Finance

Awards that have recognised some of Bath’s top tech firms return with call-out for new entrants

August 11, 2023
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Awards that have recognised some of Bath’s top tech firms return with call-out for new entrants

Rapid-growth tech firms from the Bath area are being invited to enter one of the sector’s longest-running annual awards schemes as it prepares to showcase another group of highly successful and innovative companies. Now in its 26th year, the Deloitte Technology Fast 50 ranks the UK’s fastest-growing tech firms based on the last four years of revenue...

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Bath-to-Bristol sponsored Walk for Wellbeing to raise funds for Hospitality Action charity

August 11, 2023
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Bath-to-Bristol sponsored Walk for Wellbeing to raise funds for Hospitality Action charity

Staff from some of Bath’s largest hotels are to take part in a sponsored charity walk to highlight mental health issues in the hospitality sector. They have teamed up with the Bristol Hoteliers Association (BHA) – which represents 40 hotels in and around the city with around 4,000 rooms between them – to raise...

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Green energy development firm prepares to power ahead with its own pipeline of projects

August 10, 2023
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Green energy development firm prepares to power ahead with its own pipeline of projects

Solar energy and battery storage developer Luminous Energy has achieved financial close on its first wholly owned project, which will generate enough electricity to power more than 9,500 households. The 28.5MWp solar farm Bracon Ash Solar Farm near Norwich is expected to achieve first power next summer. Corsham-based Luminous Energy said the project signified its transition to an independent power...

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Pearson May financial round up

August 10, 2023
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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. Accounting groups express concern about tax digitalisation plan Making Tax Digital is delayed until 2026. Click here for more information R&D claims to come under greater scrutiny Additional information on R&D projects now required. Find out more here

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FSB survey shows grim economic outlook hitting South West small firms’ growth aspirations

August 10, 2023
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FSB survey shows grim economic outlook hitting South West small firms’ growth aspirations

Hopes that small business confidence levels in the South West are bouncing back have been dashed by the results of a new survey, reflecting firms’ concerns over the economic outlook. But while there has been a fall in confidence among the region’s smaller companies, some positive signs have emerged over their own growth aspirations....

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Pearson May Financial Update: Tips for minimising Inheritance Tax – lifetime gifts

August 10, 2023
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Pearson May Financial Update: Tips for minimising Inheritance Tax – lifetime gifts

In last year’s Autumn Statement, the Chancellor confirmed that the Inheritance Tax (IHT) thresholds would be frozen until at least 5 April 2028. The current Nil Rate Band (NRB) therefore remains at £325,000 for the foreseeable future, with the Residence Nil Rate Band (RNRB) offering up to an additional £175,000 relief from IHT, writes Pearson...

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New £200m regional investment fund attracts hundreds of inquiries from firms in first month

August 9, 2023
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New £200m regional investment fund attracts hundreds of inquiries from firms in first month

More than 350 businesses from across the South West have already expressed an interest in applying for finance from a new £200m regional investment fund just weeks after its launch. The government-backed South West Investment Fund (SWIF), which was unveiled last month by the British Business Bank, aims to increase the supply and diversity...

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Firms urged to get their grey matter into gear for this year’s Julian House Brain of Bath quiz

August 4, 2023
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Firms urged to get their grey matter into gear for this year’s Julian House Brain of Bath quiz

Bath homeless charity Julian House is inviting the city’s firms to sharpen up their wits and enter a team for this year’s Brain of Bath quiz. The annual event, now in its 22nd year, is a major fundraiser for the charity as well as a source of intense – but friendly – rivalry between...

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South West firms’ confidence rebounds faster than in other UK regions, new survey shows

August 4, 2023
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South West firms’ confidence rebounds faster than in other UK regions, new survey shows

Confidence levels among businesses in the South West have bounced back from the gloom of earlier this year – making the region one of only two to register an increase in optimism. Overall confidence rose five points last month to 34%, while companies in the region became far more upbeat about their own business...

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£2m fund launched to plug skills gaps across the West of England – from chefs to welders

August 4, 2023
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£2m fund launched to plug skills gaps across the West of England – from chefs to welders

Bath area employers are being invited to take part in a new £2m programme that will support hundreds of individuals across the West of England to learn new skills. The scheme, launched by the West of England Combined Authority (WECA), is designed to plug the skills gaps in the region that are slowing the...

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