Western powerhouse should plug into region’s high-growth sectors to spur economic growth, says report

March 14, 2021
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Western powerhouse should plug into region’s high-growth sectors to spur economic growth, says report

Cyber technology, advanced manufacturing, renewable energy and the green economy should be harnessed to drive recovery and growth in the Western Gateway, the regional powerhouse that includes Swindon, the West of England and South Wales. The recommendation comes in an independent report published this week which also suggests the region should focus on raising productivity...

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New regional chair of Women in Property takes up role at challenging time for the industry

March 10, 2021
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New regional chair of Women in Property takes up role at challenging time for the industry

Avison Young senior valuation surveyor Sophie Endacott has become the new South West chair of Women in Property, the organisation that has helped improve inclusion and diversity in the industry for the past 34 years. Sophie, pictured, has been a member of Women in Property for the past six years. She takes over from Rachael Sherratt,...

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Ahead of the Agenda: The Week Ahead

March 7, 2021
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Monday March 8 Finals: Clarkson, Direct Line, Diversified Gas and Oil, Emis Group, Network International Holdings, RHI Magnesita, Shoe Zone Interims: Abcam, Pci-Pal Tuesday March 9 Finals: Arix Bioscience, Cairn Energy, Capital & Counties Properties, Capital & Regional, Foresight Solar, Forterra, Gamesys Group, Gresham, Headlam Group, IWG, LSL Property Services, Marshall Motor, Midwich Group, RPS Group, Standard...

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Data centre operator plugs into £38.7m investment with help from Royds Withy King

March 7, 2021
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Data centre operator plugs into £38.7m investment with help from Royds Withy King

Regional firm Royds Withy King, which has an office in Bath, has completed a £38.7m private equity investment deal for a major UK data centre owner and operator. Amito, a long-standing client of Royds Withy King, delivers high-quality, colocation services through a network of 20 facilities across the UK.  Based in Reading, where it...

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Specialist insurance broker snapped up by acquisitive national group

March 7, 2021
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Specialist insurance broker snapped up by acquisitive national group

Wiltshire specialist personal and commercial insurance broker Advance Insurance Agencies has been acquired by a fast-growing national group. Under the takeover by Jensten Group, Westbury-based Advance – which has an office in Swindon – will now form a centre of excellence for specialist personal lines, enabling Jensten to offer an expanded service to clients of its Coversure franchises and wholly owned broking operation....

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BUDGET 2021: Swindon business reaction

March 3, 2021
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Swindon business leaders have given many of the measures in today’s Budget a warm welcome – especially the previously-trailed furlough extension – but there was also concern over the delayed Corporation Tax increase. Business West, which runs the Swindon & Wiltshire Initiative, said businesses would welcome the extension of the full range of Covid-19...

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BUDGET 2021: National business reaction

March 3, 2021
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Rishi_Sunak

The CBI said Chancellor Rishi Sunak’s decision to hike Corporation Tax to 25% in one leap – the first increase since 1974 – would “cause a sharp intake of breath” for many businesses. It also warned that the move – which is planned to come into effect in 2023 – sent a worrying signal to those...

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BUDGET 2021: Key points . . .

March 3, 2021
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BUDGET 2021: Key points  . . .

Chancellor Rishi Sunak has delivered his Budget this afternoon. The main points are:  No rise in VAT, income tax or national insurance  Corporation tax to rise from 19% to 25% from 2023 but only 10% largest companies will pay, Chancellor claims  Two-year ‘super deduction’ in tax for companies that invest in innovation  Eight ‘Freeports’ established...

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Ahead of the Agenda: The Week Ahead

February 28, 2021
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Monday March 1 Finals: AFC Energy, Aggreko, Greencoat Renewables, MTI Wireless Edge, Quartix Holdings, Seplat Petroleum Development Interim: Craneware Economic announcements: M4 money supply, PMI manufacturing, Mortgage approvals, Consumer credit Tuesday March 2 Finals: APAX Global Alpha, Dalata Hotel Group, Devro, Flutter Entertainment, Fresnillo, Intertek Group, IWG, Robert Walters, Rotork, Signature Aviation, Synectics, Taylor Wimpey, Travis Perkins, Uniphar,...

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Brexit-linked red tape and higher prices already hitting small South West manufacturers, survey shows

February 28, 2021
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Brexit-linked red tape and higher prices already hitting small South West manufacturers, survey shows

Brexit is causing the South West’s small and medium-sized manufacturers ‘significant disruption’ as they try to recover from the economic effects of Covid-19, according to the results of a new survey. The latest South West Manufacturing Barometer shows firms are being hit by more red tape, higher input prices and shortages of raw materials...

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