Investment into small and mid-sized business by growth finance group BGF’s South West office fell last year by around £10m as it came up against what it called “several economic uncertainties”. BGF, the largest and most experienced investor in the UK and Ireland, completed deals totalling £60m during 2024 against £70m the previous year. ...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Around 3.4m taxpayers still to file for Self Assessment File now to avoid penalties and interest charges, says HMRC. Click here for more details. Lenders challenge Bank of England’s loss-absorbing capital rules Banks argue requirements exceed international standards. To...
Private equity investor LDC has strengthened its support for management teams in the South West with the appointment of a new value creation partner. Prashant Selvaratnam, pictured, joins as VCP director, data strategy & AI, based in the firm’s Bristol office. In his new role he will help the management teams of LDC’s portfolio companies...
The role that cities and regions can play in driving the government’s growth agenda will be explored at a major event next week. Festival of Flourishing Regions will bring together policymakers, regional planners, economic development experts, academics and business and community leaders to explore and promote strategies for regional prosperity. Sessions will cover university...
Three Bath firms are to develop new ideas and products after being selected for funding under a new regional creative industries scheme. Stormjar, which describes itself as an immersive horror studio, has received £26,921 to help create the next generation of immersive, location-based and digital hybrid horror experiences. It was founded by experienced designers...
More than £50m was lent by the development finance arm of Paragon Bank last year to support much-needed residential development schemes across the South West. The specialist division, part of the Midlands-based Paragon Banking Group, lent to developers and housebuilders behind 18 projects in the region in the year to 30 September, including schemes...
Nearly 200,000 jobs in 19,000 South West businesses have been supported by investments made through the British Business Bank over the past10 years, according to a new report. Some 16,000 more jobs are expected to be created as the firms it has backed over the past decade continue to expand, generating an additional £7bn...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Capital Gains Tax boosts Treasury income Budget-driven CGT rises 60% in three months. Click here for more details. Graduates risk student loan bills with pay rise Overtime risks tipping graduates into loan obligations. To find out more, click here
Investment group Foresight has appointed an experienced senior investment manager in its South West-based private equity team ahead of opening an office in the region this year. Olly Cox, pictured, brings more than 12 years’ deal experience to the role, in which he will support the deployment and management of the recently launched Foresight South...
The Dubai-based group behind a possible acquisition of renewable electricity supplier Good Energy has been granted a third deadline extension after again failing to table a full bid or withdraw its interest. Esyasoft, a global energy industry player with existing operations in the UK, made the “unsolicited indicative, non-binding proposal” to Chippenham-headquartered Good Energy...
