United Kingdom : Nats And London Gatwick Airport Launches Airspace Consultation [tendersinfo (india)]

Started on 15 October, the London Airspace Consultation (LAC) will run until January 21, focusing on planned airspace alterations over southern England as well as to help with the upgradation of the UK s airspace structure. LAC seeks at receiving local feedback on Gatwick’s airspace motorway network , and to modernise airspace with new technology. Head of corporate responsibility at Gatwick, Tom Denton, said, Gatwick is committed to leading the way in terms of airspace innovation and operation, which is why we were so keen to be the first major UK airport to work with NATS to fully review and consult on our airspace. This consultation is said to be part of a wider programme of proposed changes to deliver the UK s Future Airspace Strategy developed by the Civil Aviation Authority with the support of the aviation industry. Denton added, This project gives us an opportunity to further reduce the number of people affected by noise, as well as focus on further reducing Co2 emissions and air quality impacts. Therefore this is an important time for local people and those who live within our flight paths, who now have a once in a lifetime opportunity to give their feedback and influence the future of our airspace. Upon completion, outcomes of the consultation will be made available online for stakeholders and the public to view and give their opinions. (c) 2013 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company

Cleantech Investment in United Kingdom Tops $36 Million in 3Q13

- Higher than previously projected budget deficits and debt primarily reflects the weak growth performance of the UK economy in recent years, partly due to headwinds of private and public sector deleveraging and the eurozone crisis. Fitch has revised down its forecast economic growth in 2013 and 2014 to 0.8% and 1.8%, respectively, from 1.5% and 2.0% at the time of the last review of the UK’s sovereign ratings in September 2012. The UK economy is not expected to reach its 2007 level of real GDP until 2014, underscoring the weakness of the economic recovery. - Despite significant progress in reducing public sector net borrowing (PSNB from a peak of 11.2% of GDP (GBP159bn) in 2009-10, the budget deficit remains 7.4% of GDP (excluding the effect of the transfer of Royal Mail pensions) and is not expected to fall below 6% of GDP and GBP100bn until the end of the current parliament term. The slower pace of deficit reduction means that the next government will be required to implement substantial spending reductions (and/or tax increases) if public debt is to be stabilised and reduced over the medium term. The Stable Outlook on the UK’s sovereign ratings reflects the following factors. - Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. - The long average maturity of public debt (15 years) - the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. - The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis. - The gradual improvement in the UK banking sector’s capital and liquidity position has further reduced contingent liabilities arising from this sector. The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers.

Fitch Downgrades United Kingdom to ‘AA+’; Outlook Stable

Markets closed Cleantech Investment in United Kingdom Tops $36 Million in 3Q13 i3 Market Intelligence Platform Shows UKs Year-to-Date Investment Totals at $232 Million Press Release: Cleantech Group Inc. Wed, Oct 16, 2013 4:30 AM EDT Related Content SAN FRANCISCO-(BUSINESS WIRE)- Cleantech Group , provider of the i3 market intelligence platform and global consulting services, today released preliminary 3Q13 results from i3 . The firm reported that in the United Kingdom, clean technology venture investment during the quarter totaled $36 million, bringing the year-to-date total to $232 million. According to data in i3, United Kingdoms top deals and their investors were: Plaxica , an Advanced Materials company, raised $12.6 million from Imperial Innovations , NESTA , and Invesco Perpetual in a growth equity round Sefaira , an Energy Efficiency company, raised $9.2 million from Silicon Valley Bank , Braemar Energy Ventures , Chrysalix SET , and Hermes GPE in a debt & equity round Clean Air Power , a Transportation company, raised $7.8 million from Ervington Investments in a growth equity round Syrinix , a Water & Wastewater company, raised $3.1 million from Low Carbon Innovation Fund , Angel CoFund , and London Business Angel Network in a Series A round Synthace , an Advanced Materials company, raised $2 million from Sofinnova Partners in a seed round Efficiency continues to shine in 2013, leading the cleantech sector in terms of number of deals completed. Transportation saw considerable traction in Q3 2013, thanks in large part to Ubers $258 million funding round led by Google Ventures and TPG Capital, said Sheeraz Haji, Chief Executive Officer of Cleantech Group. Our i3 market intelligence platform reports that investor interest in software or cleanweb technologies is starting to scale, while the Agriculture and Advanced Materials sectors are making strong headway and are well-positioned to gain significant market traction in the years to come. i3 tracks the latest deals, trends, and insight into innovation, with data for over 22,000 companies across 18 sectors. The product also allows users to identify innovation clusters around the world, drill down into taxonomy for 18 sectors, and pursue company discovery. While the bulk of the data is only accessible by subscribers, a subset of data has recently been made available in i3. About Cleantech Group Inc. Cleantech Group helps clients accelerate sustainable innovation. The companys i3 market intelligence platform, which tracks over $7 billion of deal flow across 22,000 cleantech companies annually, allows subscribers to discover companies and explore resource technology trends strategically with proprietary real-time data. Cleantech Forums bring together thought leaders and innovators in the cleantech and sustainability ecosystem. The companys Advisory Services leverage expertise in designing and executing corporate strategies for sustainable growth and innovation sourcing.