Chancellor Jeremy Hunt has delivered his Spring Budget. The key points are: The economy is expected to contract by 0.2% this year but should avoid a technical recession. Growth next year is forecast to be 1.8%, followed by 2.5% in 2025; 2.1% in 2026; and 1.9% in 2027. Inflation is forecast to fall to 2.9%...
The tech and creative sectors in Bath and the West of England are rich and varied. They are also critical to the strength of the region’s economy. Both will be keeping a close eye on next Wednesday’s Spring Budget, when it is hoped Chancellor Jeremy Hunt will provide some help for their ongoing success. At the...
Businesses have come far in terms of gender equity in recent years, a panel discussion on the key topic heard, but there is still a long way to go in achieving it both in and outside of the workplace. The event, staged by Business West – the organisation that run Bristol Chamber of commerce...
A competition to find a women-owned micro business from the West of England with exceptional growth potential has been launched by a creative business as part of its incubator hub programme. The winner will receive rent-free office space for up to four people for six months at Istoria Group’s Bristol base, along with a free...
The South West ’s strength in burgeoning sectors such as cleantech, fintech and AI (artificial intelligence) helped push up venture capital investment in the region last year by 9%, outperforming the national picture. Firms in these sectors, along with manufacturers, attracted some of the largest investments out of the annual total of £455m across 124 deals,...
The West of England’s space industry could double in size over the next four years to employ around 2,000 people, with the University of Bath playing a key role. Space West, the cluster of advanced manufacturing firms, specialised tech businesses and academic and research organisations making up the industry in the region, is viewed...
Bath manufacturer Rotork has hailed a return to growth last year after a challenging period when it was beset by supply chain issues and the aftermath of the pandemic. The group, which designs and makes flow control equipment for the global oil, gas, water and chemical industries, increased annual pre-tax profits by 17.2% to...
Bath-headquartered specialist engineering consultancy Tensys, which has worked on more than 2,000 lightweight structures worldwide including Wimbledon’s Centre Court, is embarking on a new period of expansion supported by the University of Bath. The firm has been awarded a grant under a programme run by Innovate UK to help develop its in-house software suite,...
Setting up a business or going self-employed can give LGBT people a sense of liberation and freedom to be their authentic selves, according to research by the University of Bath. The academics, who worked on the study of small businesses with LGBT owners with the Radboud University in the Netherlands, found that negative experiences in the...
A business launched by two former schoolfriends from Bath has raised £1m from its first investment round to market its pioneering wearable workplace safety technology. Spacebands is on a mission to improve workplace safety by using its technology to prevent accidents, injuries and deaths in hazardous environments. Initially seeking seed investment of £600,000, it has now received £1m...
