Finance

Interactive technology harnessed by pioneering charity Deki to show plight of global poverty victims

September 11, 2015
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Interactive technology harnessed by pioneering charity Deki to show plight of global poverty victims

Deki, the Bristol-based international development charity and crowdfunding platform, has teamed up with Microsoft to stage a ground-breaking exhibition that uses interactive technology to highlight the devastating effects of poverty – and shows how individuals can help. The ‘Changing Lives Through Technology’ installation, which runs at the city’s Engine...

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£4m innovation fund opens to SMEs seeking grants for R&D projects

September 11, 2015
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£4m innovation fund opens to SMEs seeking grants for R&D projects

Small and medium-sized businesses across the West of England are being encouraged to apply to a £4m fund that aims to help them develop new products and services and create jobs. The UWE Innovation4Growth (I4G) programme part funds research and development projects with grants of between £25,000 and £150,000...

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‘Give us more power and we’ll boost economy by £2bn,’ West council leaders tell Government

September 11, 2015
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‘Give us more power and we’ll boost economy by £2bn,’ West council leaders tell Government

An extra £2bn a year could be generated for the West of England’s economy if the Government handed back control over areas such as skills, transport and housing to the region, according to the leaders of its four local authorities. They have submitted a proposal to the Treasury calling...

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Grant Thornton and TLT act on sale of fast-growing vets’ supplies firm

September 4, 2015
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Grant Thornton and TLT act on sale of fast-growing vets’ supplies firm

Corporate teams from the Bristol offices of accountants Grant Thornton and law firm TLT have advised shareholders of specialist buying group Vetswest on its multi-million pound sale to major US-based veterinary supplies wholesaler. Devon-based Vetswest, which supplies ancillary services to vets’ practices across the UK as well as acting...

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Successful outcome to SciSys’ bank talks lifts threat of covenant breach

September 4, 2015
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Successful outcome to SciSys’ bank talks lifts threat of covenant breach

Shares in SciSys, one of the region’s largest and longest-established specialist IT firms, rose today after it said it had resolved a potentially damaging funding crisis. In June the firm, which has a base in Brislington, warned it was at risk of breaching its banking covenants in August. Within...

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South West bucks downward trend in exporting as more firms win sales in overseas markets

September 3, 2015
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South West bucks downward trend in exporting as more firms win sales in overseas markets

Bristol businesses are helping the South West buck the national trend for exporting, with the value of overseas sales from the region rising while the national figure decreases. Data released today by HM Revenue and Customs shows that the value of UK exports decreased by 2.6% to £285bn in...

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Growing trend for ethical banking boosts Bristol-based Triodos

August 28, 2015
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Growing trend for ethical banking boosts Bristol-based Triodos

Lending by European ethical bank Triodos, which has its UK head office in Bristol, climbed by 9% to €791m (£579m) in the first six months of this year as the appetite for sustainable banking continues to grow. The Dutch-owned group also achieved a 4% increase in UK customer numbers...

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Growth for Bristol’s mid-tier businesses stunted by lack of funding, says CBI/BDO report

August 28, 2015
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Growth for Bristol’s mid-tier businesses stunted by lack of funding, says CBI/BDO report

Bristol’s ambitious medium-sized businesses are being held back by gaps in the provision of long-term lending, according to a new report. With improved bank lending, an increased flow of invoice finance facilities and huge growth in peer-to-peer lending over the last few years, much of the finance landscape is...

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Change at the top for PwC in Bristol as regional chairman Matt Hammond heads to the Midlands

August 28, 2015
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Change at the top for PwC in Bristol as regional chairman Matt Hammond heads to the Midlands

Accountancy giant PwC has made two key appointments to its Bristol-based West & Wales regional leadership team following Matt Hammond’s move to the Midlands as regional chairman. Katharine Finn replaces Mr Hammond as regional chair for West and Wales while Lynn Pamment takes over as senior partner to lead...

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Warning that changes to enterprise investment schemes could hit tech firms’ growth

August 21, 2015
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Warning that changes to enterprise investment schemes could hit tech firms’ growth

Bristol tech companies could have their growth plans scuppered by new rules introduced in this year’s Finance Bill, accountancy firm Baker Tilly is warning. Government initiatives such as the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) have been successfully used by small tech firms over recent...

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Poland visit will offer valuable business connections in Central and Eastern Europe for rookie exporters

August 21, 2015
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Poland visit will offer valuable business connections in Central and Eastern Europe for rookie exporters

First-time exporters from the Bristol and the West of England are being invited to explore opportunities in the fast-growing Central and Eastern Europe markets by taking part in a trade mission to Poland in October. The trip to Warsaw between October 6 and 8 is dedicated to building connections...

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Jelf confirms acquisition talks with insurance giant Marsh

August 19, 2015
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Jelf confirms acquisition talks with insurance giant Marsh

Shares in Chipping Sodbury-based financial consultancy Jelf climbed by more than 15% this week after it confirmed it is in talks to be taken over by global insurance giant Marsh. In a statement to shareholders, Jelf said it noted recent press speculation about a bid by Marsh and confirmed...

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First Bristol staff member joins HH Asset Finance

August 14, 2015
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First Bristol staff member joins HH Asset Finance

HH Asset Finance has appointed Ian Thomas to the position of account manager in Bristol – its first employee in the city. Ian, pictured, will develop the Newport-based firm’s presence in the South West following a £25m investment in the business last year to grow its lending capacity. With...

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