Latest news with #Multiply
Leader Live
13-06-2025
- Business
- Leader Live
How UK Government's Shared Prosperity Fund helped Flintshire
Flintshire County Council received more than £12.4m from the UK Government's Shared Prosperity Fund and used the money to support 26 projects. The project's aim to improve employment opportunities, foster business growth, and upgrade important amenities. The financial aid, distributed between 2022-2025, focused on three main themes: communities and place, people and skills, and supporting local businesses. The fund also supported 'Multiply', an initiative to boost adult numeracy skills. As a result of the investment, data shows that about 15,000 people now have a more positive perception of their local facilities, such as social clubs and community hubs, with 6,073 more residents using these amenities than before. Graham Wilson (left), Dylunio Solutions Design Director, and Matt Groves (right), AMRC Cymru Manufacturing Research Engineer, with the respiratory mask for military dogs which ADAPTS helped produced. (Image: Supplied) Flintshire town centres saw significant improvements, including the redevelopment of 13 commercial properties, financial support for 48 events and activities, and bespoke advice for more than 50 businesses. Many sites also underwent environmental enhancements. Projects like Flintshire County Council's Strength in Numbers and LEAP, as well as WeMindTheGap's Minding the Gaps of Young People project, have boosted the confidence and skills of youngsters and adults across the county, resulting in 1,709 people gaining a qualification and a further 2,693 people engaged in education or training to improve their employment prospects. Gordon Elliot, owner and optometrist at Roberts and Polson Opticians who beneffited from the Flintshire County Council's Town Centre Property Improvement Grant (TCPIG), Flint, with Practice Manager, Sue Polson. Around 1,383 Flintshire firms received support, with 429 businesses adopting new innovative technologies and/or processes, and 203 decarbonisation plans developed in line with Wales' net zero by 2050 target. Design consultancy Dylunio Solutions, for example, received a smart workbench to aid the design and development of a military canine respiratory system. READ MORE: Residents left waiting weeks for Flintshire garden waste collection Councillor Chris Dolphin, Flintshire County Council cabinet member for economy, environment, and climate, said: "From the increased usage of community facilities to the adoption of green technologies, the positive effects of the UKSPF are evident across Flintshire. "Thanks to the financial support from the UK Government, the county is well placed to go from strength to strength over the coming years and I hope we see the benefit to the Flintshire economy and an overall greater sense of pride within residents towards their local area." To learn more about the successes of the UKSPF in Flintshire, visit:
Business News Wales
11-06-2025
- Business
- Business News Wales
Key Funding Sees Flintshire Organisations and Communities 'Flourish'
A multi-million-pound UK Government-funded programme has significantly benefitted Flintshire residents, with communities upskilled, local facilities enhanced, and business productivity increased, the local authority says. Having received more than £12.4 million from the UK Government Shared Prosperity Fund (UKSPF), Flintshire County Council has supported 26 projects to improve employment opportunities, foster business growth, and upgrade key amenities. The financial aid was delivered between 2022-2025 and encompassed three core themes: communities and place, people and skills, and supporting local business alongside 'Multiply', which was designed to increase adult numeracy skills. Thanks to the investment, data revealed that close to 15,000 people have a more positive perception of their local facilities, such as social clubs and community hubs, with 6,073 more residents using the amenities than before. For example, town centres across Flintshire benefitted from the county council's Town Centre Investment Programme with 13 commercial properties redeveloped, 48 events and activities financially supported, and more than 50 businesses receiving bespoke advice, as well as numerous sites undergoing environmental enhancements. In addition, projects such as Flintshire County Council's Strength in Numbers and LEAP (Learn, Explore, Achieve, Perform), as well as WeMindTheGap's Minding the Gaps of Young People project, have improved the confidence and skills of youngsters and adults across the county Results showcase that through such schemes, 1,709 people have successfully gained a qualification, with a further 2,693 people in education or training to boost their employment prospects. Some 1,383 Flintshire firms also received support, with 429 businesses adopting new innovative technologies and/or processes, and 203 decarbonisation plans developed in alignment with Wales' net zero by 2050 target. One such enterprise was design consultancy Dylunio Solutions, which received a smart workbench to streamline the design and development of a military canine respiratory system thanks to the UKSPF-funded AMRC Cymru Accelerating Decarbonisation and Productivity Technology and Skills (ADAPTS) scheme. Alongside business support, strengthening adults' numeracy skills was a key focus for the county which delivered its Multiply programme; a project that saw 1,513 people participate in maths qualifications and courses. Councillor Chris Dolphin, Flintshire County Council cabinet member for economy, environment, and climate, said: 'From the increased usage of community facilities to the adoption of green technologies, the positive effects of the UKSPF are evident across Flintshire. 'Thanks to the financial support from the UK Government, the county is well placed to go from strength to strength over the coming years and I hope we see the benefit to the Flintshire economy and an overall greater sense of pride within residents towards their local area.'
