Firms across the South West have taken advantage of the slump in sterling to go on an exporting spree, with the value of goods from the region sold overseas soaring by 30%. New figures from HMRC, which collates information on exports, shows exports from South West-based companies hit £6.3bn in the first three months of this year, up from...
Two of Bath’s most exciting hi-tech, high growth potential start-ups have been showcased to big name corporates at a high-profile event in London. The pair took part in the Open Innovation Showcase organised by SETsquared, the global number one university business incubation programme run by a partnership of the universities including Bath. Vaccines Without...
1pm, the acquisitive Bath-based specialist lender, has completed its latest takeover following after successfully issuing more than 28.8m new shares. The group has paid £5.25m to acquire Oxfordshire-based Tracx Finance, a leading invoice finance provider to SMEs operating under the Gener8 Finance brand. At the time of issuing the new shares, which are worth...
The unexpected outcome of the General Election and the resulting hung Parliament has sent shock waves through businesses and the organisations representing them. Carolyn Fairbairn, director-general of the CBI, said it was a serious moment for the UK economy. “The priority must be for politicians to get their house in order and form a functioning government,...
Business organisations in Bath and across the West of England today warned of damaging uncertainty following the shock General Election result and the impact of a hung Parliament on key issues for the city, particularly on the imminent Brexit negotiations Business West, the region’s largest business group, said there would be widespread concern about more...
The vital issues affecting Bath’s economy – from Brexit to rail electrification – will come under the spotlight at a major event in the city next week. Taking place the day before Thursday’s General Election, the annual Bath Economic Question Time will have extra relevance this year, with highly-acclaimed economist and public speaker Mark...
The introduction of a new Residence Nil Rate Band (RNRB) was announced in the Summer Budget of 2015 and came into effect from April 6 this year. Individuals may wish to review their wills and consider the tax planning opportunities which might arise from the introduction of the RNRB. By April 2020, certain individuals...
Bath’s Brindleys Guest House – named by The Times as one of the coolest places to stay in the UK – has been acquired by experienced hoteliers Mark and Pam Cole in a seven-figure deal. The couple, who bought the six-bedroom boutique guest house in Pulteney Gardens with the help of a six-figure loan...
Business West, the region’s largest business group, has warned that leaving the EU without a deal would cause “considerable damage” to many businesses. The organisation behind Bath Chamber of Commerce, said avoiding this outcome “must be a priority” for all General Election candidates standing in constituencies across the West of England. In its manifesto...
Confidence among businesses in the South West is back in positive territory after a sustained period of decline, according to a new survey. The latest quarterly ICAEW Business Confidence Monitor shows investment plans in the region are stronger than the UK average in areas such as employment, staff development and capital investment. The survey findings...
