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West Midlands
Friday 24 April 2020

Latest News

Top Story

HS2’s Curzon Street station approved

Birmingham's Curzon Street HS2 station has been approved. It will include seven high speed platforms and is due to open in 2026.
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Insider Feature
Feature 1

Ask the expert: How to effectively manage businesses working remotely in the time of coronavirus

With people across the world remote working, Dr Yanguo Jing, associate dean at Coventry Business School, looks at how to do so effectively.
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Deals

Fundraising success for Coventry Rugby

Championship club Coventry Rugby have raised more than two thirds of their crowdfunding target to help them "bridge the financial chasm" caused by the coronavirus pandemic and honour its payments to local companies and suppliers.
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DWF agrees to increase RCF by £15m

DWF, which has a Birmingham office, has secured an in principle agreement to increase its committed revolving credit facilities (RCF) as it looks to navigate the ongoing pandemic.
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CMA clears £6.2bn Just Eat deal

The proposed £6.2bn merger between Just Eat and Takeaway.com has been cleared by the Competition and Markets Authority (CMA).
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Firm’s hand sanitiser move made after financial boost

A family-owned Herefordshire bottling and packaging firm is responding to the Covid-19 pandemic by manufacturing its own hand sanitiser after securing an additional overdraft facility from HSBC UK.
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Invoice finance firm launches Covid-19 package

Invoice finance firm Optimum Finance has launched a support package for UK SMEs affected by coronavirus.
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Insider Feature
Feature 2

Business Matters: Coronavirus Business Interruption Loan Scheme (CBILS) – Businesses need to take a step back before applying

Roy Farmer, corporate finance partner at Dains Accountants, says before businesses apply for loan support under the government backed Coronavirus Business Interruption Loan Scheme (CBILS) it is worth a few minutes of reflection to consider how to make the application successful.
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Business

Severn Trent to pay smaller suppliers £38m early

Water and waste company Severn Trent has arranged for £38m to be paid to its smaller suppliers early to help support them through the Covid-19 crisis.
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SMEs receive £2.8bn of CBILS funding but more work needed

The banking and finance sector has provided more than £2.8bn of lending to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS). However, the British Chambers of Commerce (BCC) has said that more work is needed to meet the demand from UK businesses.
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Property

Fresh consent for 51-storey apartment tower

Fresh consent has been granted for a 51-storey tower to be constructed in the centre of Birmingham. The £160m project is set to be the city's tallest residential building.
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New multimillion-pound investments confirmed by WMCA

A further suite of multimillion-pound investments to unlock and transform former industrial sites has been approved by the West Midlands Combined Authority.
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Former Molson Coors Brewery site to be sold

The former Molson Coors Brewery in Burton-on-Trent, which has been earmarked for a residential-led, mixed-use scheme, has been put on the market.
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Delay threatens £400m retail park deal

Hammerson has warned that it is willing to terminate a £400m deal to sell nine retail parks after the buyer revealed it does not intend to complete the transaction on the agreed date.
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Work to restart on affordable housing scheme

Construction work has restarted at the Queen’s carpet maker's former sports ground in Kidderminster. The £8m affordable housing scheme was close to reaching the topping out stage for the first tranche of new homes before all work was paused due to the Covid-19 lockdown.
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Building contractor reopens half of its sites

Stoke-on-Trent-based building contractor Novus has reopened a number of its construction sites across the UK as it starts the first phase of its coronavirus mitigation plan.
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Manufacturing

JLR reveals production restart date

Jaguar Land Rover has revealed plans to gradually resume production from 18 May.
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Electric taxi maker halts supplier payments

Warwickshire-headquartered electric taxi maker LEVC has halted payments to its suppliers.
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Rolls-Royce-led consortium names new interim CEO

A consortium of companies developing a compact nuclear power station, which is led by Rolls-Royce, has appointed an interim chief executive.
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Other News

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Member Exclusive News

MG Motor supplying PPE to hospitals

Car maker MG Motor, which is headquartered in Birmingham, is supplying PPE face masks to hospitals in the UK and Ireland.
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New hire for Godwin Developments

Multi-sector property business Godwin Developments has expanded its Birmingham team with a new appointment
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