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Future Proofing Fund Opens for Eligibility Checks
Businesses in the retail, hospitality and leisure sectors can now check if they are eligible for funding to help them reduce their running costs. Grants of between £5,000 and £10,000 will be available through the …
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Aviation Servicing Highflyer Takes Off with HSBC UK Funding Package
An aviation servicing company has acquired new commercial premises thanks to a six-figure funding package from HSBC UK. Aero Engine Services Ltd, based in Pontypridd, has purchased Merlin House, a new 8,000 square foot premises …
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Leading South Wales Sports Manufacturer Part of Deal Overseen by Lexington Corporate Finance
Lexington Corporate Finance has advised on the sale of a majority stake in a leading UK heritage sporting manufacturer with a base in South Wales. The Cardiff-based finance firm acted as the sole Corporate Finance …
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Recruitment, Skills and Labour Pressures Felt by Welsh Businesses in Q1
Businesses in Wales are continuing to face challenges regarding recruitment, the ongoing skills shortage and labour costs, according to Chambers Wales South East, South West and Mid’s latest Quarterly Economic Survey. In the survey for …
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New Programme Aims to Support Female Founders to get Investment-Ready
Female-founded Welsh innovation hub Tramshed Tech has announced the launch of a Female Founder Investor Readiness Programme in partnership with British Business Bank. With a predominantly female senior leadership team and CEO Louise Harris at …
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The Gender Index 2024: Wales Leads The Way in Female-led Fast Growth Companies
Wales has the highest proportion of female-led fast growth companies across all UK regions and devolved nations. The Gender Index Report 2024 shows that 15.9% of fast growth companies in Wales in 2023 were female-led, …
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Growth Grants on Offer to Eligible Powys Businesses
Businesses in Powys with plans to expand or looking to secure their future in challenging times could be eligible for a Growth Grant. Powys County Council is offering grants of between £1,000 and £25,000 after …
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Up to 2,500 Businesses to Benefit from Welsh Government Future Proofing Fund
Hundreds of micro, small and medium-sized businesses in Wales will soon be able to apply for Welsh Government funding designed to help them to reduce their running costs. Grants of between £5,000 and £10,000 will …
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Welsh Business Confidence Rises at Highest Rate in Two Years Despite a Challenging February
Welsh businesses recorded a ninth successive monthly decrease in new orders during February, with the pace of contraction easing to the slowest in this period of decline. Although some firms noted signs of a pick-up …
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Leading Building Service Provider Secures Legacy with Transfer of Ownership
Unitary Engineering Services (UES), a leading provider of comprehensive building services in the Southwest, South Wales and the Midlands, has announced full transfer of ownership to Adam Griffiths, Managing Director and son of founder Roger …
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Spring Budget 2024 – Wales Review
Welsh business leaders have given a cautious welcome to the Spring Budget 2024, saying whilst it offered few surprises it did contain a number of positive announcements for Wales. In a special discussion for Business …
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ACCA Calls on Chancellor to Deal with Double Whammy of Frozen Thresholds and Weak Growth
In an open letter to the chancellor, leading global accountancy body ACCA highlights key concerns flagged by their 98,000 UK members, and what they want to see addressed in the Spring Budget on the 6th March …
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Equity Investment in Wales Experiences Significant Decline Mirroring Wider National Picture
The British Business Bank’s Small Business Finance Markets 2023/24 report, published today, reports that Wales saw a 14% fall in announced equity deal numbers and a 49% fall in investment value taking the total to …
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High Earners and Executives Shoulder Major Tax Load in Wales
A recent report by The National Audit Office (NAO), an independent body that scrutinises public spending for Parliament, has revealed a tax structure in Wales tells a story of disproportionate contributions, with high earners and …
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Over Fifty Innovative Projects Benefit from £5.9M Welsh Government Support
Grants from the SMART Capital Equipment Fund and the Circular Economy Fund for Business were given to support organisations to invest in innovation with the aim of improving people’s lives, growing the economy and addressing …
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Cardiff-Based Cold Storage Giant Wild Water Acquired by Delancey Estates
In a significant multi-million-pound transaction, Wild Water Group, a leading temperature-controlled storage and distribution provider for the food and drink industry, has been acquired. Headquartered in Cardiff and boasting an extensive network of cold storage …
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UKSE Helps Welsh Bakery Battle The Energy Crisis
A long-established Welsh bakery is battling through the energy crisis with £250,000 support from Tata Steel subsidiary UKSE. Talgarth Bakery which employs 96 has suffered a tripling of energy costs in the last year, posing …
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Nearly Two Out of Five Have Stopped Paying into Their Pension or Cut Down on Contributions in the Past Five Years
Nearly two out of five pension investors have stopped contributions or cut back on payments in the past five years with nearly a third admitting the decision will delay retirement plans, new research* from wealth …
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Welsh Output Nears Stabilisation as Contraction in New Business Slows
Welsh private sector firms recorded an eighth successive monthly decline in new orders during January. Anecdotal evidence suggested the fall was due to subdued client demand and greater competition. That said, the rate of decline …
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Recession Concerns Drop by a Third in a Year, as Small Businesses Demand Larger Loans
SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed …
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Investment Fund for Wales Announces its First Major Deal
The British Business Bank announces its first major equity deal from the £130m Investment Fund for Wales, with a £650,000 investment from the Equity Finance fund, managed by appointed fund managers Foresight Group (“Foresight”), into …
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Welsh Businesses, Academics and Researchers Encouraged to Apply for Horizon Europe Funding
A new campaign launched to encourage Welsh businesses, academics and researchers to apply for Horizon Europe funding has launched this week. Horizon is the world’s largest programme of research collaboration, which the UK is a …
