Private equity provider YFM has appointed David Wrench as an investment director with a particular focus on the South West market. David, pictured, has joined the team to invest in growth capital and buyout opportunities. His appointment follows the recent raising of a new £80m YFM buyout fund. David previously worked for accountancy firm...
The government’s £1.25bn funding package to support innovative start-ups and research-intensive firms impacted by the coronavirus pandemic has been welcomed by business and civic leaders in the West of England. The measures include a Future Fund – a new £500m loan scheme for high-growth firms – and £750m of targeted support for small and...
More than 740 businesses in the Bath area have received urgent support grants from Bath & North East Somerset Council totalling £11m to help them stave off the impact of the coronavirus crisis. The council’s Invest in Bath business support team worked throughout the Easter weekend to continue processing applications for the central government-funded...
More than 40,000 businesses have sought advice and guidance on how they can survive the coronavirus pandemic from a special service set up by Business West, the organisation behind Bath Chamber of Commerce. Trading Through Coronavirus, which went live exactly a month ago, provides expert information and guidance to businesses as well as capturing...
A Bath boutique hotel and its restaurant have become the first business in the city to get a loan from Barclays under the government-backed Coronavirus Business Interruption Loan (CBIL) scheme. The Queensberry Hotel and Olive Tree Restaurant on Russel Street has received the £450,000 loan to support its cashflow, allowing it to pay is...
Small charities in Bath have received much-needed finance from an emergency fund set up by region’s community foundation to help them cope with spiralling demand as a result of the coronavirus crisis. Quartet Community Foundation, which covers Bath and across the West of England, has distributed more than £250,000 to local charitable organisations since...
The health and social care sector team at Bath-headquartered law firm Royds Withy King has advised on the acquisition of a Bristol care home despite the devastating impact of the coronavirus pandemic on the sector. Lawyers in the team worked with specialist mortgage broker Chandler & Co for several months on the deal to...
As part of the Coronavirus Business Interruption Loan Scheme (CBILS) every UK company can apply for a loan of up to £5m. However, issues over eligibility and paperwork have left many businesses disappointed, says Debbie Boulton, a director at Bath accountancy firm Richardson Swift. From speaking to our trusted broker contacts, we recommend that...
The private client team at Bath-headquartered law firm Royds Withy King is using online and mobile video links with clients to meet a growing demand for wills during the coronavirus crisis. By using platforms such Zoom, WhatsApp and Skype, the firm’s lawyers are also meeting the requirement of having two independent witnesses when wills...
An awful lot has changed in the past fortnight as the coronavirus epidemic in the UK continues to adversely affect many individuals and businesses. As a consequence, the government has announced a raft of emergency measures to try and keep the UK economy afloat, writes Pearson May partner Matthew Rutter. These cater for employees, more...
