IN THE NEWS
Creechurch Capital scoops Best in Class for Boutique Wealth Management Services Creechurch Capital has been awarded ‘Best in Class for Boutique Wealth Management Services’ in the prestigious Professional Adviser International Fund & Product Awards 2014. Taking home the same title at the awards in 2013, Creechurch Capital was not to be knocked off the top spot this year and impressed the judges with its absolute commitment to service and vision to deliver a personalised, agile model to meet the needs of its clients. The Professional Adviser awards celebrate organisations that are at the cutting edge of delivering financial products and services internationally and each company is judged on its involvement at local and international level, future growth prospects and commitment to new initiatives.
Speaking of the award win, John Greenwood, CEO at Creechurch Capital said: “Receiving this accolade is testament to the hard work and unwavering dedication of the Creechurch team who have worked to deliver a truly bespoke service to each of our clients. Our ambition of becoming a truly boutique and personalised investment manager would not be possible if wedid not have such a high-calibre team who share the same values”. Commenting on those achieving success in this year's awards, chair of the judging panel, Deborah Benn said: "This year was probably the most closely fought set of awards ever. The quality of entries was particularly high; which meant the judges had a real task on their hands in terms of coming up with outright winners. It was interesting to see how entrants are coping with competitive pressures and tackling the continued evolution of the regulatory environment and we will no doubt see what effect new strategies will have on business propositions over the coming year.
Investment in Food Park will boost economy The final phase of a food park being built in Peel would provide a further valuable boost to the economy, Tynwald will be told this month. Phil Gawne MHK, Minister for Environment, Food and Agriculture (DEFA), will seek the Court’s approval to spend £915,000 to complete a project begun in 2010. DEFA and the Department for Economic Development (DED) are creating the centre of excellence for the food production industry in Mill Road Yard. This third phase would bring the final cost of the planned work to £2.9 million. Phase one was approved by Tynwald in spring 2012 and is up and running. Phase two was given the go-ahead in May 2013 and construction will be completed in July. Seventy jobs have already been created at the Park and it has been estimated that, once it’s complete, this number will rise to 125. Phase three would create three new vacant plots that would house 1,220 square metres of industrial units and would see utilities and roads in the already occupied southern half of the Park improved, Minister Gawne said. The land is owned by the Department. The economy would receive a considerable boost from the final phase of the park, Minister Gawne said.
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‘By providing a centre of excellence for the food production industry, the opportunity exists to maximise the industry’s contribution to the Isle of Man’s economy,’ he said. The DED – which has identified the development of the Food Park as a key priority – has awarded grants to companies expanding on the site and there is already keen interest from producers in occupying phase three, Minister Gawne said. Work to complete the park would create 416 man weeks of labour, worth an estimated £290,000, which it is anticipated will solely be paid to Manx workers. The new units themselves could generate more than £1 million of work for the construction industry. Private sector development of the plots created in phase two is already planned. ‘This long term commitment to the Food Park and the investment by the Government into the project will reap dividends for the industry,’ said the Minister.