Tag Archives: HM Government

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News story: Developing a modern industrial strategy

We are building an industrial strategy to deliver a high-skilled, competitive economy that benefits people throughout the UK.

Our economy has great strengths, but while many people, places and businesses are thriving, opportunities and growth are still spread unevenly across the country.

We are developing a modern industrial strategy. We want to build on our strengths to enable all parts of the country to succeed: helping to deliver a high-skilled, competitive economy that benefits people throughout the UK.

The Industrial Strategy green paper, ‘Building our Industrial Strategy’, will be available here this afternoon.

PDF, 596KB, 1 page

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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News story: CMA accepts remedies in convenience store merger

The CMA has accepted Co-op’s proposals to remedy competition concerns over its purchase of a My Local store in Widnes, Cheshire.

On 19 October the Competition and Markets Authority (CMA) announced that the Co-operative Foodstores Ltd’s (Co-op) acquisition of 8 My Local convenience stores gave rise to competition concerns only in Widnes, Cheshire where Co-op already owned 3 convenience stores in close proximity to each other.

On 17 November 2016 the CMA launched a public consultation on Co-op’s proposal to sell 2 of its convenience stores in Widnes – CGL Hough Green and CGL Farnworth – to an approved buyer or buyers. No issues were raised regarding the ability of the proposal to remedy the CMA’s competition concerns.

The CMA is satisfied that Co-op’s undertakings to sell the 2 convenience stores to an approved buyer or buyers resolves its competition concerns. The merger will not be referred for an in-depth phase 2 investigation. Co-op must now sell the 2 stores within a maximum of 3 months to a buyer that the CMA will approve.

All information relating to this investigation can be found on the case page.

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