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Rishi Sunak’s Winter Economy Plan: Key points

September 24, 2020
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Rishi Sunak’s Winter Economy Plan: Key points

Chancellor Rishi Sunak has unveiled his Winter Economy Plan to help businesses and their employees as Covid-19 continues to have a devastating impact. The key points are:  A Jobs Support Scheme for employees will replace the furlough scheme, which effectively paid people not to work. Under this new scheme, businesses will pay employees for...

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Protect firms and their workers, Business West urges, as Govt brings in raft of new restrictions

September 22, 2020
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BusinessWestSquarelogo

Business West, the organisation behind the Swindon & Wiltshire Initiative, today called for a comprehensive support package for firms hit by the latest coronavirus measures. With the number of cases of Covid-19 rising again – promoting a new raft of restrictions on businesses – Business West urged the government to take action to protect...

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Event: Chance for food and drink firms to go online to meet global market experts

September 21, 2020
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Event: Chance for food and drink firms to go online to meet global market experts

Food and drink producers from Swindon and its surroundings will have an opportunity to meet commercial trade officers working across the world tomorrow, Tuesday, September 22, at the first-ever virtual Meet the Market Expert event. It is being organised by the Department for International Trade (DIT) in conjunction with the Great British Food Programme delivered...

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Survey shows gloomy South West firms ready to axe jobs as demand fails to recover

September 3, 2020
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Survey shows gloomy South West firms ready to axe jobs as demand fails to recover

Firms in the South West are among the most pessimistic in the UK about the impact of the coronavirus pandemic, with many expecting to shed jobs when the government’s furlough scheme ends, according to a new survey. The Lloyds Bank Business Barometer, which takes the pulse of 1,200 firms across England every month, shows...

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Government’s Kickstart scheme will help firms develop young talent, says Business West

September 2, 2020
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Government’s Kickstart scheme will help firms develop young talent, says Business West

Business West, the region’s largest business organisation, has welcomed the launch today of the government’s Kickstart scheme, which offers subsidised job placements to out-of-work young people. Under the £2bn programme, 16 to 24 year olds claiming Universal Credit and at risk of long-term unemployment, will be able to gain six-month work placements.  The government...

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Gloomy West firms start to axe jobs as they count cost of coronavirus on profits

August 24, 2020
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Gloomy West firms start to axe jobs as they count cost of coronavirus on profits

The coronavirus pandemic has hit profits at more than 60% of firms in the West of England – with nearly one-in-seven fearing they will never return to pre-Covid levels of activity, according to the largest business survey in the region. Just under a quarter of firms have, or plan to, axe jobs with a...

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Hard winter for businesses forecast as rents arrears and debts trigger big increase in insolvencies

August 14, 2020
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Hard winter for businesses forecast as rents arrears and debts trigger big increase in insolvencies

A steep rise in corporate insolvencies linked to the coronavirus pandemic is being predicted for this winter – and could start as early as October. New research from insolvency and restructuring trade body R3 indicates that lack of funds to pay their rent is likely to be the biggest cause of firms getting into...

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Two new joiners strengthen team at SWIG as demand for finance increases

August 4, 2020
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SWIG-logo

Regional alternative finance lender South West Investment Group (SWIG) has made two appointments to its growing team while also saying farewell to Brian Steer, one of its longest-standing employees, who has retired. Nicki Kimberley has joined as start-up loans officer, a role that involves supporting applicants to the Start Up Loans scheme and helping...

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Profit warnings soar to 20-year high as Covid-19 crisis hits South West’s quoted firms

July 23, 2020
By
EY

The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...

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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

July 21, 2020
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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses,  according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...

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