Economy & Enterprise
Stories about Economy & Enterprise

Exeter real-terms wages fall while increasing in neighbouring districts
Devon Public Health Intelligence index also scores several Exeter neighbourhoods among highest combined relative poverty risk areas in county.

Exeter Business Improvement District wins ballot for third five-year term
Just under half of 670 businesses eligible to vote took part, 90% voting in favour of renewal.

Singapore hospitality group buys Hotel Indigo Exeter for £19.4 million
Sale of converted House of Fraser department store announced one week after Frasers Group purchase of adjacent Princesshay shopping centre.
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Exeter Business Improvement District seeks third five-year term to April 2030
Eligible city centre businesses to decide by ballot whether InExeter should continue providing services and support in return for 1.25% levy charged against premises with £7,500+ rateable value.

Frasers buys Princesshay shopping centre as part of wider retail space acquisition
Mike Ashley-owned sports goods and retail group buys 400,000 square feet centre outright from The Crown Estate and Nuveen for a reported £80 million.

Paternoster House flats described as “blueprint for Exeter’s future” marketed for rent at up to £3,500 per month
Standard minimum earnings eligibility threshold to rent each of four city centre flats so far completed ranges from £71,500 to £104,000 per annum, three times Exeter median wages, while best-paid 10% in Devon earn £52,400.