Finance

Coronavirus business loan keeps successful Land Rover Defender restorer on the road

May 21, 2020
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Coronavirus business loan keeps successful Land Rover Defender restorer on the road

A firm that restores, repairs and customises Land Rover Defenders – exporting many of them to the US – has secured a seven-figure finance facility from HSBC to safeguard its future. The funding is enabling Arkonik to continue to take orders despite the coronavirus pandemic. It also means founder and CEO Andy Hayes has...

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£1.45m finance deal for medical firm to boost production of Covid-19 test swabs

May 19, 2020
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£1.45m finance deal for medical firm to boost production of Covid-19 test swabs

A medical products manufacturer behind a world-beating specialist swab has secured a £1.45m finance package from Barclays to help the NHS’s Covid-19 testing. Medical Wire & Equipment (MWE), based in Corsham, is expecting to recruit 30 more staff – taking its total workforce to 120 – as it increases production of its virus transport...

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Expert advice – and chance to network virtually – in Business West’s latest recovery initiative

May 18, 2020
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Expert advice – and chance to network virtually – in Business West’s latest recovery initiative

Business West, the region’s largest business organisation, is launching a series of expert webinars and virtual networking events to help small firms bounce back from the impact of the coronavirus crisis. The webinars will address key practical issues and challenges facing firms as lockdown measures are eased while the online networking sessions will enable...

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Bath Business Blog: Malindi Myers, regional agent, Bank of England. How we are supporting the economy

May 15, 2020
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Bath Business Blog: Malindi Myers, regional agent, Bank of England. How we are supporting the economy

The Bank of England’s role is to maintain UK monetary and financial stability by keeping inflation sustainably low and ensuring that the financial system can serve the people of the UK in bad times as well as good. To achieve these aims through the Covid-19 crisis we have put in place a package of...

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Pearson May weekly financial round-up

May 14, 2020
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at more issues linked to the coronavirus pandemic. Employers’ guidance on reopening workplaces  Government states “workplaces must be safe and Covid-secure”. Find out here if this applies to your...

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Bath Business Blog: Matt Griffith, director of policy, Business West. The furlough scheme is hugely successful – but how will it end?

May 14, 2020
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Bath Business Blog: Matt Griffith, director of policy, Business West. The furlough scheme is hugely successful – but how will it end?

One of the government’s boldest and most effective interventions during the coronavirus has been the Coronavirus Job Retention Scheme (or furlough scheme). It is also, undoubtedly, one of the most important for businesses. Many businesses have suffered a massive shock to income, and furloughing has offered an ability to keep outgoings to a minimum,...

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Pearson May Financial Update: A round-up of the coronavirus support schemes

May 14, 2020
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Pearson May Financial Update: A round-up of the coronavirus support schemes

In our article last month, we set out some of the emergency measures which the government had introduced to financially support businesses and individuals adversely affected by the outbreak of Covid-19, writes Pearson May partner Matthew Rutter. As the situation changes almost daily in some respects, it can be hard to keep up with...

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Coronavirus update: Furlough scheme extension welcomed by business groups

May 12, 2020
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Coronavirus update: Furlough scheme extension welcomed by business groups

Chancellor Rishi Sunak’s decision to extend the government’s Coronavirus Job Retention Scheme to October will be a “huge relief” to firms in the West of England, according to the region’s largest business group. Business West, which runs Bath Chamber of Commerce, said its research showed the scheme, launched by Mr Sunak, pictured, in March,...

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Bath finance firm joins government’s Covid-19 business loan scheme

May 7, 2020
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Bath finance firm joins government’s Covid-19 business loan scheme

1pm, the Bath-based specialist finance provider, has been accredited to take part in the government scheme to help firms trade through the coronavirus pandemic following a campaign to widen it to non-bank lenders. 1pm had said that while lenders like itself provided a third of all UK consumer credit and a third of funding...

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Hospitality industry urged to join hotelier’s appeal to give hero carers a break

May 7, 2020
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Hospitality industry urged to join hotelier’s appeal to give hero carers a break

The owner of a luxury hotel group is looking for hoteliers and hospitality partners to join a new fundraising initiative for NHS staff and carers to give them much-deserved breaks once the Covid-19 crisis eases. The care4carers appeal is the brainchild of Nick Dent, owner of the Original Collection group of hotels based at...

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