Finance

ICON advises on £3m investment to put cloud pioneer on path for more growth

September 24, 2021
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ICON advises on £3m investment to put cloud pioneer on path for more growth

Cloud services company Cloud Direct is poised for further expansion after Bristol-based tech-focused investment bank ICON Corporate Finance helped it secure a £3m strategic investment. The deal gives Oslo Stock Exchange-listed Crayon Group an unspecified minority stake in Bath-headquartered Cloud Direct, one of the UK’s leading Microsoft partners which has grown exponentially over...

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Chamber of Commerce & Initiative appoints social entrepreneur Jaya Chakrabarti as president

September 24, 2021
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Chamber of Commerce & Initiative appoints social entrepreneur Jaya Chakrabarti as president

Bristol-based serial social entrepreneur and community activist Jaya Chakrabarti MBE has become the new president of city’s Chamber of Commerce & Initiative – the membership and lobbying organisation at the heart of regional group Business West. Having served as vice-president for seven years, Jaya, pictured, replaces outgoing president Richard...

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Bristol Uni-backed SETsquared incubator grows with Cardiff University joining as sixth member

September 23, 2021
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Bristol Uni-backed SETsquared incubator grows with Cardiff University joining as sixth member

SETsquared, the globally acclaimed, University of Bristol-supported business incubator, has expanded with the addition of Cardiff University. Cardiff has become the sixth member of the partnership, which has been named three times as the world’s number one university business incubator.  SETsquared was set up in 2002 by a small...

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Firms urged to help next generation of schoolkids after pandemic disrupts their career prospects

September 23, 2021
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Firms urged to help next generation of schoolkids after pandemic disrupts their career prospects

Pioneering Bristol education charity Ablaze is calling on firms in the city to invest in developing secondary school pupils or face a new generation of employees who lack the skills they need to thrive in the workplace. The pandemic has caused unprecedented levels of disruption to schools and their...

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Business West hoping its Great British food export platform tastes success in global Chamber awards

September 22, 2021
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Business West hoping its Great British food export platform tastes success in global Chamber awards

A scheme originally set up by Bristol-based Business West to help food firms from across the South West sell abroad is competing for a prestigious international award. The online platform’s aim was initially to close the exporting gap with other UK regions.  Now rebranded as The Great British Food...

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Ex-RBS head of invoice finance joins Bibby Financial Services as it targets growth in the South West

September 22, 2021
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Ex-RBS head of invoice finance joins Bibby Financial Services as it targets growth in the South West

Specialist funder Bibby Financial Services has appointed Steve Bentley as head of sales for the South West to consolidate its support for the region’s small and medium-sized businesses. Steve, pictured, has more than 35 years’ experience in the financial services industry, with more than half spent specialising in invoice...

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Warning for troubled firms as temporary insolvency measures end and insolvencies start to rise

September 21, 2021
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Warning for troubled firms as temporary insolvency measures end and insolvencies start to rise

Businesses in Bristol are being urged to seek advice if they are concerned about the lifting of temporary insolvency restrictions. The warning has come from the regional chair of R3, the trade body for restructuring and insolvency professionals, which issued the call after the government decided to begin phasing...

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New UK-wide index puts Bristol second only to London for innovation

September 17, 2021
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New UK-wide index puts Bristol second only to London for innovation

Bristol is the second most innovative city in the UK, according to a new report, coming just behind London. The city scores 82.5 out of 100 in the new UK innovation index, which ranks 60 locations across the country on criteria such as number of start-ups, qualifications of its employees...

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Bristol fashion entrepreneur urges firms to take responsibility and work towards net zero

September 17, 2021
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Bristol fashion entrepreneur urges firms to take responsibility and work towards net zero

Nearly 200 Bristol business leaders and entrepreneurs have been told they will “face uncomfortable truths” on their journey to becoming zero carbon but had an obligation to the planet do it. Keri Andriana, pictured, founder of Bristol-based handbag brand Amschela, told the gathering, part of the nationwide Zero Carbon...

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Space game developer on launch pad for further growth after potential £6m sale

September 17, 2021
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Space game developer on launch pad for further growth after potential £6m sale

Bristol-based video games studio Auroch Digital has been acquired by a major player in the sector in a deal worth up to £6m. Sheffield-based Sumo Group said acquiring Auroch Digital, best known for its Mars Horizon space game, gave it access to the growing talent pool in Bristol while adding...

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HSBC funding to help skateboard firm ramp up its international growth

September 17, 2021
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HSBC funding to help skateboard firm ramp up its international growth

Bristol action sports equipment firm Shiner is looking to expanded further into global markets after securing a £8.5m finance package from HSBC. The third-generation family business, which manufactures and distributes lifestyle goods and action sports equipment such as roller skates, skateboards and protective gear, recently expanded into the US and...

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Osborne Clarke advises AIM-listed specialist medical firm on £36.3m fundraising

September 16, 2021
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Osborne Clarke advises AIM-listed specialist medical firm on £36.3m fundraising

Lawyers based in the Bristol office of international legal firm Osborne Clarke have helped secure a £36.3m fundraising for a medical device company specialising in the emerging field of surgical endoscopy. Creo Medical Group, based in Chepstow with satellite offices in Bath and the US, raised the funds through...

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Optimum Finance powers up its presence in the Midlands with regional director appointment

September 16, 2021
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Optimum Finance powers up its presence in the Midlands with regional director appointment

Bristol-based invoice finance provider Optimum Finance is looking to grow its business in the Midlands following the appointment of a new regional director. Ewan Clarke, pictured, joins with a background in both insolvency and corporate finance -experience that Optimum Finance said would be invaluable to Midlands businesses seeking additional finance for sustained growth, business...

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