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Top story
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Contrasting fortunes for companies that want credit
Businesses in the region looking for bank debt are finding their ability to borrow is varying hugely right now. Some companies have been pleasantly surprised by the banks’ willingness to lend while others are finding that terms and availability of credit are still not what they would like, Insider was told.
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Deals
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Buyers sought for Devon hotels
The Torbay Court Hotel in Paignton and Bute Court Hotel in Torquay have been put up for sale after they fell into administration. Vivian Bairstow and Neil Mather have been appointed as joint administrators and the properties are continuing to trade under their control while buyers are sought.
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Triodos lends more than £500m
Bristol-based sustainable bank Triodos has announced its UK lending commitments have passed £500m.
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£150m fund emptied at Yorkshire Bank
Yorkshire Bank’s £150m fund to support UK small and medium-sized businesses has emptied. The fund, which was initially £100m and later extended to £150m, was launched by the bank in June 2009.
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Property
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Stoneyard Lane wind farm set for green light
Plans for the Stoneyard Lane wind farm in Gloucestershire should be approved, according to planning officers. South Gloucestershire Council planning committee is to make its decision at a meeting on Thursday 17 March.
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Jehu wins Portishead contract
Jehu Project Services has been awarded a contract to build a hotel and supermarket in Portishead. Loc8 Developments is leading on the £7m project.
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SW landlords urged to check small print
Commercial landlords in the South West should scrutinise the wording of their insurance policies, or they could lose out on claims over vacant properties, according to Colliers International.
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Business
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KPMG in University of Exeter link-up
A new scheme where students can study for a degree and an accountancy qualification for free while they get relevant paid work experience has been launched by the University of Exeter and KPMG.
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Vistair safety system selected by easyJet
Bristol-based Vistair has signed a contract with easyJet to provide the airline with a web-based safety reporting and management system.
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Paul McKenna in new Lloyds role
Lloyds Bank Corporate Markets has appointed a new relationship manager. Paul McKenna will work with businesses across the Severnside region, which includes Gloucestershire, Herefordshire, Swindon and the surrounding areas.
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