Three Bath firms are to develop new ideas and products after being selected for funding under a new regional creative industries scheme. Stormjar, which describes itself as an immersive horror studio, has received £26,921 to help create the next generation of immersive, location-based and digital hybrid horror experiences. It was founded by experienced designers...
More than £50m was lent by the development finance arm of Paragon Bank last year to support much-needed residential development schemes across the South West. The specialist division, part of the Midlands-based Paragon Banking Group, lent to developers and housebuilders behind 18 projects in the region in the year to 30 September, including schemes...
Annual passenger numbers at Bristol Airport soared past the 10m mark for the first time last year as its airlines continued to introduce new destinations. The record figure was reached as the airport continued with its £400m, five-year upgrade – including a new £60m public transport interchange, pictured below, currently under construction – which will...
Nearly 200,000 jobs in 19,000 South West businesses have been supported by investments made through the British Business Bank over the past10 years, according to a new report. Some 16,000 more jobs are expected to be created as the firms it has backed over the past decade continue to expand, generating an additional £7bn...
Apetito, the UK’s leading food producer for the health and social care sector, is planning a major investment over the next five years to expand production. The Trowbridge-headquartered group, which includes homes meals delivery firm Wiltshire Farm Foods, said the move would expand its customer base and reinforce its market leadership while also enhancing...
Bath’s Herschel Museum of Astronomy has received £18,500 to fund a permanent planetarium that will be used to motivate to a new generation of the city’s schoolchildren to learn about science. The grant, made through The West of England Mayoral Combined Authority, will pay for a dome and projection system to take to local...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Capital Gains Tax boosts Treasury income Budget-driven CGT rises 60% in three months. Click here for more details. Graduates risk student loan bills with pay rise Overtime risks tipping graduates into loan obligations. To find out more, click here
Investment group Foresight has appointed an experienced senior investment manager in its South West-based private equity team ahead of opening an office in the region this year. Olly Cox, pictured, brings more than 12 years’ deal experience to the role, in which he will support the deployment and management of the recently launched Foresight South...
Bath-based office design company Interaction has helped co-working operator BLOCK launch its first hub in Bristol as the trend for flexible city centre workspace shows no sign of slowing. BLOCK, which already has sites in Taunton and Plymouth, has opened the new 8,300 sq ft base, pictured, on the 12 floor of The Fairfax, the...
The South West’s hotel property market is poised for another busy year after investment deals soared by an estimated 89% in 2024. Total investment reached £133.1m last year, according to international real estate advisor Savills, a major player in the regional market – with a significant proportion of this attributed to portfolio sales. Sales...
