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South West
Tuesday 25 August 2020

Latest News

Top Story

Deal agreed for Appledore Shipyard assets

A deal has been agreed for listed business InfraStrata to acquire substantially all the assets of Appledore Shipyard in Devon. InfraStrata is paying £7m for the "highly strategic asset with a rich shipbuilding heritage".
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Insider Feature
Feature 1

Business Matters: Insider’s getting the South West back to business online guide

As the nation begins its recovery from the Covid-19 outbreak, the South West region, mercifully the English region least impacted by the virus, is set to lead the recovery phase for the UK. Insider’s special Getting Back to Business Online Guide brings together thought leadership articles from some of the region’s key advisors to show the best way forward.
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Deals

Ultimate Finance secures OakNorth facility to drive growth plans

Bristol-based specialist asset-based lender Ultimate Finance Group has secured a £20m loan-on-loan facility from OakNorth Bank which it will use to support the next phase of its growth plans.
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Solar farms snapped up in multimillion-pound deal

A portfolio of 15 solar plants, including sites in South West England, has been acquired for more than £105m.
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New grants to support Dorset SMEs

SMEs in Dorset are set to benefit from new government funding to help them recover from the effects of the coronavirus pandemic.
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Start Up Loans programme reaches milestone

The British Business Bank's Start Up Loans programme has reached a key milestone with 75,000 loans issued. The South West received more than £50m through 6,214 loans.
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Insider Feature
Feature 2

Ask the expert: How to approach redundancy as the furlough scheme winds down

As the government's furlough scheme starts to change in preparation for it to end in October, inevitably we will see a rise in redundancies as businesses struggle to recover from lockdown, according to Sean McDonough of Mogers Drewett.
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Business

Utility firm invests to support expansion

A utility company, which opened a base in Avonmouth earlier this year, has outlined how it has invested £1.5m and created 20 jobs with support from Tata Steel subsidiary UKSE.
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Tesco to create 16,000 jobs

Tesco has revealed plans to create 16,000 permanent jobs following the growth of its online business.
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AstraZeneca begins initial trial for Covid-19 treatment

AstraZeneca has started the first phase of a clinical trial for its Covid-19 vaccine.
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Property

Landmark seafront Devon hotel placed on the market

A traditional seafront hotel in Paignton, Devon, has been brought to the market with an asking price of £4.5m.
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Member Exclusive News

Multimillion-pound MODEC contract for Meggitt

Meggitt, the international aerospace and defence engineering company with major operations in the South West, has secured a multimillion-pound contract with MODEC to supply printed circuit heat exchangers.
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Aerospace consultancy snapped up by TP Group

A consultancy business which works with customers in military and civilian aerospace from offices in Bristol, Lincoln, Farnborough and Northallerton has been acquired.
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