Lincolnshire's Bus Services Receive £6 Million Boost for Enhanced Connectivity

Lion Herald Newsletter | Issue #6 - Friday October 27, 2023 | Lincoln, UK

October 27, 2023

Happy weekend, Dear Lion Herald Reader!

We hope you've had a productive week commuting back and forth from your community. During this time, we hope you found a moment to read our Lion Herald publications. Now, let's dive into the latest updates:

Lincolnshire is on the cusp of a transportation improvement! The UK government is injecting a remarkable £6 million into the enhancement of bus services, and it's all part of a massive £150 million national investment driven by savings from the HS2 (High-Speed 2) project.

In North Lincolnshire, communities like Ashby, Brigg, Barton, Scunthorpe, and the Isle of Axholme are set to witness significant improvements. The aim is to keep families and communities seamlessly connected, making work and education more accessible.

This investment is a crucial step in leveling up the region, and it's just the beginning of a broader plan to invest £1 billion of HS2 savings for long-term improvements in bus services across the Midlands and the North.

The Prime Minister on October 4th, 2023 unveiled an ambitious plan that reshapes the UK's transport infrastructure. This plan is centered around the idea of enhancing the modes of transportation people use in their daily lives. It's designed to vastly improve travel within cities, between towns, and across local areas, benefiting a larger number of people more swiftly.

The "Network North" initiative is at the heart of this transformation, promising reduced journey times, increased capacity, and more reliable services across rail, buses, and roads.

This marks a significant shift in investment priorities, moving away from the HS2 project, which had its focus redirected towards the daily transportation needs of the general population. The plan allocates substantial funds to enhance transport infrastructure in the North and the Midlands, and it underlines the government's response to the evolving demands of modern commuters.

Thanks for reading!

Fabrice Iranzi, Lion Herald

Tech Headlines Today

The UK Space Agency is investing £3.5 million in RFA UK, a satellite launch company affiliated with Rocket Factory Augsburg AG (RFA AG), to support its plans for launching from the SaxaVord Spaceport in Shetland, Scotland. This funding, part of the European Space Agency's Boost! Programme, will enable RFA UK to establish the infrastructure and testing equipment necessary for launching the RFA ONE satellite rockets. The RFA ONE rocket, known for its efficient and environmentally friendly Helix staged-combustion engines, stainless steel tanks, and use of standardized components, represents a significant advancement in launch technology, capable of deploying payloads of up to 1,300 kg into a 500 km polar orbit. This investment is expected to create approximately 90 skilled jobs in the region, contributing to the growth of the Scottish space industry. SaxaVord Spaceport in Shetland continues to evolve as a comprehensive hub for space activities, offering ground station services, a satellite payload processing facility, and a commitment to sustainability.

London-based fintech firm Multifi has secured £10 million in fresh loan capital to enhance its credit facilities for UK small businesses. Multifi specializes in credit services for small and medium-sized enterprises (SMEs) and offers SME loans up to £200,000 to streamline the process. The funding, made possible through a partnership with London's Fasanara Capital, underscores asset managers' growing interest in fintech and the transformation of finance through technology-driven solutions. Multifi's mission is to empower businesses across various sectors, transforming financing from a barrier into a catalyst for success, offering unsecured and revolving credit with competitive interest rates to support SME growth and alleviate cash flow issues.

Thanks for joining us in this edition of the Lion Herald Newsletter. We hope you've found inspiration and valuable insights to fuel your tech and innovation journey. Remember, every idea counts, and together, we can turn them into real-world solutions. Stay curious, stay innovative, and stay tuned for more exciting stories in our next issue!

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