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Top story
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Gloucestershire set for £50m Cheltenham Festival bonanza
The Cheltenham Festival starts tomorrow and the four-day event will bring millions of pounds into Gloucestershire, according to Edward Gillespie, managing director of Cheltenham Racecourse. Gillespie told Insider that he believes “the positive impact of the festival will be approximately £50m on the county – and that is totally separate from money spent at the actual festival”.
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Deals
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Chamber opens Portishead business fund
Portishead-based organisations are being invited to apply to the Portishead Chamber of Commerce community fund for financial grants. Requests for donations will be assessed by the chamber’s donations committee and worthy causes will be awarded money.
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£860m renewable scheme to create SW opportunities
An £860m fund to grow the take-up of renewable heat generation in the UK is a ‘great opportunity’ for West country businesses, according to Exeter-based law firm Stephens Scown.
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Green Investment Bank 'must be able to borrow'
The UK could lose out on billions in green energy investment if the government waters down its plans for a Green Investment Bank, MPs have warned.
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Property
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Taunton estate gets £1.65m HCA investment
Plans to redevelop Ruskin Close in Taunton have received a boost with a £1.65m investment from the Homes and Communities Agency (HCA). The funding allows Knightstone Housing Association to begin replacing 36 empty one-bed council flats with 46 new homes.
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Hi-tech centre opens in Bristol
Companies are being invited to develop and test technologies at a new site in Bristol. The Advanced Simulation Research Centre (ASRC) is a facility "dedicated to developing and demonstrating simulation".
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End of an era for Gloucester office market
Gloucester will reach ‘the end of an era’ once a last remaining office in Waterwells House is occupied, according to city property agent Alder King. The company said the 10,070 sq ft building, on Waterwells Business Park, is the only out-of-town new grade A office of its size and once it is occupied, companies will find it difficult to find large office space.
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Business
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Insider panel to debate Exeter's prospects
Insider is bringing together senior figures from the public and private sectors at a panel event to discuss Exeter's economy, redevelopment and future prospects.
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‘Steady growth’ for Cornish Mutual
Insurance firm Cornish Mutual said it has had "steady growth" during 2010, with after-tax profits up 11 per cent to £2m. This has been revealed ahead of the company’s AGM, which is due to be held on 31 March 2011.
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Pennon in rubbish agreement
Exeter-based Pennon Group has announced that its subsidiary – Viridor Oxfordshire – has won a 25-year residual waste treatment contract with Oxfordshire County Council.
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