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Central and East
Monday 6 April 2020

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LocoSoco secures additional site to handle demand surge

Community focused technology company LocoSoco, which sells environmentally friendly hand sanitiser and refill stations, has secured an additional site to handle the surge in demand and to help support businesses during the Covid-19 crisis.
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Insider Feature
Feature 1

Ask the Expert: Do law firms need to undertake due diligence on IFA businesses?

Proposed guidelines from the Solicitors Regulation Authority (SRA) show an increased need for due diligence when it comes to referrals with Independent Financial Advisers (IFAs). What does this mean for law firms? John Duns from Fairstone finds out.
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Deals

Specialist services firm sold for £7m

A specialist asbestos removal and Covid-19 decontamination company has been snapped up in a deal worth up to £7m. Birketts advised on the transaction.
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Earthworm invests further £1.1m into Vertical Future

Oxfordshire-based impact investor Earthworm has pumped a further £1.1m into vertical farming company, Vertical Future. 
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Angling Direct secures short-term cash injection

Specialist fishing tackle retailer Angling Direct has secured a short-term £2.5m credit facility as it deals with the coronavirus outbreak.
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Business

Retailers hit by coronavirus shutdown

Department store chain Debenhams is reportedly on the verge of entering administration with the ongoing coronavirus crisis also hitting other retailers.
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Firms working on Covid-19 antibody programme

Ergomed, the specialist services provider to the pharmaceutical industry, is providing support for an antibody therapy for the treatment of patients with rapidly worsening Covid-19 symptoms. The programme is led by Oxford-based Izana Bioscience.
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Government reveals new £20m fund for R&D businesses

The government has unveiled a new £20m fund for R&D businesses designed to help build UK resilience following the coronavirus outbreak.
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Property

Bank supports demolition company as work pauses

A Chelmsford-based demolition company has secured the future of its 33-strong workforce with the support of Lloyds Bank.
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Luton office investment bought for £62m

An office investment in Luton has been acquired for £62m.
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