Media

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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Royds Withy King webinar will explore challenges linked to the post Covid-19 workforce

September 3, 2020
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Royds Withy King webinar will explore challenges linked to the post Covid-19 workforce

Major challenges for employers ranging from managing remote staff to changing the way entire organisations work post Covid-19 will be tackled head-on in a webinar to be staged next week by regional law firm Royds Withy King.  Called Workforce of the Future: The New Norm, the event will give insights from practical futurist and...

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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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Sustainable stamp of approval for wooden furniture firm with a passion for its craft

August 24, 2020
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Sustainable stamp of approval for wooden furniture firm with a passion for its craft

A wooden furniture business founded by two friends with a shared passion for their craft has received external validation of its sustainability status in a timber industry certification scheme. Forest to Home gained the accreditation through the Grown in Britain (GIB) Chain of Custody Certification programme, which provides validation of the origin of timber...

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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
By
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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Chancellor’s summer economic statement: National business reaction

July 8, 2020
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Chancellor’s summer economic statement: National business reaction

The CBI said Chancellor Rishi Sunak was “absolutely right” to prioritise jobs in his summer statement this afternoon. Director-general Dame Carolyn Fairbairn, pictured, said: “Flattening the daunting unemployment curve about to hit our country could not be more important. Joblessness scars lives and hits the young and most disadvantaged hardest.  “Today’s jobs plan is an...

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Chancellor’s summer economic statement: Regional business reaction

July 8, 2020
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Chancellor’s summer economic statement: Regional business reaction

Measures to address the huge economic impact of the coronavirus pandemic announced this afternoon by Chancellor Rishi Sunak have been welcomed by Business West, the region’s largest business group. Matt Griffith, director of policy at Business West – which runs the Swindon & Wiltshire Initiative – described them as impressive but also added that...

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