Finance

Coronavirus update: Chancellor announces emergency measures to support businesses

March 17, 2020
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Coronavirus update: Chancellor announces emergency measures to support businesses

Chancellor Rishi Sunak has unveiled an emergency £330bn package to support businesses during the coronavirus crisis. Mr Sunak, pictured, said the move was equivalent to 15% of the UK’s GDP and added that if demand was greater than the initial £330bn he would go further and provide as much capacity as required.  Measures include:...

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It’s time to turn the tables on your rivals as Ping Pong Fight Club prepares to return

March 13, 2020
By
PPFCLD18 Shandshake

The battle of the bats returns to the West of England in May when the region’s third Ping Pong Fight Club takes place – and Bath businesses are being urged to sign up to enter teams for the unique, all-action event.  This year the popular table-top challenge moves to the larger venue of Walkabout...

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Innovative eco food and lifestyle store secures investment with support from Royds Withy King

March 12, 2020
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Innovative eco food and lifestyle store secures investment with support from Royds Withy King

The corporate team at Bath-headquartered law firm Royds Withy King has provided equity investment support to the local entrepreneurs behind a new kitchen, food market and lifestyle store due to open this summer. Called Teals, the venture on the busy A303 at North Cadbury in Somerset aims to connect local communities to local producers....

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Call goes out to Bath’s creative businesses to join pioneering scale-up programme

March 12, 2020
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weca-300x300

Bath creative businesses that want to expand are being encouraged to bid for a new growth programme before its March 31 deadline. The Creative Scale Up programme, run by the West of England Combined Authority (WECA) and financed by the Department for Digital, Culture, Media & Sport, aims to boost opportunities for the creative...

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Spring Budget 2020: Thumbs up from Bath advisors but they criticise reform of Entrepreneurs’ Relief

March 12, 2020
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Spring Budget 2020: Thumbs up from Bath advisors but they criticise reform of Entrepreneurs’ Relief

Bath advisors have welcomed a number of measures in the Budget, although the decision to cut, rather than scrap, Entrepreneurs’ Relief received a mixed response. Entrepreneurs’ Relief (ER) – a reduced Capital Gains Tax rate aimed at incentivising the building of successful businesses – has been criticised in some quarters for mainly benefiting wealthy business owners rather...

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Spring Budget 2020: Regional business reaction

March 11, 2020
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Spring Budget 2020: Regional business reaction

Business West, the region’s largest business organisation, has welcomed Chancellor Rishi Sunak’s response to the coronavirus crisis in his Budget – but warned that its commitment to funding big-scale ‘levelling-up’ infrastructure projects through borrowing could unravel if the economy goes into recession. Managing director Phil Smith, pictured, said a strong statement of intent from...

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Spring Budget 2020: Key economic points so far . . .

March 11, 2020
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Spring Budget 2020: Key economic points so far . . .

Key points from the 2020 Budget so far . . . Growth forecasts updated to 1.4% for 2020 and 1.6% for 2021  Planned rise in alcohol duties cancelled Fuel duty frozen Government to abolish business rates for small shops this year levy on electricity frozen and increased on gas Tax on plastic packaging to...

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Spring Budget 2020: Chancellor pledges total package worth £30bn to tackle coronavirus

March 11, 2020
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Spring Budget 2020: Chancellor pledges total package worth £30bn to tackle coronavirus

Key points from Chancellor Rishi Sunak’s first Budget . . . Chancellor started speaking at 12:35pm He says public services are well prepared to tackle coronavirus There is likely to be a "significant" impact on the UK economy but it will return to normal There will be a funding "bridge" for business to help...

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Unique leadership programme offers Bath firms chance to invest in their workforce – and the city

March 6, 2020
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Unique leadership programme offers Bath firms chance to invest in their workforce – and the city

Bath-based organisations are being offered a unique opportunity to support their aspiring leaders through a pioneering leadership development programme designed by the city, for the city. Now in its fifth consecutive year, Bath Bridge aims to make the city a more dynamic place to live and work through a world-class programme for its future...

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LEP highlights region’s industrial collaboration and innovation at its AGM

March 6, 2020
By
LEP

Efforts to boost business productivity and increase innovation among West of England manufacturers have been highlighted by the area’s Local Enterprise Partnership (LEP) at its AGM. The meeting, which went under the banner of ‘Our West, Our Future’, heard how the LEP is now delivering its Local Industrial Strategy to spur clean growth that will benefit...

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