Finance

South West bounces back as magnet for overseas business investment, outpacing London for growth

July 12, 2024
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South West bounces back as magnet for overseas business investment, outpacing London for growth

More than 6,000 jobs were created across the South West last year as investment by overseas firms in the region recovered to its strongest for six years. The South West attracted 43 Foreign Direct Investment (FDI) projects in 2023 – a 23% increase on the previous year and the highest total since 2017.  According...

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Pearson May financial round up

July 11, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Growth guarantee scheme sets 2026 target Initiative is set to support 11,000 small businesses. Click here to find out more Four-day week ‘improves productivity’ Trial boosts performance and staff retention. For more details, click here

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New-look board of directors appointed at Old Mill positions it for new period of expansion

July 9, 2024
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New-look board of directors appointed at Old Mill positions it for new period of expansion

South West accountancy and finance group Old Mill has a new-look board of directors as it continues to target growth. The six-strong board at the firm, which has offices in Chippenham, Wells, Yeovil and Exeter, includes a managing director for the first time.  This new role will focus on running the firm and delivering...

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Period of major economic growth forecast for the region following General Election, survey says

July 5, 2024
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Period of major economic growth forecast for the region following General Election, survey says

Nearly half of South West businesses believe the General Election will lead to significant economic expansion in the region over the next six months, a new survey has revealed. Research commissioned by accountancy firm Monahans, which has seven offices in the region, including in Bath, shows 47% of business owners are confident that market...

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Business West urges new Labour government to invest in region so it can meet its full economic potential

July 5, 2024
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Business West urges new Labour government to invest in region so it can meet its full economic potential

The organisation behind Bath Chamber of Commerce has called on the newly elected government to ensure the West of England’s potential is fully harnessed, including investing in its growth sectors such as green energy. Business West welcomed Labour’s commitment to an “enduring partnership” with business to deliver the economic growth and stability that the...

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‘Clear strategy’ for growth pays off at Time Finance as profits and revenues continue to tick up

July 5, 2024
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‘Clear strategy’ for growth pays off at Time Finance as profits and revenues continue to tick up

Time Finance, the Bath-headquartered alternative finance lender, has hailed the success of its strategy after clocking up strong increases in revenues and profits. The firm, which specialises in a range of funding services spanning invoice finance, business loans and asset-based lending, has grown rapidly in recent years after deciding to concentrate on own-booking lending.  ...

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Recruitment headaches mount for West of England businesses as skills shortages show no signs of easing

July 5, 2024
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Recruitment headaches mount for West of England businesses as skills shortages show no signs of easing

Nearly seven in 10 West of England firms have struggled to recruit staff over the past three months, particularly for skilled manual/technical and professional/managerial roles, according to a major new survey. Despite this problem, 79% of firms are looking to take on full-time workers and just under half are offering permanent positions, the latest Quarterly...

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Bath Business Blog: Business against Poverty. How corporate philanthropy can deliver a competitive edge for business

July 3, 2024
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Bath Business Blog: Business against Poverty. How corporate philanthropy can deliver a competitive edge for business

Registered charity People against Poverty set up its business community – Business against Poverty (BaP) – more than15 years ago. It offers purpose-led donor organisations a network to link up with a vibrant and engaged community of like-minded businesses and impact positively on extreme poverty in six countries, including the UK.  People against Poverty...

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Pearson May financial round up

June 27, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Hidden pension fees can cost £37,000 Most are unaware of the charges. Click here to find out more Tax revenues surge despite NI cuts Frozen thresholds and higher rates boost income. For more details, click here

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Bath firms urged to commit to flexible and nature-based summer fundraiser for city youth charities

June 25, 2024
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Bath firms urged to commit to flexible and nature-based summer fundraiser for city youth charities

Two Bath youth charities are inviting businesses based in the area to get involved in a new outdoor fundraising challenge. The Big BaNES 100k runs until 27 September to support life-changing young people’s mental health and emotional wellbeing services delivered by Mentoring Plus and Off The Record Bath & North East Somerset.  The challenge invites fundraisers...

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