Media

Government Covid-19 emergecy measures keep insolvencies low – but fears grow they will rise later

June 23, 2020
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Government Covid-19 emergecy measures keep insolvencies low – but fears grow they will rise later

A surprise fall in the number of corporate insolvencies could herald the ‘calm before the storm’, the South West branch of insolvency and restructuring trade body R3 has warned. Figures published by the Insolvency Service show a 30% drop in companies going bust at the height of the coronavirus crisis in May compared to...

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UK quarantine rules hitting Swindon’s exporters and tourism industry, says Business West

June 11, 2020
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UK quarantine rules hitting Swindon’s exporters and tourism industry, says Business West

Business West, the region’s largest business organisation, has joined bodies representing business, education and employment in urging the government to rethink its controversial quarantine rules for travellers arriving in the UK. In an open letter to the home, foreign and transport secretaries, Business West, UK Hospitality, Universities UK and others argue that it was...

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R3 South West issues essential guide to help region’s firms manage impact of Covid-19 crisis

June 4, 2020
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R3 South West issues essential guide to help region’s firms manage impact of Covid-19 crisis

An eight-point checklist to help owner-managers deal with the impact of the coronavirus pandemic on their businesses has been launched by the South West arm of insolvency and restructuring trade body R3. The organisation’s members, who include insolvency practitioners, lawyers, and turnaround and restructuring experts, work with business owners to mitigate and resolve financial...

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South West firms now UK’s least confident as Covid-19 hits region hard

May 29, 2020
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South West firms now UK’s least confident as Covid-19 hits region hard

The coronavirus pandemic has dealt a severe blow to confidence levels among South West firms – with the region now the UK’s least optimistic, according to the gloomy results of another survey. Overall confidence slumped by 16 points during the past month to minus 51% – an unenviable record for Lloyds Bank Commercial Banking’s...

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Expert advice – and chance to network virtually – in Business West’s latest recovery initiative

May 18, 2020
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Expert advice – and chance to network virtually – in Business West’s latest recovery initiative

Business West, the region’s largest business organisation, is launching a series of expert webinars and virtual networking events to help small firms bounce back from the impact of the coronavirus crisis. The webinars will address key practical issues and challenges facing firms as lockdown measures are eased while the online networking sessions will enable...

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Bristol Business Blog: Matt Griffith, director of policy, Business West. The furlough scheme is hugely successful – but how will it end?

May 15, 2020
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Bristol Business Blog: Matt Griffith, director of policy, Business West. The furlough scheme is hugely successful – but how will it end?

One of the government’s boldest and most effective interventions during the coronavirus has been the Coronavirus Job Retention Scheme (or furlough scheme). It is also, undoubtedly, one of the most important for businesses. Many businesses have suffered a massive shock to income, and furloughing has offered an ability to keep outgoings to a minimum,...

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Coronavirus update: Furlough scheme extension welcomed by business groups

May 12, 2020
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Coronavirus update: Furlough scheme extension welcomed by business groups

Chancellor Rishi Sunak’s decision to extend the government’s Coronavirus Job Retention Scheme to October will be a “huge relief” to firms in the West of England, according to the region’s largest business group. Business West, which runs the Swindon and Wiltshire Initiative, said its research showed the scheme, launched by Mr Sunak, pictured, in...

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Business West says post-Brexit US trade links must help firms overcome impact of Covid-19

May 5, 2020
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Business West says post-Brexit US trade links must help firms overcome impact of Covid-19

Strong trade links with the US could help the West of England’s small firms recover from the impact of coronavirus, the region’s leading business group has suggested. Business West, which runs the Swindon & Wiltshire Initiative, welcomed the start of formal post-Brexit talks between the UK and US on a future free trade agreement...

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Coronavirus update: Welcome for government’s ‘bounce back’ loans for small firms

April 28, 2020
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Coronavirus update: Welcome for government’s ‘bounce back’ loans for small firms

Business organisations have welcomed new measures by the government to help small firms survive the coronavirus pandemic, reflecting the fact that around half are being rejected for loans under the existing scheme. Business West, the organisation that runs the Swindon & Wiltshire Initiative, said Chancellor Rishi Sunak, pictured, had listened to complaints from struggling...

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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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