Money Matters

South West shrugs off impact of Covid-19 to attract more overseas investment

June 14, 2021
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South West shrugs off impact of Covid-19 to attract more overseas investment

Investment by foreign businesses into the South West rose last year despite the pandemic in contrast to a fall for the UK as a whole. According to a new report by accountancy group EY, the South West achieved a 6.7% increase in Foreign Direct Investment (FDI) projects in 2020 – up by two to...

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Plea to PM ahead of G7 Summit to pave way for more sustainable business amid global climate crisis

June 8, 2021
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Plea to PM ahead of G7 Summit to pave way for more sustainable business amid global climate crisis

The region’s largest business group has urged the Prime Minister to help create a more sustainable future for business at this weekend’s G7 summit in Cornwall. The British Chambers of Commerce South West (BCCSW) – which includes Swindon & Wiltshire Initiative parent group Business West – has written to Boris Johnson ahead of the global gathering...

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New partner appointment and director promotions strengthen Deloitte in the region

June 8, 2021
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New partner appointment and director promotions strengthen Deloitte in the region

Global accountancy group Deloitte’s South West operation has made eight key promotions, including a new partner, in a move it says underlines its commitment to promote talent from within. Hamish McFadyen, pictured, is its new consulting partner in Deloitte Digital, where he specialises in the strategy, design, implementation and operation of digital customer experiences.  Hamish, who is...

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Purple Lime’s advice on proptech firm’s £12m sale to Canadian software group bears fruit

May 23, 2021
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Purple Lime’s advice on proptech firm’s £12m sale to Canadian software group bears fruit

Corsham-based accountancy firm Purple Lime has worked with the shareholders of market-disrupting specialist software firm Terrafirma on its acquisition by an international sector leader. Terrafirma, whose proprietary workflow software and data insights have been critical at transforming how decisions are made in property transactions in  the UK, was acquired by Dye & Durham Corporation,...

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Promotions for pair of SWIG Finance managers as its growth continues

May 23, 2021
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Promotions for pair of SWIG Finance managers as its growth continues

Regional alternative finance lender SWIG Finance has bolstered its senior management team with two promotions. Nicola Mapp and Clare Lenihan-Thomas will fill the new roles, which have been created to support the business as it continues to grow. Both have extensive experience in SME lending in mainstream bank and community development financial institution (CDFI)...

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Call for Swindon firms to take part in UK’s largest ever Race at Work Survey

May 17, 2021
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Call for Swindon firms to take part in UK’s largest ever Race at Work Survey

Swindon businesses are being urged to join hundreds of employers from across the UK by taking part in the country’s largest survey of race in the workplace. Swindon-headquartered building society Nationwide and insurance group Zurich have already signed up to complete the survey, which is being staged by Business in the Community (BiTC), the organisation dedicated to...

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Swindon Business Blog: Malindi Myers, regional agent, Bank of England. The economy is now recovering rapidly

May 17, 2021
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Swindon Business Blog: Malindi Myers, regional agent, Bank of England. The economy is now recovering rapidly

The Covid-19 pandemic has been affecting us all for more than a year now. My fellow regional agents and I know that those businesses that rely heavily on being able to have customers visit them in person – for instance, the hospitality and tourism sectors right across the South West – have been particularly...

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South West’s top ranking for innovation hiding its poor skills and low productivity levels, says CBI

May 12, 2021
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South West’s top ranking for innovation hiding its poor skills and low productivity levels, says CBI

The South West is England’s top region for business innovation, according to a new report by the CBI – but it faces challenges over its low productivity and skills gap. The CBI report also reveals that low levels of unemployment and short commuting times compared to other parts of England gives the South West...

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Promotion to partner for YFM South West investment director a year after joining

May 11, 2021
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Promotion to partner for YFM South West investment director a year after joining

Private equity provider YFM has promoted David Wrench to equity partner as it continues to strengthen its investment team. David, pictured, joined YFM just over a year ago as an investment director with a particular focus on the South West market.  Since becoming part of YFM team, David has helped complete four new investments, including...

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Senior appointments boost Lloyds’ regional commercial banking operation

May 10, 2021
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Senior appointments boost Lloyds’ regional commercial banking operation

Lloyds Bank has bolstered its commercial banking team in the South West with three senior appointments. Alison Whistance is the new regional director of regional business development, while Carmen Peacock is now co-head of the bank’s Corporate & Institutional Coverage (CIC) division, which supports businesses with revenues of £100m and above. The pair, along with new relationship...

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