Yahoo
21-05-2025
- Business
- Yahoo
Securitize's Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands
A tokenized version of Apollo's private credit fund, issued by Securitize, will arrive on Solana's SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network. The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo Diversified Credit Securitize Fund (ACRED) token the first of its kind to be available for on-chain borrowing and leverage on Solana. The token's debut is pending on completing an audit, Kamino said. The ACRED token, launched in January, offers exposure to Apollo's private credit strategies and is issued under Securitize's regulated token framework. ACRED will also be the first token on Solana using Securitize's sToken standard, with more assets expected to follow later, Securitize said. The product underscores a growing appetite in crypto for real-world asset (RWA) tokenization. RWAs—traditional instruments such as funds, bonds or real estate—are being brought onto blockchain rails to reduce friction in investing, improve access and transparency, and allow for programmable use in DeFi protocols. In practice, this means investors can use RWAs as collateral to borrow against, yield farming, or plug into automated investment strategies. "The value of tokenization really comes into play when these assets are integrated into DeFi, and new products and strategies are developed around them," says Reid Simon, head of DeFi and credit solutions at Securitize. Despite Solana's fast-growing DeFi market, RWAs are yet to take off on the chain. According to Solana hosts $330 million worth of RWAs, small compared to the network's nearly $9 billion DeFi market size. It's also trailing rival layer-1 network Ethereum's $7 billion real-world asset market. But with large players in tokenization stepping in, backers of the launch see this as a tipping point. "Solana has experienced explosive consumer growth in recent years, but below the surface we are seeing enormous interest from institutions and asset issuers," said Marius Ciubotariu, co-founder at Kamino, "Finally, the industry is in a position to not only bring these assets on-chain, but to provide genuine use-cases." Through Kamino's Multiply product, users will be able to leverage ACRED for yield strategies—automatically looping the asset to increase exposure while managing collateral and borrow levels through Solana-native smart contracts. That's a similar offering to what Gauntlet introduced on Polygon in late April. "Building on off-chain credit assets in a composable way is the sort of long-term investment we believe can help catalyze further growth of DeFi in Solana," said adcv, co-founder of Steakhouse Financial. CORRECTION (May 20, 20:15 UTC): Clarifies that ACRED is a tokenized feeder fund investing in a diversified credit fund managed by Apollo. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
26-03-2025
- Business
- Zawya
Tabreed exploring bid for Multiply's district cooling business, sources say
Engie-backed National Central Cooling Co, also known as Tabreed, is exploring a bid for Multiply Group's district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Tabreed is working with Citi on the potential offer for Multiply's PAL Cooling Holding (PCH), said the two sources, declining to be named as the matter is not public. Tabreed and Citi declined to comment. Multiply did not respond to a request for comment. Abu Dhabi-based investment holding company Multiply is controlled by IHC. District cooling plants, which deliver chilled water via insulated pipes to cool offices, industrial and residential buildings, have been developed as a more economical and environmentally friendly alternative to air conditioning. They are popular in the United Arab Emirates and elsewhere in the Arabian Peninsula, where summer air temperatures can soar above 50 degrees Celsius (122 Fahrenheit). Founded in 2006, PCH has several plants in Abu Dhabi with a combined design capacity of 242,000 refrigeration tonnes (RT), according to its website. It benefits from long-term agreements with clients including developers Aldar and Reem Developers, which are riding a construction boom across the Gulf country, including in the capital city. Tabreed's possible bid follows a deal announced last year under which it was awarded the concession to provide district cooling to Dubai's Palm Jebel Ali, a man-made palm-shaped island double the size of the world-famous Palm Jumeirah. Palm Jebel Ali, which is being re-developed after years of inactivity due to a real estate crash, is projected to host over 80 luxury hotels and resorts and attract around 35,000 families. Bloomberg had previously reported that Multiply was considering selling the division and was working with Standard Chartered on the deal. (Reporting by Andres Gonzalez in London and Hadeel Al Sayegh in Dubai, additional reporting and writing by Federico Maccioni, editing by Anousha Sakoui and Sharon Singleton)
Reuters
26-03-2025
- Business
- Reuters
Tabreed exploring bid for Multiply's district cooling business, sources say
LONDON/DUBAI, March 25 (Reuters) - Engie ( opens new tab -backed National Central Cooling Co ( opens new tab, also known as Tabreed, is exploring a bid for Multiply Group's district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Tabreed is working with Citi (C.N), opens new tab on the potential offer for Multiply's PAL Cooling Holding (PCH), said the two sources, declining to be named as the matter is not public. Tabreed and Citi declined to comment. Multiply did not respond to a request for comment. Abu Dhabi-based investment holding company Multiply ( opens new tab is controlled by IHC ( opens new tab, whose chairman is Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and brother of the country's president who controls a sprawling business empire. District cooling plants, which deliver chilled water via insulated pipes to cool offices, industrial and residential buildings, have been developed as a more economical and environmentally friendly alternative to air conditioning. They are popular in the United Arab Emirates and elsewhere in the Arabian Peninsula, where summer air temperatures can soar above 50 degrees Celsius (122 Fahrenheit). Founded in 2006, PCH has several plants in Abu Dhabi with a combined design capacity of 242,000 refrigeration tonnes (RT), according to its website. It benefits from long-term agreements with clients including developers Aldar ( opens new tab and Reem Developers, which are riding a construction boom across the Gulf country, including in the capital city. Tabreed's possible bid follows a deal announced last year under which it was awarded the concession to provide district cooling to Dubai's Palm Jebel Ali, a man-made palm-shaped island double the size of the world-famous Palm Jumeirah. Palm Jebel Ali, which is being re-developed after years of inactivity due to a real estate crash, is projected to host over 80 luxury hotels and resorts and attract around 35,000 families. Bloomberg had previously reported that Multiply was considering selling the division and was working with Standard Chartered on the deal.
