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Top story
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West Mids to pilot BITC support scheme
The West Midlands has been chosen as the pilot location to launch a new membership package for small and medium sized businesses. Business in the Community (BITC) is managing the new venture. Steve Fitzgerald, membership director West Midlands, told Insider that the region's small businesses would benefit from advice, support and access to an 800-strong BITC network.
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Deals
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Sincordia acquires again
Sincordia, a Leamington Spa-based internet solutions provider, has made its fifth acquisition with the buy of Velnet Web. The purchase of the London-based company has quadrupled Sincordia's client base.
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£7m facelift set for Coventry
Coventry Council has been awarded £3.5m of European Regional Development Agency (ERDF) funding to go towards a £7m revamp of the city. The leader of the authority John Mutton said the "tired" city would undergo a refurbishment programme before it hosts the Olympics next year.
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Santander secures £150m business fund
Santander has secured £150m in its third round of funding from the European Investment Bank (EIB). Santander said the money would be used to provide discounted loans to qualifying businesses.
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Property
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Property funding scheme unveiled for Tyseley
A property assistance programme providing funding to new and existing businesses in Tyseley has been launched. Birmingham City Council has estimated the scheme will help safeguard and create more than 200 jobs in the region.
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Lovell signs up to £40m Skipton project
Lovell, the Staffordshire-based affordable housing division of Morgan Sindall Group, has signed an agreement with property developer Maple Grove Developments and Craven District Council for a £40m development programme in Skipton.
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Quartzelec reveals consolidation plans
Electrical engineer Quartzelec has submitted plans to build a 95,000 sq ft facility in Rugby. If approved, the move will keep 140 skilled jobs in the region as Quartzelec plans to consolidate its existing operations in Rugby and Lutterworth.
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Business
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Revenue on the rise at Wragge & Co
Birmingham law firm Wragge & Co has reported an increase in annual turnover to £112m in its year-end results. Managing partner Ian Metcalfe said that in terms of economic conditions, "the past couple of years have been the worst I've ever experienced".
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Business Cluster WM fights for future
Industry heads at Advantage West Midlands' (AWM) previous business cluster programme have pledged their commitment to the regional development agency's networks which have been built over the last five years.
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Birmingham promotions at Browne Jacobson
Browne Jacobson has made three promotions within its Birmingham team office. The law firm has also named five of its lawyers partners across its three offices.
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Insider Membership – Communicate with Midlands Top Companies
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