Finance

Government U-turn over end of furlough scheme welcomed by business groups

November 5, 2020
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Government U-turn over end of furlough scheme welcomed by business groups

Business West, the region’s largest business organisation, has welcomed the latest extension to the governments’ furlough scheme, but urged Chancellor Rishi Sunak to come up longer-term measures to protect firms. Mr Sunak, pictured, this afternoon announced the furlough scheme would now run until the end of March, with the...

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Unique partnership helping make Bristol greener and fairer hits 1,000 membership mark

November 5, 2020
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Unique partnership helping make Bristol greener and fairer hits 1,000 membership mark

Bristol Green Capital Partnership, which was founded in 2007 with just 12 organisations, has passed the 1,000-member mark – demonstrating, it says, the city’s ambition to become greener, fairer and more resilient. Already thought to be the largest partnership of its kind in the world, the unique network brings...

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Major UK energy generation deal powers ahead with help from TLT

November 4, 2020
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Major UK energy generation deal powers ahead with help from TLT

Lawyers from Bristol-headquartered national firm TLT have advised on the sale of a UK energy generation portfolio which has created the country’s largest generating firm of its kind. The acquisition of Birmingham-based Viridis Power by Conrad Energy adds a generation mix of more than 320MW of renewable power and...

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Sale of dyslexia software firm to Norwegian group handled by Burges Salmon

November 4, 2020
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Sale of dyslexia software firm to Norwegian group handled by Burges Salmon

The corporate team at Bristol-headquartered national law firm Burges Salmon has advised on the sale of a specialist UK education software developer in a cross-border deal. Burges Salmon acted for NC Technology & Consultancy alongside accountants Mazars on the disposal of its two Cardiff-based subsidiaries LexAble and LexAble Services...

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Children’s Hospice charity event forced to go virtual brings in much-needed £26,000

November 4, 2020
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chsw

An annual hospice charity event that gives people the chance to remember their loved ones while also raising essential funds netted £26,000 after going online with the support of sponsors Bristol-based mutual society National Friendly. Children’s Hospice South West’s Memories by Moonlight event traditionally includes a fundraising walk in Falmouth, Cornwall. ...

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Business West fears ‘shattering’ impact of government’s second, month-long lockdown

November 2, 2020
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Business West fears ‘shattering’ impact of government’s second, month-long lockdown

The latest lockdown measures will be devastating to many Bristol firms despite their best efforts to make themselves Covid-safe, the region’s largest business organisation has warned. Most businesses were forced to close yesterday as the country entered its second lockdown, with staff being urged to work from home where...

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Council’s Covid marshals could visit business premises to ‘offer guidance’ as cases rise again

October 30, 2020
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Council’s Covid marshals could visit business premises to ‘offer guidance’ as cases rise again

Bristol businesses suspected of flouting measures aimed at limiting the spread of the coronavirus could be visited by a new team of Covid Secure Marshals being set up by the city council. The council said it is to have “at least 16” of the marshals operating around the city...

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Number of Bristol firms facing cash crises spiralling upwards – with warning of worse to come

October 30, 2020
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Number of Bristol firms facing cash crises spiralling upwards – with warning of worse to come

Nearly 6,500 Bristol businesses were in ‘significant financial distress’ between July and September as the coronavirus pandemic hit the city, according to a new report. The total of 6,476 was a 4% increase in the number of firms struggling in the previous three months, according to the figures from...

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Smith & Williamson staff’s pedal power serves up more than £6,000 for FareShare

October 29, 2020
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Smith & Williamson staff’s pedal power serves up more than £6,000 for FareShare

Staff from the Bristol office of financial and professional services firm Smith & Williamson got on their bikes to raise money for a charity that works to combat hunger and food waste. The 12-strong team took on the challenge of cycling 234 miles around Bristol - equivalent of riding to Paris – in aid of FareShare South West. ...

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Start-up loan from SWIG Finance helps launch green boat design consultancy

October 29, 2020
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Start-up loan from SWIG Finance helps launch green boat design consultancy

Bristol-based naval architect and boat design consultancy ENPLO has received funding to help establish its profile. The £15,000 loan, secured through regional alternative finance lender SWIG Finance via The Start Up Loans Company, is being used by ENPLO to provide working capital to cover initial repair costs and marketing...

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National Friendly makes key appointment as it targets further expansion

October 29, 2020
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National Friendly makes key appointment as it targets further expansion

Bristol-based mutual society National Friendly has appointed Toney Quinn to the role of business development manager in a move designed to continue to strengthen its profile in the intermediary sector. Toney, pictured, brings a wealth of experience of the insurance sector, having spent seven years with another mutual –...

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New finance deal with HSBC puts VWV on path for growth through potential acquisitions

October 27, 2020
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New finance deal with HSBC puts VWV on path for growth through potential acquisitions

Bristol-headquartered law firm VWV has secured a seven-figure finance facility from HSBC UK to support its ongoing growth strategy and ensure it is well-placed to adapt to the changing economy.  The facility gives VWV, which moved its full banking to HSBC earlier this year, the financial headroom and the...

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Business West to help Bristol firms cut through confusion as end of UK’s Brexit transition looms

October 23, 2020
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Business West to help Bristol firms cut through confusion as end of UK’s Brexit transition looms

Bristol firms are being urged to prepare now for the end of the Brexit transition period on January 1 next year, despite many questions of how it will work in practice remaining unanswered. The government has launched a campaign for businesses with the strapline ‘Time is running out’ as...

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