Finance

Bristol battery storage developer powers ahead with £20m investment from its new owner

February 16, 2024
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Bristol battery storage developer powers ahead with £20m investment from its new owner

Fig Power, the Bristol-based energy storage and generation systems developer, is looking to expand further after being acquired by a green investment company. New owner The Renewables Infrastructure Group (TRIG), a FTSE 250 investment company which mostly invests in wind and solar power, is to invest £20m into Fig...

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‘Amazement park’ secures impact funding to support its mission to widen access to Bristol’s creativity

February 15, 2024
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‘Amazement park’ secures impact funding to support its mission to widen access to Bristol’s creativity

Bristol impact investor BBRC (Bristol & Bath Regional Capital) has backed the city’s unique Wake The Tiger immersive visitor attraction with funding worth £350,000 to support the next stage of its ambitious growth. The ‘amazement park’, pictured, opened its long-awaited 1,000 sq m OUTERverse second phase to the public...

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Takeover that keeps vital air ambulances flying is put together by Bristol professional advisers

February 15, 2024
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Takeover that keeps vital air ambulances flying is put together by Bristol professional advisers

The Bristol offices of international law firm Osborne Clarke and accountants FRP Advisory have teamed up to secure a deal that keeps critical air ambulances operating across a large part of southern England. The team from Osborne Clarke advised Specialist Aviation Services Limited (SAS), and its joint administrators from...

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New investment for Bristol-based mental health app helping millions through power of peer support

February 12, 2024
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New investment for Bristol-based mental health app helping millions through power of peer support

Bristol-based Talklife, the world’s largest peer support network for mental health, has secured investment from a Canadian fund to rapidly grow its pioneering platforms and build its presence in the North American market. Talklife’s founder Jamie Druitt’s personal experiences inspired him to create the app, which tackles issues such...

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£4m investment for pioneering Bristol software firm at forefront of tackling fraud and corruption

February 12, 2024
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£4m investment for pioneering Bristol software firm at forefront of tackling fraud and corruption

A specialist Bristol software company working internationally to help detect and prevent corruption, fraud and other crimes has raised £4m to maintain its rapid expansion. Launched more than eight years ago, Clue Software has since grown into a leading provider of software for investigations and intelligence management with a...

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Osborne Clarke helps with launch of global fund backing tech firms to take action over climate change

February 7, 2024
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Osborne Clarke helps with launch of global fund backing tech firms to take action over climate change

Lawyers from the Bristol office of international legal practice Osborne Clarke have advised on the introduction of a $250m (£189m) fund aimed at backing purpose-driven technology founders. Some $100m of the total will act as a seed fund to back 25 early-stage companies while $150m will be a climate-focused...

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Politicians urged to act as small firms’ survey paints ‘depressingly familiar’ picture of low confidence

February 2, 2024
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Politicians urged to act as small firms’ survey paints ‘depressingly familiar’ picture of low confidence

The South West’s small firms are the least confident in the UK about their prospects for this year as they continue to struggle against the state of the economy, high labour costs and the lack of available staff. Worryingly, one in five say they may have to cut their...

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Seventh acquisition for Clifton Asset Management as its ‘slick operational infrastructure’ kicks in

February 2, 2024
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Seventh acquisition for Clifton Asset Management as its ‘slick operational infrastructure’ kicks in

Acquisition-hungry Bristol financial services provider Clifton Asset Management has notched up another takeover as it aims to further disrupt the market. The firm, which has £1.5bn in assets under influence, has snapped up Portishead-based Pure Advanced Financial Planning – its seventh acquisition in recent years.  Clifton bosses have said...

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Serial innovator and investor joins SETsquared Bristol to advise its next generation of entrepreneurs

February 1, 2024
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Serial innovator and investor joins SETsquared Bristol to advise its next generation of entrepreneurs

Highly experienced venture capital and innovation specialist Kevin Simmons has been appointed to the entrepreneur in residence team at acclaimed tech incubator SETsquared Bristol. A general partner of a $50m (£39.4m) early-stage pan-African venture capital technology fund, Kevin, pictured, has helped launch several successful angel networks and has invested...

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Bristol Business Blog: Andrew Jordan, audit partner, Haines Watts Bristol. Celebrating apprenticeships

February 1, 2024
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Bristol Business Blog: Andrew Jordan, audit partner, Haines Watts Bristol. Celebrating apprenticeships

National Apprenticeship Week, which takes place early each February, is a great opportunity to celebrate apprenticeships as a means of getting young people into the workforce. For Haines Watts, apprenticeships have become a key strategy for recruitment and business development. In our Bristol office alone we have taken on...

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Ongoing tough economic conditions raise red flags over close to 4,000 struggling Bristol businesses

January 26, 2024
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Ongoing tough economic conditions raise red flags over close to 4,000 struggling Bristol businesses

Nearly 4,000 companies in the Bristol area are in ‘significant’ financial distress as the economy continues to teeter on the brink of recession, according to a new report. The 12% increase on the previous quarter shows stubbornly high interest rates and inflation alongside weak consumer confidence and rising and...

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BGF’s Bristol office taps into South West’s wealth of innovative firms to invest total of £70m last year

January 26, 2024
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BGF’s Bristol office taps into South West’s wealth of innovative firms to invest total of £70m last year

The Bristol office of growth finance group invested nearly £70m in small and mid-sized businesses in 2023, taking its total for the past three years to £190m. The long-term investor, which makes initial investments of between £1m to £20m for a minority equity stake, said it backed businesses across...

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Drain clearing firm looking to accelerate its growth with investment in specialist new vans

January 26, 2024
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Drain clearing firm looking to accelerate its growth with investment in specialist new vans

A Bristol drain clearance company is targeting a turnover of £5m this year as it continues to invest in its fleet and personnel. Trent’s Drains, which was set up by father and son Mark and Louis Trent in 2013, has grown dramatically over the past four years on the...

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