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Coronavirus update: Survey shows many West firms ‘looking into the abyss’ as pandemic hits sales

April 23, 2020
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Coronavirus update: Survey shows many West firms ‘looking into the abyss’ as pandemic hits sales

Fewer than one in six West of England firms believe they will be able to cope if the coronavirus crisis lasts for more than six months, according to the results of the first major survey highlighting the impact of the pandemic on the region’s businesses. More than 70% of firms have already suffered a...

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Coronavirus update: More than 40,000 firms log on to Business West’s Covid-19 advice portal

April 20, 2020
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Coronavirus update: More than 40,000 firms log on to Business West’s Covid-19 advice portal

More than 40,000 businesses have sought advice and guidance on how they can survive the coronavirus pandemic from a special service set up by Business West, the organisation behind the Swindon & Wiltshire Initiative. Trading Through Coronavirus, which went live exactly a month ago, provides expert information and guidance to businesses as well as...

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Coronavirus update: South West manufacturers fear widespread job cuts as sales and orders plummet

April 8, 2020
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Coronavirus update: South West manufacturers fear widespread job cuts as sales and orders plummet

Nearly nine out of 10 South West manufacturers expect the coronavirus pandemic to hit their sales over the next six months, with half saying they will need to axe staff to stay in business. And despite action by the government to support businesses during the crisis, three-quarters of manufacturers in the region believe it...

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Coronavirus update: Business confidence falls as firms start to feel impact of pandemic

April 1, 2020
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Coronavirus update: Business confidence falls as firms start to feel impact of pandemic

Three-quarters of South West firms were hit by the coronavirus pandemic in the first two weeks of March, according to a new survey which also shows the outbreak has triggered a marked fall in businesses confidence in the region. Lloyds Bank’s Business Barometer – a monthly survey of more than 1,000 companies carried out...

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Coronavirus update: Profit warnings soar as firms start to feel financial impact of pandemic

March 31, 2020
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Coronavirus update: Profit warnings soar as firms start to feel financial impact of pandemic

Warnings about future profits made by South West companies listed on the London Stock Exchange have soared by 75% compared to this time last year – with most of them blaming the coronavirus pandemic. The latest analysis from international accountancy group EY shows there have been 14 profit warnings issued in the region so...

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Coronavirus update: Business West welcomes new insolvency and red tape measures

March 30, 2020
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Coronavirus update: Business West welcomes new insolvency and red tape measures

The latest moves by the government to support businesses, including relaxing the insolvency laws and removing some red tape, have been given the thumbs up by the region’s largest business organisation. Business West described the measures, announced by Business Secretary Alok Sharma on Friday evening, as sensible steps that would help protect companies weakened...

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Coronavirus update: Government ‘lifeline’ for self-employed welcomed by business groups

March 29, 2020
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Coronavirus update: Government ‘lifeline’ for self-employed welcomed by business groups

Business organisations have backed government help outlined last night to support the self-employed and sole traders affected by coronavirus, describing them as a lifeline for around 5m people. The measures announced by Chancellor Rishi Sunak, pictured below, provide a grant worth 80% of profits up to a cap of £2,500 a month and are targeted...

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Coronavirus update: Manufacturing Barometer to take pulse of impact on industry

March 27, 2020
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Coronavirus update: Manufacturing Barometer to take pulse of impact on industry

Swindon’s small and medium-sized manufacturers are being urged to take part in a major survey to gauge the impact of the coronavirus pandemic on industry. The resected quarterly Manufacturing Barometer – the largest survey of its type in England – has just gone live and is inviting companies to highlight the issues they are...

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Coronavirus update: Website launched with expert advice to help firms trade through the crisis

March 26, 2020
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Coronavirus update: Website launched with expert advice to help firms trade through the crisis

Swindon businesses needing up-to-date information, advice and guidance to help them trade in the current unprecedented market conditions are being encouraged to turn to a new web portal launched by Business West, the region’s largest business organisation. Called Trading Through Coronavirus, it aims to help businesses navigate their way through the crisis by enabling...

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Coronavirus update: Government’s lockdown measures welcomed by business groups

March 24, 2020
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Coronavirus update: Government’s lockdown measures welcomed by business groups

National business organisations have welcomed the government’s drastic measures putting the country into virtual lockdown in a bid to combat the rapid spread of coronavirus. The CBI said the action presented “great challenges” while the British Chambers of Commerce (BCC) said it made it even more vital that support for businesses was delivered quickly. ...

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