSM) and further education free meals funding rate for 2025 to 2026
    Information Post-16 National Insurance contributions grant
    Information T Level uplift for 2025 to 2026
    Information Tailored Learning – new codes for cost contributions
    Your feedback Narrowing the digital divide in schools and colleges – contribute to the public consultation
    Your feedback Changes to the financial data submissions process for independent training providers, special-post 16 institutions and non-maintained special schools

    Latest information for academies

    Article Title
    Information Universal infant free school meals (UIFSM) and further education free meals funding rate for 2025 to 2026
    Information Allocations for the first payment of the breakfast club early adopters grant for the 2024 to 2025 academic year
    Information Grant allocations for academies for April to August 2025
    Information Budget forecast return (BFR) guidance and workbook update 2025
    Information Post-16 National Insurance contributions grant
    Information T Level uplift for 2025 to 2026
    Information Just launched – the new multi-academy trust (MAT) view on the ‘Plan technology for your school’ service
    Your feedback Narrowing the digital divide in schools and colleges – contribute to the public consultation
    Events and webinars Q&A drop-in sessions: Academies chart of accounts and automation
    Events and webinars Introduction to the academies chart of accounts and automation

    Latest information for local authorities

    Article Title
    Information Universal infant free school meals (UIFSM) and further education free meals funding rate for 2025 to 2026
    Information Allocations for the first payment of the breakfast club early adopters grant for the 2024 to 2025 academic year
    Information Launch of section 251 budget collection 2025 to 2026
    Information Advanced learner loans (ALL) – funding and performance management rules for 2025 to 2026, and maximum loan amounts
    Information Adult skills fund allocations for 2025 to 2026
    Information Post-16 National Insurance contributions grant
    Information T Level uplift for 2025 to 2026
    Information Tailored Learning – new codes for cost contributions
    Your feedback Narrowing the digital divide in schools and colleges – contribute to the public consultation

    Updates to this page

    Published 23 April 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-OSI Global: What does the UK Supreme Court’s gender ruling mean for trans men?

    Source: The Conversation – UK – By Daniel Alge, Senior Lecturer in Criminology & Criminal Justice, Brunel University of London

    Alex Segre/Shutterstock

    The UK Supreme Court ruling backing the “biological” definition of a woman has been hailed by many as providing clarity on the law. But far from the matter being settled, it has raised complex questions, particularly when we consider that half of all transgender people are trans men. It even raises the possibility of trans men being excluded from both men and women’s spaces.

    The court unanimously agreed that, regardless of any gender reassignment or possession of a gender recognition certificate (GRC) recognising them as female, transgender women should not be recognised as women for the purposes of the Equality Act 2010. This means that access to single-sex spaces should be determined by biological gender assigned at birth.

    Meanwhile, the Equality and Human Rights Commission has said it will “pursue” the NHS unless it changes its gender policies. The NHS policies currently state that transgender patients should be accommodated in accordance with their self-identified gender, based on appearance, name and pronouns.


    Want more politics coverage from academic experts? Every week, we bring you informed analysis of developments in government and fact check the claims being made.

    Sign up for our weekly politics newsletter, delivered every Friday.


    For many complex reasons, trans men generally feature far less in the public discourse around trans issues. Trans men are currently under-researched and rarely considered by the mainstream media or academic literature.

    The Supreme Court’s own summary of the case sets out the issue in terms of the definition of “woman”. But it is clear that the judgment applies equally to trans men as it finds that each of the terms “man”, “woman” and “sex” in the Equality Act refer to biological sex. The court concludes that any other definition would be “incoherent and unworkable”.

    The Office for National Statistics estimates there are roughly equal numbers (48,000) of trans men and trans women in England and Wales. This is supported by data from the US, which also shows roughly equal populations of trans men and trans women.

    Issues for trans men

    Those who support a biological definition of sex have framed their position as one which protects women’s rights and keeps women’s spaces safe by excluding men. By legal definition, that now includes trans women. However, it does not include trans men, who would have been born biologically female.

