Property News

Coronavirus update: Two more surveys reveal looming job cuts and massive falls in confidence

May 3, 2020
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Coronavirus update: Two more surveys reveal looming job cuts and massive falls in confidence

The devastating impact of the coronavirus pandemic on businesses in the West of England has been highlighted again in the results of two more surveys this week – with one showing two-thirds of firms suffered a fall in orders while the second reveals productivity is down at 80% of the region’s small manufacturers. Unsurprisingly,...

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Business support funding keeps garden centre group trading despite being forced to close

May 3, 2020
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Business support funding keeps garden centre group trading despite being forced to close

A family-owned Wiltshire garden centre group which celebrates its half-century this year is continuing to trade through the coronavirus crisis after securing funding from Barclays under the government’s business support scheme. Whitehall Garden Centres, which has its headquarters at Lacock, near Chippenham, was forced to close its three outlets at what would have been...

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Industrial space snapped up as panic buying and surge in online sales drive demand

May 3, 2020
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Industrial space snapped up as panic buying and surge in online sales drive demand

Demand for short-term industrial space in the South West surged in March as the impact of Covid-19 spurred retailers and logistics firms to seek extra capacity to meet demand. According to latest research by international property firm Cushman & Wakefield, panic buying by consumers and the growth in online sales sparked by the lockdown...

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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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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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Swindon Business Blog: Fionnuala Nolan and Michael Tatters, Thrings. The Coronavirus Act – protecting commercial real estate yields

April 1, 2020
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Swindon Business Blog: Fionnuala Nolan and Michael Tatters, Thrings. The Coronavirus Act – protecting commercial real estate yields

Thrings’ commercial property partner Fionnuala Nolan and property litigation partner Michael Tatters consider the impact of the recently introduced Coronavirus Act on commercial property owners, their tenants, funders and investors. The UK government has enacted the Coronavirus Act with the purpose of defending its people and economy against the accelerating threat of COVID-19.  The...

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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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