Business News

CORONAVIRUS UPDATE: All pubs, bars and restaurants to close tonight as Chancellor announces ‘unprecedented’ support for firms

March 20, 2020
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CORONAVIRUS UPDATE: All pubs, bars and restaurants to close tonight as Chancellor announces ‘unprecedented’ support for firms

Pubs, cafes and restaurants must close down this evening, Prime Minister Boris Johnson has announced, as Chancellor Rishi Sunak unveiled a massive package of measures to support businesses and their workers. The government is to pay 80% of wages for employees not working, up to £2,500 a month, Mr Sunak said.  Companies and organisations...

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Coronavirus update: Where to go for business advice

March 20, 2020
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Coronavirus update: Where to go for business advice

Invest in Bath’s website has the latest news on the range of financial support schemes, including the latest government measures and local authority grants and loans. The website is run by the business growth and regeneration teams at Bath & North East Somerset (B&NES) Council in association with the West of England Combined Authority’s inward...

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Coronavirus update: Bath’s tourist venues go into lockdown and festivals are cancelled

March 20, 2020
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Coronavirus update: Bath’s tourist venues go into lockdown and festivals are cancelled

Bath’s tourism, hospitality and leisure sectors – so vital to the city’s economy – are facing up to their toughest challenge ever as the coronavirus pandemic hits home. The Bath & North East Somerset Council-run Roman Baths and Pump Rooms, Victoria Art Gallery, Assembly Rooms including The Fashion Museum and Bath Record Office closed yesterday...

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Coronavirus update: Property sector will be hit by lack of help for small business tenants, says MD

March 20, 2020
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Coronavirus update: Property sector will be hit by lack of help for small business tenants, says MD

The boss of a Bath-based commercial property company has welcomed the government’s response to coronavirus but says more could be done to help small firms. HPH Commercial Property owns a range of business accommodation space throughout the region including in Bristol, Bath, Chippenham and Swindon. A large number of the company’s tenants are small...

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Coronavirus Update: Factories get advice on producing much-needed ventilators for NHS

March 20, 2020
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Coronavirus Update: Factories get advice on producing much-needed ventilators for NHS

Manufacturers in the Bath area are being advised on measures they can take to switch production to essential medical equipment that will help tackle the coronavirus crisis. Earlier this week the Prime Minister called on around 60 leading UK manufacturers to make specialist medical equipment including ventilators.  The plea, seen by some as similar...

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Innovative Bath-based research project draws on TV series to study ‘later-living’ developments

March 20, 2020
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Innovative Bath-based research project draws on TV series to study ‘later-living’ developments

The University of Bath and Guild Living, the developer that plans to build a pioneering retirement village in the city, have teamed up on a major research project led by the academic behind the award-winning Old People’s Home for 4 Year Olds series. The partnership, a world first, is bringing academics from multiple disciplines...

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Upbeat Future says coronavirus will have limited impact on its financial results

March 20, 2020
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Upbeat Future says coronavirus will have limited impact on its financial results

Shares in Bath-based media group Future soared by more than 30% today after it said it was overcoming any impact on the business from the coronavirus outbreak. As a result, the group – whose 140 titles range from TechRadar and PC Gamer to Classic Rock and FourFourTwo – expects its half-year results due at...

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Outsourced fulfilment firm to deliver more growth after investment from logistics giant

March 20, 2020
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Outsourced fulfilment firm to deliver more growth after investment from logistics giant

A business launched by two Bath entrepreneurs that helps small e-commerce firms distribute their products has received a major investment from an international logistics group. The undisclosed funding from Maersk Growth, the corporate venture arm of the global shipping container giant, will allow Huboo to continue its rapid growth.  Huboo’s innovative software platform provides...

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‘Transport revolution’ to be trialled on Bath’s streets with e-scooters and self-driving cars

March 20, 2020
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‘Transport revolution’ to be trialled on Bath’s streets with e-scooters and self-driving cars

Bath is to take part in a ‘transport revolution’ including trialling self-driving cars and electronic scooters on public roads for the first time along with shared taxis and greater use of apps and electronic payments. The West of England has been chosen by the government as one of three Future Transport Zones in the...

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Coronavirus update: Interest rates slashed to lowest-ever level of 0.1% by Bank of England

March 19, 2020
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Coronavirus update: Interest rates slashed to lowest-ever level of 0.1% by Bank of England

The Bank of England has cut interest rates to 0.1% – their lowest level ever – as it attempts to deal with the economic fall-out from the coronavirus pandemic. The move is the second emergency cut in just over a week prompted by the outbreak – last week the rate was reduced from 0.75%...

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