Finance

Time Finance sows the seed for a sustainable future by planting a tree for each new recruit it takes on

October 13, 2022
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Time Finance sows the seed for a sustainable future by planting a tree for each new recruit it takes on

Time Finance, the Bath-headquartered alternative funder, has launched a tree planting scheme to support a greener future and broaden its commitment to sustainability as it continues to expand. Under the initiative, called #OneTreeAtATime, the firm will plant a tree for every new employee it recruits, ensuring the growth of the business has a positive...

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Record annual trainee intake boosts Old Mill’s ambition to be region’s fastest-growing accountancy firm

October 13, 2022
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Record annual trainee intake boosts Old Mill’s ambition to be region’s fastest-growing accountancy firm

South West accountancy and finance group Old Mill has recruited a further 26 trainees this autumn as it continues with its ambitious plan to become the fastest-growing practice in the West of England. The firm, which has offices in Chippenham, Wells, Yeovil and Exeter, announced a restructure a year ago with the aim of expanding by...

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Senior appointment powers up new phase in renewable energy firm’s development

October 12, 2022
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Senior appointment powers up new phase in renewable energy firm’s development

Solar energy and battery storage developer Luminous Energy has appointed a new chief investment officer as it approaches its 10th anniversary. Guy Lavarack, pictured, is an experienced investor and developer of energy and infrastructure projects with more than a decade in the renewable energy sector.  In his new role at Corsham-based Luminous he will be responsible for raising finance for Luminous’ solar energy and battery storage projects to enable it to build out,...

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Pearson May Financial Update: The new Chancellor’s ‘mini-Budget’

October 12, 2022
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Pearson May Financial Update: The new Chancellor’s ‘mini-Budget’

The ‘mini-Budget’ that the government insisted wasn’t, in fact, a Budget at all, came at 9:30am on Friday 23 September and brought with it some significant, unexpected and – in some cases –  controversial measures (not to mention a subsequent U-turn on one of the main policy changes announced), writes Pearson May partner Matthew Rutter....

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Truss facing a winter of discontent from Tory rebel MPs, political commentator tells West bosses

October 9, 2022
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Truss facing a winter of discontent from Tory rebel MPs, political commentator tells West bosses

Conservative MPs are going to make life for Prime Minister Liz Truss as difficult as their Labour counterparts did for Jeremy Corbyn when he was their leader, political columnist and broadcaster Ayesha Hazarika has told the region’s business leaders. Speaking at the South West CBI’s annual dinner, she predicted the political waters would get...

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Business confidence plunges as region’s firms face uncertain winter amid soaring energy costs

October 6, 2022
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Business confidence plunges as region’s firms face uncertain winter amid soaring energy costs

Fewer than one in 10 businesses in the South West have confidence in the UK’s economic prospects, with a record 73% fearful over the impact of inflation, according to new survey. At the same time the number of firms concerned about exchange rates has doubled, with a third of exporters suffering a fall-off in...

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Accreditation for Time Finance to offer government’s latest Recovery Loan Scheme to small firms

October 5, 2022
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Accreditation for Time Finance to offer government’s latest Recovery Loan Scheme to small firms

Time Finance, the Bath-headquartered alternative funder, has become an accredited lender under the government’s latest iteration of the Recovery Loan Scheme. Launched by the British Business Bank, the scheme is designed to help small businesses access finance to invest and grow.  Time Finance, which specialises in asset, loan and invoice finance products, has been an...

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New West of England Combined Authority grants to help small businesses adapt and grow

October 5, 2022
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New West of England Combined Authority grants to help small businesses adapt and grow

Bath’s small businesses and their supply chains can get help to adapt to the new economic and regulatory landscape thanks to a £1.5m fund from the West of England Combined Authority. The Business Growth and Adaptions Grant, which opens for a second round of applications from 19 October, is aimed at enabling small-to-medium enterprises...

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Bath student housing development snapped up by US real estate group as market remains ‘resilient’

September 30, 2022
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Bath student housing development snapped up by US real estate group as market remains ‘resilient’

A global real estate investment management firm has acquired one of Bath’s largest student housing developments as the market shows no sign of slowing. Chicago-headquartered Heitman, which has operations across North America, Europe and Asia-Pacific, snapped up the 120-bed scheme on Lower Bristol Road from London-based Alumno Group in an off-market transaction.  The scheme,...

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More overseas contracts targeted by naval defence firm after securing £2.4m finance deal

September 30, 2022
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More overseas contracts targeted by naval defence firm after securing £2.4m finance deal

A defence business that works with navies from NATO countries and allied nations has received an export finance facility worth £2.4m to expand further in international markets. Leafield Logistics secured the funding from the government’s UK Export Finance (UKEF) credit agency to free up its cashflow and support its growth.  The firm, based in...

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