    This judgment means that trans men can be excluded from men’s single-sex spaces. But there may also be cases where they are excluded from women’s spaces too, despite being considered women under the ruling.

    The court found that it might be proportionate to exclude a trans man from a women’s single-sex service such as counselling for survivors of sexual abuse where “reasonable objection is taken to their presence … because the gender reassignment process has given them a masculine appearance…”.

    This statement highlights the flawed legal reasoning around trans men. In most circumstances they are to be treated as women, even if that creates absurdities in practical implementation. And yet, they can also be excluded from some women’s spaces if they appear too masculine. It could be argued that it is this decision which is “incoherent and unworkable”.

    The ruling could create more confusion over who can access single-sex spaces.
    Iryna_Kolesova/Shutterstock

    The Supreme Court decision repeatedly makes the point that “neither possession of a GRC [gender recognition certificate] nor the protected characteristic of gender reassignment require any physiological change or even any change in outward appearance”.

    However, in practice a GRC can’t be issued without a medical diagnosis of gender dysphoria. It is very difficult for an individual to meet the diagnostic criteria for gender dysphoria without making changes to their appearance or pursuing medical transition.

    Testosterone treatment means that trans men may find it easier to “pass” (be perceived as the gender they identify with) than trans women. Testosterone generally causes facial hair to grow, and creates a more masculine physique and a deeper voice without the need for any additional procedures.

    There are no official statistics, but a 2022 report by the advocacy group TransActual found that around 90% of trans respondents have accessed hormone therapy or surgery, or hope to do so in the future.

    This likely means that a majority of the 48,000 estimated trans men in England and Wales are likely to present as masculine, and be perceived as cisgender men. This is where any implementation of the Supreme Court’s ruling becomes complicated.

    Single-sex spaces

    The decision, subject to any future clarification, means that trans men are not permitted to enter men’s single-sex spaces such as men’s toilets, gym changing rooms or hospital wards. Instead, they should use the women’s single-sex spaces including communal changing areas, in accordance with their biological sex.

    The justices briefly considered this issue when they gave the example of an employer requiring that a warden in a women’s or girls’ hostel be female. Before this ruling, such a role would be open to a trans woman with a GRC, but not to a trans man with a GRC.

    The court stated that “a biological definition of sex would correct this perceived anomaly”. However, this means that the warden in the girls’ hostel can now be a trans man, who could well be indistinguishable from a cis man to the residents of the hostel.

    There is also the concern that both trans men and trans women will expose themselves to a greater risk of harassment, which has already increased considerably, if they are forced to out themselves by using facilities which don’t align with the gender they present as.

    Daniel Alge does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. What does the UK Supreme Court’s gender ruling mean for trans men? – https://theconversation.com/what-does-the-uk-supreme-courts-gender-ruling-mean-for-trans-men-254868

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Manchester City Council News 23 Apr 2025 St George’s Day Parade returns to Manchester

    Source: City of Manchester

    The St George’s Day Parade, a beloved fixture in Manchester’s event calendar for over 19 years, returns this year with its vibrant celebration of England’s rich heritage and community spirit (27 April).  

    Originating from a grassroots organisation, this true community event has grown to become a popular, family-friendly celebration that showcases the diverse and eclectic idea of what it means to be English.  

    The parade aims to celebrate the nation’s spirit and the country’s achievements, particularly those that embody fairness, community, equality, and hard work.  

    This year’s parade will be held on April 27, starting from Varley Street at 12 noon. To note, although the Manchester Marathon is being held the same day, the two events are not expected to impact each other.  

    The parade will commence at Varley Street, turning left onto Oldham Road (southbound only), and will travel towards the city, crossing over Great Ancoats Street to Oldham Street.  

    It will then turn left on Piccadilly, left on Newton Street, left on Dale Street, right on Lever Street, left on Great Ancoats, right on Oldham (northbound only), right on Butler Street, left on Bradford Road, and finally left back to Varley Street. 

