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Top story
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Rail link-up could stimulate Swindon economy
The proposed Swindon to Kemble redoubling scheme will encourage inward investment, according to Clair Prosser, policy executive at the Swindon Chamber of Commerce. She told Insider that Swindon’s economy will be “stimulated by improvements on the rail” because “good infrastructure equals a better economy”.
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Deals
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Mantra Brands buys Tony Pryce Sports
Tony Pryce Sports has been bought out of administration by Mantra Brands, a subsidiary of H Young Group. Tony Pryce Sports is a sports retailer headquartered in Somerset with 34 outlets in the South West and Wales.
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WestWays of Plymouth brings administrators in
Boat company WestWays of Plymouth has fallen into administration. Nigel Morrison and Trevor O’Sullivan, of Grant Thornton, have been appointed as joint administrators.
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South West manufacturing to get £7m fund
South West-based manufacturing businesses will benefit from a share of £7m in government funding to improve and develop their supply chains, the Department for Business, Innovation and Skills (BIS) has announced.
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Davey unveils changes to ‘pre-packs’
New rules for controversial 'pre-pack' administrations could make it harder for business owners to regain control of failing companies. They have been revealed by Ed Davey, the BIS minister with responsibility for the insolvency regime.
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Major deal done for undisclosed sum
A major South West company has today made an acquisition of an unnamed company for an undisclosed sum. One of the advisers on the deal, who cannot be named for legal reasons, said: “This is a cracking deal and sends out a clear message that the professional and financial community can work together to complete deals.”
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Business
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Heart of the South West to LEP ahead
A new local enterprise partnership for part of the South West has been approved by business minister Mark Prisk and decentralisation minister Greg Clark.
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Challenging times for Future
Bath-based magazine publisher Future has said “trading has remained challenging” and profits continue to be affected by the shift to digital publications, particularly in the company’s largest area - video gaming.
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Something for the weekend
The Insider column which examines some of the quirkier stories going on in the region. This week: can you feel the excitement? No? Well, stop being miserable. It surely can’t be long before royal wedding fever will overtake you, unless your heart is made of stone.
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Property
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Pollard secures NHS contract
Bridgwater-based Pollard will start work on a £2.1m development to remodel the Rydon Ward at Wellsprings hospital in Taunton. Construction is due to start at the end of March and is expected to be completed by February 2012.
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Other News
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Panel to debate Swindon’s prospects
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Business needs more money - Bailey
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