Today's West Midlands business news from Insider |
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West Midlands
Monday 20 July 2020

Latest News

Top Story

Approval tipped for up to 200 new homes

Proposals to construct up to 200 homes in Staffordshire have been recommended for approval. Councillors are set to vote on the plans at a virtual meeting next week.
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Insider Feature
Feature 1

Business Matters: Redundancy and Covid-19 - five pitfalls to avoid

Lucy Twomey, HR and legal adviser at Make UK, says as businesses consider how to survive the economic impact of Covid-19, the stark reality is that, for many, redundancies are now unavoidable. Managing a redundancy procedure can be challenging in normal circumstances but Covid-19 has added new complexity.
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Deals

£400m of funding unveiled for aerospace sector

The UK's aerospace sector is to benefit from £400m of funding to help projects get off the ground and support the sector's recovery from the coronavirus pandemic, the UK Government has announced.
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Jobs safeguarded as firm receives pandemic boost

All jobs at a Warwickshire-based specialist membership and insurance company for the health and beauty sectors have been secured after the business received a Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank.
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US investor lowers stake in listed bank

A US investor in Solihull-headquartered Secure Trust Bank has reduced its stake.
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Springboard advises on PE-backed firm’s latest deal

The Birmingham office of Springboard Corporate Finance advised a private equity-backed brokering and insurance group on its latest acquisition of a company which has a base in Dudley.
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Dairy farm receives five-figure funding support

A family-run dairy farm set within National Trust grounds near Shrewsbury has secured a five-figure funding package from Barclays.
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UK companies buoyed by PE and VC boost

Private equity and venture capital investment into UK businesses increased last year, according to new data.
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Insider Feature
Feature 2

Business Matters: How will your SME accelerate its recovery and growth after lockdown?

Andy Moss from The FSE Group says as we slowly and cautiously ease out of lockdown and start to adjust to the "new normal", and what that looks like, The FSE Group is keen to ensure that Midlands based SMEs are aware of the funding options available to them, in order to support them during these uncertain times and to assist them in accelerating their growth post lockdown.
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Business

“No limits” to ambition to develop The Hub - business leaders

The Midlands must have no limits on its ambitions to develop "the goldmine" of the UK Central Hub – the project set to bring more than 70,000 jobs and £6bn a year to the regional economy, a panel of business leaders has said.
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Pandemic causes profit warnings to hit record highs

The number of profit warnings issued by listed businesses in the Midlands rocketed during the first half of 2020, new figures from EY have shown.
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Deal safeguards restaurant jobs but site closures lead to 1,200 redundancies

The operator of the ASK Italian and Zizzi restaurant chains and Coco di Mama food-to-go outlets has been sold out of administration in a deal which safeguards about 225 sites and approximately 5,000 jobs. But a further 75 sites are to close with the loss of about 1,200 jobs.
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Buyer sought for snooker hall chain as Rileys enters administration

The company behind snooker hall chain Rileys has gone into administration, with insolvency specialists now seeking a buyer for the business. Four venues have been closed as a result of the process, leading to 44 job losses.
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Leaders call for support to help businesses reopen

Business leaders have called for more support to help companies reopen from the start of August, following the updated guidance issued by the Prime Minister.
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Property

Seven-storey offices set for new apartments

A project to transform part of a seven-storey office building in Birmingham into more than 40 apartments has been waved through.
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Second council set to vote on revised power station plans

A second council is set to have its say on revised plans to create up to 2,300 homes and new jobs on the site of a former power station in Staffordshire.
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Manufacturing

Five-point plan revealed to boost aerospace supply chain

A five-point plan to boost the aerospace supply chain in the Midlands has been unveiled.
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Head of UK’s first engineering academy retires

The head of the UK’s first ever engineering academy has retired.
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Other News

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

Wren Kitchens opens city showroom

A new Wren Kitchens showroom has opened its doors in Worcester.
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Restaurant brand eyeing Birmingham expansion

Restaurant brand @pizza is seeking seven shipping container sites for its new drive-thru concept, which it plans to roll out in retail park locations initially in Birmingham and Edinburgh or Glasgow.
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