Advanced manufacturing

AUTUMN BUDGET 2021: Key points . . .

October 27, 2021
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Chancellor Rishi Sunak has delivered his Autumn Budget and Spending Review. The main points are: Chancellor began speaking at 12:34pm Employment is up and wages are rising, he said. Budget prepares for a new economy post-Covid, he said. “An economy fit for a new age of optimism.” Higher inflation was a global problem, said the...

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Consortium to look at how hydrogen could spark new industrial revolution for region

October 22, 2021
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Consortium to look at how hydrogen could spark new industrial revolution for region

The potential of hydrogen to transform the West of England’s economy, from its transport to the way its homes are heated, is to be explored by a new consortium of businesses and universities. The group, which includes many of the region’s largest firms such as Airbus and EDF, was launched at an event at...

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New owner looking to make a bright future for precision engineering firm

October 21, 2021
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New owner looking to make a bright future for precision engineering firm

  A precision engineering firm founded in the 1960s and which now works with some of the region’s largest blue-chip manufacturers is looking forward to a bright future under new ownership.   Frome-based Keyford has been acquired by the Edwin Lowe Group of Birmingham for an undisclosed sum in a deal supported by the...

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Bath Business Blog: Claire Burden, advisory consulting partner, Tilney Smith & Williamson. Insolvencies are back and rising fast

October 21, 2021
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Bath Business Blog: Claire Burden, advisory consulting partner, Tilney Smith & Williamson. Insolvencies are back and rising fast

The monthly insolvency statistics published by The Insolvency Service for September show the number of registered company insolvencies were at their highest since the start of the first UK lockdown in March 2020. This is effectively a rebalancing back to normalised insolvency levels across the economy, after the government support measures during the Covid...

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Avon Protection looks to put impact of US mask delays behind it with return to growth next year

October 15, 2021
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Avon Protection looks to put impact of US mask delays behind it with return to growth next year

Defence manufacturing group Avon Protection has said it is set for growth next year after overcoming delays in military orders from the US. In a trading update the Melksham-headquartered firm, which specialises in protective gear, masks and breathing equipment for the military and first-responder markets, said its medium-term bounce back was underpinned by a strong...

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Rising costs and labour shortages combine to end post-pandemic rise in business confidence

October 11, 2021
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Rising costs and labour shortages combine to end post-pandemic rise in business confidence

West of England businesses are warning that the economic recovery from the pandemic is at risk due to growing inflationary pressures and worker shortages. A third of the 250-plus firms taking part in the latest quarterly survey by regional business group Business West said they had to increase their prices due to rising input costs. ...

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Pioneering Tech for Growth programme extended to help more firms ramp up their digital activity

October 8, 2021
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Pioneering Tech for Growth programme extended to help more firms ramp up their digital activity

Small businesses in Bath and across the West of England are being offered help to improve their digital presence to enable them to grow. The Tech for Growth programme will match businesses with a consultant and support them with up to four days of hands-on assistance to develop and adopt technology.  The support is...

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Pearson May Financial Update: National Insurance and tax on dividends to rise to fund social care

October 7, 2021
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Pearson May Financial Update: National Insurance and tax on dividends to rise to fund social care

The Prime Minister announced last month that National Insurance contributions (NICs) and the three dividend tax rates will all increase by 1.25% from next April to pay for the social care system in England, writes Pearson May partner Jacqui Bowden. From April 6, the basic rate of dividend tax increases to 8.75% (up from...

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B Corp certification for Business West in recognition of its stance to ‘pursue purpose as well as profit’

October 6, 2021
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B Corp certification for Business West in recognition of its stance to ‘pursue purpose as well as profit’

Business West, the region’s largest business group, has been certified as a B Corporation, joining an elite, forward-looking global community that balances profit with people and the planet. The B Corp movement encourages organisations to take an ethical approach to business to make a positive difference in the world.  To gain its certification, businesses...

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Apprenticeship fund hits £1m mark as large organisations pledge to help small firms develop new talent

October 5, 2021
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Apprenticeship fund hits £1m mark as large organisations pledge to help small firms develop new talent

More than £1m has been pledged by businesses and organisations across the West of England from their unused apprenticeship levy funds to help people in the region develop new skills. The funds have gone to the Share to Support scheme, which was launched earlier this year to create vital apprenticeships for individuals and boost...

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