The Bath area has been named as the best place in the UK to launch and run a successful microbusiness. The city, along with North East Somerset, has the highest concentration of thriving microbusinesses and self-employed people, according to the Business Financed website. The website, which provides banking and finance information for UK businesses, set...
Projects ranging from using Artificial Intelligence to create art to building low-tech robots from recyclable materials are to receive funding under a scheme aimed at innovators and creatives from the Bath area. The Studio Innovation Fund for 2023 was launched by The Studio at Palace Yard Mews, Bath Spa University’s city-centre research and innovation...
A pioneering medical device company with a base in Bath that focuses on the emerging field of surgical endoscopy has raised nearly £34m to fill a funding gap and speed up its expansion. Creo Medical Group develops and commercialises minimally invasive electrosurgical devices from its bases in Chepstow and Bath. The firm, which is...
Specialist packaging firm Westfield Medical has acquired a manufacturer of sterilisation pouches in a deal handled by Bath-headquartered law firm RWK Goodman and regional accountants Bishop Fleming. Midsomer Norton-based Westfield, a subsidiary of international infection control products group Sterimed, said the takeover of Granton Medical would enable it to extend its offer to supply...
A partnership between the University of Bath and a pharmaceutical manufacturing company that spun out from it 17 years ago has received an ‘outstanding’ rating from the government’s innovation agency. Innovate UK, which provides funding and support to organisations to make new products and services, recognised the longstanding Knowledge Transfer Partnership (KTP) between the...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. This week we look at two of the key measures introduced in the Spring Budget. Pension lifetime allowance charge abolished from April Chancellor aims to bring over-50s back to the workforce. Click here to find out more...
Rob Chedzoy, tax partner at regional accountancy firm Milsted Langdon, believes the Chancellor Jeremy Hunt’s drive for growth has created interesting tax planning opportunities for businesses and their owners. Rob, pictured, said prior to the Budget, many businesses were concerned about the upcoming increase to Corporation Tax in April, when the rate will rise from 19% to...
West of England Metro Mayor Dan Norris said the Spring Budget contained some measures that would benefit the region but overall would do nothing to unleash the potential of its businesses. “The hit to living standards over the past two years is the largest since records began,” the Labour mayor, pictured, who heads the West...
Business West, the organisation behind Bath Chamber of Commerce, welcomed what it called the return of a Budget that addressed immediate threats while including measures aimed at future prosperity. But it said the government must commit to providing the stability and confidence needed by businesses to invest and grow the UK economy. Managing director...
Chancellor Jeremy Hunt has delivered his Spring Budget. The key points are: The economy is expected to contract by 0.2% this year but should avoid a technical recession. Growth next year is forecast to be 1.8%, followed by 2.5% in 2025; 2.1% in 2026; and 1.9% in 2027. Inflation is forecast to fall to 2.9%...
