Business

Azets South Molton bolsters team with four promotions

Following a period of growth, Azets, the UK’s largest regional accountancy firm and business advisor to SMEs, has announced four promotions in the South Molton office.

Lewie Parker , Carl Power and Georgia Bere have all been promoted to Assistant Manager, having each been with the company for over five years and individually passing the Association of Chartered Certified Accountant (ACCA) exams. Lewie, Carl and Georgia will all be responsible for clients of their own across multiple service offerings such as tax and bookkeeping, within a variety of industries.

After...

Launch of Devon’s £9.3m Community Renewal Fund programme

Authored by News Desk
Posted: Tue, 01/18/2022 - 6:11pm

Team Devon partners are embarking on the UK’s largest Community Renewal Fund programme.

Devon County Council’s successful bid on behalf of the Team Devon partnership to the Community Renewal Fund was announced by the Government in late November, with the £9.3 million funding allocation the largest in the UK for a single area.

The investment will support 13 innovative projects over the next six months, including a range of employment and training, environmental and community investment across Devon through to mid-2022.

In total, the £9.3m programme is expected to...

OnBuy reveals new Bournemouth HQ as it continues to drive the ‘Silicon Beach’ tech start-up scene

Authored by News Desk
Posted: Tue, 01/18/2022 - 5:12pm

UK-based online marketplace, OnBuy , continues to support the Southwest, announcing a deal for new office space in Bournemouth Town Centre.

The move follows an incredible year of growth for the eCommerce innovator, resulting in a need to scale up its headquarters to accommodate the influx of new employees joining the company. After a recruitment drive that mirrors its impressive company growth, OnBuy has seen its team expand from a humble few to more than 100 members. Furthermore, this number continues to rise after the launch of its employee equity scheme in December 2021,...

Government support and expert advice for tackling the talent shortage

Authored by Astley Media
Posted: Tue, 01/18/2022 - 11:40am

A recent survey of the South West tech sector commissioned by Tech South West revealed that over half of tech companies in the region are finding it impossible or very difficult to recruit.

This is perhaps par for the course given the meteoric growth of the region’s tech sector, which has seen an increase in Venture Capital investment of over 500% since 2016 and a corresponding boom in job roles to fill.

Tech companies are also increasingly forced to compete with national companies for homegrown talent, as remote working makes it easier for people in the region to work for...

Foot Anstey completes Coca Cola HQ acquisition worth £43.6m for Sidra Capital

The Islamic Finance team at national law firm, Foot Anstey LLP, has advised the Saudi based investment management firm Sidra Capital on a strategically aligned real estate acquisition worth £43.6m. This is the latest acquisition Foot Anstey's Islamic Finance team has advised Sidra on, having acted for the firm in 2021 on a real estate acquisition worth £19m.

In this latest deal, Sidra Capital has acquired Coca Cola Uxbridge Head Quarters for £43.6m, a prime located, 122,000 sq. ft., office asset let to Coca-Cola Europacific Partners PLC and representing a 7% net initial yield....

Helping local, family-run businesses thrive 

Authored by News Desk
Posted: Mon, 01/17/2022 - 10:31pm

A young, female entrepreneur, who recently took over the family business from her Mum, has launched a programme to help other youngsters prepare for running their family business.

The South West is home to thousands of family-run businesses. In fact 92.1% of ALL private firms here are family-owned - the highest concentration in the country. Chances are, most people reading this article are part of a family business or work with one on a regular basis.

When you say ‘family business’ it conjures up images of personal service, quality and trustworthiness. Cider makers, farm...

University Accelerator partners with enterprise hub to boost Devon startups

Startup and potential high growth businesses in Devon are set to receive a new year boost following the collaboration between the University of Exeter SETsquared Exeter programme and the Node Enterprise Centre .

The partnership will see SETsquared Exeter work together with Node’s startup support experts to strengthen its offering and grow its network, reaching out to more potential business founders across the region.

This comes as part of the University of Exeter Enterprise Zone project. Made possible due to funding from the ERDF, it has boosted the expansion of its...

5 Reasons Why Business Insolvency in the UK is at a 35 Year Low

Authored by Val Watson
Posted: Mon, 01/17/2022 - 2:30pm

The real reasons behind the UK’s record low numbers of business insolvencies in 2021 will be explored in this article.

No matter what industry or sector you’re in, starting a new business will always carry with it an element of risk. There’s nothing more disheartening than putting your heart and soul into a new business, only to see it fail. But, the good news for UK business is that, in February 2021, the number of business insolvencies and bankruptcies dropped by a record 49 percent compared to February 2020.

While this may be encouraging news for business owners -...

The Best Online Marketing Strategies for Small Businesses

Authored by Val Watson
Posted: Sun, 01/16/2022 - 6:23pm

Businesses, no matter what industry they are in, need to have a good marketing strategy if they want to be successful. Marketing is all about creating awareness of a company and its products or services and reaching as many people as possible. There are many different types of marketing strategies, and each one has its strengths and weaknesses. There are also various tools available that can help you capture more leads, increase sales and reduce cart abandonment since more and more people move away from brick and mortar stores and move online. One such toolkit is found on Socital’s...

Blue Monday and further Covid uncertainty could compound work-related stress in 2022

Authored by News Desk
Posted: Sat, 01/15/2022 - 11:13pm

Whilst the post-Christmas period can leave many individuals feeling deflated, these January blues will only be compounded further as the uncertainty surrounding Covid continues to loom, and cases related to the new Omicron variant are on the rise.

With the Government now advising people to work from home where possible, this uncertainty will unfortunately be converted into work-related stress for a lot of people, especially if the new guidelines make it increasingly difficult for them to remain productive upon their return to work.

Even without these external pressures,...

72% of tech leaders in the South West put purpose before profits

Authored by News Desk
Posted: Sat, 01/15/2022 - 9:48pm

A survey of over 300 leaders of tech SMEs across the Southwest has revealed what makes the region so well suited for both new and experienced entrepreneurs to set up shop.

The research, commissioned by Bristol-based Antidote Communications, in conjunction with TechSpark, found that 36% of surveyed tech business leaders identify as female. This far surpasses the national averages of 22% of tech directors , 17% female startup leaders ( Startup Salary Survey ) and only 8% of the FTSE CEO s.

The research also highlighted further areas where the Southwest proved to have fewer...