Advanced manufacturing

Swedish group snaps up Swindon industrial fastening firm

July 18, 2017
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Swedish group snaps up Swindon industrial fastening firm

Swindon-based industrial fastening firm Young Black has been acquired by international specialist engineering group Indutrade in a move that will help to secure its future. Young Black, which employs around 30 people at its base on Radway Road, Stratton St Margaret, will become part of Swedish group Indutrade’s special products division. Swindon-headquartered regional law...

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Back-to-front shirt sponsorship deal with Derby County aims to pump up Avon Tyres’ brand

July 13, 2017
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Back-to-front shirt sponsorship deal with Derby County aims to pump up Avon Tyres’ brand

Wiltshire-based Avon Tyres has become the official shirt sponsor of Sky Bet Championship side Derby County – a promotion for the firm following its position as the club’s back-of-shirt sponsor last season. Melksham-based Avon, which described the new agreement as “multi-year”, initially teamed up with The Rams in February last year when it became...

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Firms in running for region’s most sought-after business awards

July 6, 2017
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Firms in running for region’s most sought-after business awards

Ten firms have been named as finalists for the coveted PwC West of England Business of the Year Awards – the region’s most prestigious business accolades. Among the contenders are Bath-based Independent Vetcare (IVC) – the UK’s fastest-growing veterinary group – and Bodywise (UK), which manufactures and sells organic and natural feminine hygiene and baby care...

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Swindon Business Blog: Donna Kehoe, regional agent, Bank of England. The outlook’s good – but we need to stress-test for shocks

July 5, 2017
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By Donna Kehoe, Bank of England agent for the South West of England Twice a year the Bank of England publishes a major review of what we call the ‘financial stability’ of the nation. Our aim is to ensure that the financial system is as robust as it can be to withstand whatever shocks...

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Manufacturers warn of ‘chilling effect’ of post-Brexit restrictions on EU workers

June 23, 2017
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Manufacturers warn of ‘chilling effect’ of post-Brexit restrictions on EU workers

Denying Swindon firms access to workers from the European Union after Brexit could have a “potentially chilling economic effect”, a major industry body warns today.  The stark message from the EEF, the manufacturers’ organisation, comes a day after Prime Minister Theresa May told EU leaders that about 3m EU citizens living in the UK would...

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Quitting EU customs union could hit Honda’s Swindon plant, car giant boss warns

June 21, 2017
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Quitting EU customs union could hit Honda’s Swindon plant, car giant boss warns

One of car giant Honda’s top bosses has warned of the possible “harm” of leaving the European customs union on its giant Swindon plant. Honda senior vice-president of Honda Ian Howells said the plant relied on a large pan-European network of suppliers to deliver 2 million components to its car and engine assembly lines...

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Weak pound gives strength to South West exporters but post-Brexit outlook is less clear

June 14, 2017
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Weak pound gives strength to South West exporters but post-Brexit outlook is less clear

Firms across the South West have taken advantage of the slump in sterling to go on an exporting spree, with the value of goods from the region sold overseas soaring by 30%. New figures from HMRC, which collates information on exports, shows exports from South West-based companies hit £6.3bn in the first three months of this year, up from...

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General Election result: National business reaction

June 9, 2017
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The unexpected outcome of the General Election and the resulting hung Parliament has sent shock waves through businesses and the organisations representing them. Carolyn Fairbairn, director-general of the CBI, said it was a serious moment for the UK economy. “The priority must be for politicians to get their house in order and form a functioning government,...

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General Election result: Swindon business reaction

June 9, 2017
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Business organisations in Swindon and across the West of England today warned of damaging uncertainty following the shock General Election result and the impact of a hung Parliament on key issues for the town, particularly on the imminent Brexit negotiations Business West, the region’s largest business group, said there would be widespread concern about more...

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Leaving EU with no deal would harm region, Business West warns in its General Election manifesto

June 1, 2017
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Leaving EU with no deal would harm region, Business West warns in its General Election manifesto

Business West, the region’s largest business group, has warned that leaving the EU without a deal would cause “considerable damage” to many businesses. The organisation behind the Swindon and Wiltshire Initiative said avoiding this outcome “must be a priority” for all General Election candidates standing in constituencies across the West of England. In its manifesto for...

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