    The parade will feature performers on decorated floats. As in previous years, a cavalcade of up to 300 mopeds will join the parade for part of the route, along with a regal Queen Victoria in a royal carriage, a blue dragon towering at 7ft and an array of community groups across Manchester.  

    The parade is expected to take approximately 1 hour and 45 minutes to complete the route. 

    The event is managed by the St George’s Day Committee with support from Manchester City Council and other partner agencies. 

    Councillor Pat Karney, City Centre Spokesperson, said: “I’m thrilled to see the return of the St George’s Day Parade in our incredible city which serves as a reminder and reflection of our proud heritage. This is a day for families, friends and neighbours to come together to celebrate the true meaning of community.  

    “The parade will be a colourful display of Manchester and our nation’s history, a reminder of our achievements and a proud celebration of our shared, diverse nation. I look forward to seeing thousands of Mancunians come together and I hope to see you there.” 

    Thelma McGrail, Chair of the St George’s Day organising committee, said:  “Manchester’s St George’s Day Parade, celebrating England’s Patron Saint, has been an annual event for the last 19 years, this being the 20th. The parade itself is abundant in diversity, growing each year, uniting all communities. The event receives a huge amount of support before and on the day of the parade with hundreds of participants and thousands of spectators.”

    Proposed road closure timings 

    • Depart Varley Street at 12.00 – Arrive Varley Street 14.15 
    • Varley St from Ridgeway St to Oldham Rd 09.00 – 16.00 
    • Oldham Rd from Varley St to Grt Ancoats 12.00 – 14.30
    • GrtAncoats St from Oldham Rd to Newton St 12.30 – 12.45 
    • (Hold Traffic) • Oldham St from Grt Ancoats to Piccadilly 12.30 – 14.00
    • Piccadilly from Oldham St to Newton St 12.30 – 14.00
    • Newton St from Piccadilly to Grt Ancoats 12.30 – 14.00
    • Dale St from Oldham Rd to Newton St 12.30 – 14.00
    • Lever St from Dale to Great Ancoats Street 12.30 – 14.00
    • Great Ancoats St from Lever St to Oldham Rd 13.30 – 13.45
    • (Hold Traffic) • Oldham Rd from Grt Ancoats St to Butler St 12.30 – 14.00
    • Butler St from Oldham St to Bradford Rd 12.30 – 14.30
    • Bradford Rd from Butler St to Varley St 12.30 – 14.30

    MIL OSI United Kingdom

  • MIL-OSI: Willis Lease Finance Corporation Fuels Teesside’s Economic Takeoff with Bold Expansion Investment Starting with Construction of a State of the Art Two-Bay Narrowbody Maintenance Hangar

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., April 23, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce its subsidiary, Willis Aviation Services Limited (“WASL”), a leading aircraft maintenance, repair and overhaul (“MRO”) provider, has commenced construction of an additional two-bay narrowbody hangar at its growing operations at Teesside International Airport (“Teesside”) in Northeastern England. The new hangar will be equipped for 737 and A320 family aircraft, including new-generation models.

    Demand for aircraft heavy maintenance is exceptionally high, with global and European capacity falling short. Airlines must plan ahead to secure maintenance slots, as most MROs are at full capacity, making last-minute bookings difficult. The Company’s expansion plans add capacity to the UK’s MRO sector, addressing this industry gap. The new facility is expected to create a significant number of new highly-skilled jobs at Teesside. In partnership with local universities and colleges, WASL has laid the groundwork to launch training programs for new mechanics and apprentices, creating a sustainable pipeline of talent that supports both immediate operational needs and long-term skill development in the region.

    “We made a promise to create several hundred jobs in Northeast England, and we are proud to be delivering on that commitment. We are following through on our pledge to establish and expand our services in this region and beyond. Our integrated services businesses support third-party customers, as well as the Company’s owned and managed assets, driving meaningful growth and opportunity in the communities we serve,” said Austin C. Willis, Chief Executive Officer of WLFC.

    Willis Lease Finance Corporation
    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

     CONTACT: Lynn Mailliard Kohler
      Director, Global Corporate Communications
      (415) 328-4798

    The MIL Network