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...
As the UK deals with the coronavirus outbreak, considerable strain is being put on commercial property landlords and tenants. Mogers Drewett’s dispute resolution partner Maeve England and commercial property partner Justin Hopkins answer the most frequently asked questions. What help is there for businesses unable to pay rent? The government has introduced measures to...
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...
As the city’s leading independent online business news provider, Bath Business News is stepping up during these challenging times to ensure that Bath remains a successful, innovative and forward-looking business hub. Next week we will launch the Bath Business News Coronavirus Knowledge Hub, a unique source of essential news, information and advice as the...
A top accountant is warning Bath firms hit by the coronavirus crisis not to rush into seeking financial help through the government’s newly-amended package of business support. Chancellor Rishi Sunak announced changes to the measures yesterday amid widespread criticism that they were not assisting enough businesses and that some banks were putting too many...
Bath area hospice Dorothy House is urgently seeking support from city businesses to help it step up its response to the national health emergency triggered by coronavirus pandemic. It has launched its Stepping Up Support appeal to raise funds for its clinical teams to provide extra care for the community in response to rising...
Thrings’ commercial property partner Fionnuala Nolan and property litigation partner Michael Tatters consider the impact of the recently introduced Coronavirus Act on commercial property owners, their tenants, funders and investors. The UK government has enacted the Coronavirus Act with the purpose of defending its people and economy against the accelerating threat of COVID-19. The...
Three-quarters of South West firms were hit by the coronavirus pandemic in the first two weeks of March, according to a new survey which also shows the outbreak has triggered a marked fall in businesses confidence in the region. Lloyds Bank’s Business Barometer – a monthly survey of more than 1,000 companies carried out...
Warnings about future profits made by South West companies listed on the London Stock Exchange have soared by 75% compared to this time last year – with most of them blaming the coronavirus pandemic. The latest analysis from international accountancy group EY shows there have been 14 profit warnings issued in the region so...
The latest moves by the government to support businesses, including relaxing the insolvency laws and removing some red tape, have been given the thumbs up by the region’s largest business organisation. Business West described the measures, announced by Business Secretary Alok Sharma on Friday evening, as sensible steps that would help protect companies weakened...
