Red Funnel sold to pension scheme consortium
Red Funnel is to be sold to a consortium of UK and Canadian pension schemes led by the West Midlands Pension Fund and the Workplace Safety and Insurance Board of the Province of Ontario. Infracapital, the infrastructure equity investment arm of M&G Investments,...
“Support local shops and businesses” during IW Festival
Island residents are being reminded that Newport will be "open for business as usual" during the Isle of Wight Festival. Tens of thousands of festival goers will arrive onsite from Thursday and the one-way travel system around Fairlee Road will be in place from...
Solent LEP seeking new director candidates
The Solent Local Enterprise Partnership (LEP) is seeking prominent business leaders to join its Board of Directors. The Solent LEP board takes responsibility for shaping economic strategy in the region, including the development of a Strategic Economic Plan for the...
Ascensos to open 600 job contact centre on Isle of Wight
Scottish-based contact centre management specialist, Ascensos, announces today (Monday 22nd May) that the company is to open a new customer service centre on the Isle of Wight, creating up to 600 new jobs. The new facility, located in Cowes, will handle inbound...
IW Council leader and cabinet appointed
At the first meeting of the newly elected Isle of Wight Council following the local government elections of 4 May, Councillor Dave Stewart, leader of the Conservative Group, which holds 25 of the 40 seats on the council, was elected its leader until the next local...
Ransomware update from Hampshire Constabulary
Hampshire Constabulary is working to support the National Crime Agency (NCA) and City Of London Police, who are leading on the response to the international co-ordinated Wanna Cry ransomware attack. Whilst the attack is very much under control at this stage, it is...
More Ransomware Attacks Likely
The NCSC's latest statement regarding the international cyber incident. The latest statement from the NCSC (14/05/17): Since the global coordinated ransomware attack on thousands of private and public sector organisations across dozens of countries on Friday, there...
Nine new apprentices for Hovertravel
Hovertravel has embarked on an ambitious initiative to recruit nine new apprentices for positions across their business. The Hovertravel team are still looking for six people to join the business in engineering, finance and operations. Neil Chapman, Managing Director...
Council regeneration strategy could create 600 jobs
Up to 600 jobs could be created on the Isle of Wight, from September 2017, with the support of the Isle of Wight Council’s regeneration programme - subject to a decision of its new Executive on 18 May. In line with the council’s Regeneration Strategy, this major...
Isle of Wight Council election results
Results of the Isle of Wight Council elections announced at Newport this morning show: 25 Conservative; 8 Independent; 3 Other/Unknown; 2 Liberal Democrat; 1 Labour; 1 Green. The complete breakdown of results for all wards is available...
Island Business July / August 2025
