Finance

Council set to close down loss-making Visit Bath and join new regional tourism group

December 4, 2020
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Council set to close down loss-making Visit Bath and join new regional tourism group

Visit Bath, the city’s cash-strapped direct marketing organisation, is set to be axed and replaced by a region-wide body in a move that could save the city £2m over the next 10 years. According to a report to Bath & North East Somerset Council’s (B&NES) cabinet, setting up a new organisation with other West of...

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Bath hit harder than other cities, warns BID, as stores, bars and cafes count cost of Covid-19

December 4, 2020
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Bath hit harder than other cities, warns BID, as stores, bars and cafes count cost of Covid-19

Bath city centre bars, restaurants and shops lost at least £142m during the first national Covid-19 lockdown while the cancellation of its iconic Christmas market will deal the city a further £13.6m blow, new figures reveal. Data provided by credit card company Visa shows that expenditure lost to the hospitality and retail sectors in...

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Airport digital map that stops passengers getting lost set for take off after firm lands investment

December 4, 2020
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Airport digital map that stops passengers getting lost set for take off after firm lands investment

A Bath firm producing digital maps that stop passengers getting lost in busy airports and missing their flights has received further investment to roll out the technology across the world. Living Map, which was founded in 2010 by urban design consultant Tim Fendley and now employs more than 25 people, will also use the...

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Funding for group aiming to tackle Covid-19′s impact on mental health, sexual abuse and domestic violence

December 3, 2020
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Funding for group aiming to tackle Covid-19′s impact on mental health, sexual abuse and domestic violence

Bath-based cooperative Dot Project, which works with organisations that are creating positive change to help them achieve their goals through technology, has been awarded £465,000 in National Lottery funding to provide its expertise to organisations tackling mental health, sexual abuse and domestic violence. In partnership with London-based Shift, which tackles social problems through the...

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Pearson May Financial Update: Festive gifts and virtual Christmas parties

December 2, 2020
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Pearson May Financial Update: Festive gifts and virtual Christmas parties

It is sadly inevitable that this year’s staff Christmas parties will not be the usual get-togethers and businesses will, no doubt, already be looking at more inventive ways to have a festive celebration, be it virtual or with individual gifts, etc. writes Pearson May partner Matthew Rutter. From online cookery classes, virtual pantomimes and streaming...

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Bath Business Blog: Tom Webb, head of corporate, Mogers Drewett. Futureproof your business for 2021

December 2, 2020
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Bath Business Blog: Tom Webb, head of corporate, Mogers Drewett.  Futureproof your business for 2021

Given the unprecedented challenges all businesses have faced over the past six months, there is no doubt that 2021 is going to be an important year. Add to this the UK leaving the EU on December 31 and the uncertainty of more lockdowns and for many businesses 2021 could be a make or break year....

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Business groups warn of bleak winter as Bath prepares for life in Tier 2 when lockdown ends

November 27, 2020
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Business groups warn of bleak winter as Bath prepares for life in Tier 2 when lockdown ends

Bath’s Tier 2 restrictions when it comes out of the national lockdown next week will have a “chilling impact” on its economy, with much of its hospitality sector remaining “frozen” in the vital run-up to Christmas, business groups have warned. Bath Chamber of Commerce group Business West said despite having escaped being put in...

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Pearson May weekly financial round-up

November 26, 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. Are big changes afoot for Capital Gains Tax?  The Office for Tax Simplification recommends options for Covid-19 tax grab. Find out more here HMRC reveals Making Tax Digital for Corporation Tax plans Latest tax to go digital set...

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Reboot for Business West’s online Brexit advice hub as clock ticks down to end of transition period

November 26, 2020
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Reboot for Business West’s online Brexit advice hub as clock ticks down to end of transition period

The award-winning Trading Through Brexit service run by Business West has been relaunched to help companies make crucial last-minute adjustments to the way they operate ahead of the end of the UK-EU transition period. Regardless of whether or not a deal is reached between UK and EU negotiators ahead of deadline on December 31,...

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Chancellor’s Spending Review: Bath business reaction

November 25, 2020
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Chancellor’s Spending Review: Bath business reaction

Business West, which runs Bath Chamber of Commerce, was disappointed with the lack of capital investment promised by the government for the West of England. Policy manager Claire Ralph said: “Some minor funding has been allocated to the West of England Combined Authority for local transport improvements through the Transforming Cities Fund. “Elsewhere it...

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