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HSBC
14:45, 11 JUN 2020
What's happening with the Development Bank of Wales' bid to be a CBILS lender?
Coronavirus
It applied to be a lender under the British Business Bank administered scheme two months ago
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Pushchair manufacturer Cosatto turns to online to sell direct to consumers
SMEs
Due to lockdown restrictions, the business has experienced a serious decline in demand as the majority of its partner retailers are closed.
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Healthcare firm H&R Healthcare sold to Dutch multinational
Yorkshire & Humber
H&R is a leading º£½ÇÊÓÆµ distributor of healthcare products and a major supplier to the NHS
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The Welsh firms raising millions to expand and create new jobs
Deals
Those expanding include Bikmo, Hybrisan, Penderyn and Coleg Cambria
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Bristol teens win Young Enterprise area final with reusable straw company Infinity Strawz
South West
Young entrepreneurs across the country have set up companies over the last academic year
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Penderyn secures multi-million finance facility to open Llandudno whisky distillery and increase production
Food and Drink
The South Wales brand obtained planning permission for the new distillery last week
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Land Rover Defender restoration specialist Arkonik lands seven-figure sum, saving 80 jobs
Finance
The money will be used to pay staff, suppliers and support cash flow the company said
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Derby electronics firm in seven-figure funding boost to help it through coronavirus crisis
SMEs
Tioga will use the financial support to protect workforce and prepare for production restart
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Baywater Healthcare to increase workforce by 20% as part of rapid expansion following HSBC funding package
North West
Baywater's plans include more staff, delivery vehicles, distribution hubs - and £5m of medical equipment over the next 12 months
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£30k cash boost helps supplement business meet healthy order book
West Midlands
The company has secured an increased overdraft facility with HSBC º£½ÇÊÓÆµ
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Wholesale business saved by diversifying into home deliveries
Coronavirus
CBILS cash enables Exeter firm to diversify and keep operating during pandemic lockdown
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Prime Global Medical Communications acquires Cambridge firm with help of seven-figure HSBC funding package
North West
Cheshire firm says move will increase its market share in the º£½ÇÊÓÆµ and internationally
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Automotive components supplier gets bank boost to help it through coronavirus crisis
Automotive
Knott-Avonride receives support from HSBC to safeguard its workforce
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New lenders revealed for the Bounce Back Loan scheme
Economy
The latest accredited lenders are Allied Irish Bank, the Co-operative Bank and Starling Bank
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New HSBC funding for Spillard Safety Systems
West Midlands
Specialist vehicle equipment supplier secures new package to help it continue during coronavirus lockdown
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The Welsh firms raising millions to expand and create new jobs
Deals
The Welsh firms raising millions to expand and create new jobs
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West of England Combined Authority launches task force to kick-start region's economic recovery
Economy
The initiative involves businesses, universities, councils and local enterprise partnerships
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Tech giant adds e-learning firm as sector 'explodes' during lockdown
Creative & Digital
TCEG already owns trailblazing digital firms such as Plymouth's The Moment and has now added a Belfast online educator
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Pottery firm Emma Bridgewater secures £8m investment
West Midlands
The cash boost from BGF will support further º£½ÇÊÓÆµ growth and international expansion
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East Yorkshire arable farmer enters chicken business with 215,000-bird start-up operation
Yorkshire & Humber
£2m funding package is no paltry investment for poultry opportunity
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Notts property developer moving ahead with plans to extend facilities at Kilvington Lakes in Vale of Belvoir
Leisure & Touism
The vast water sports centre is being created at a former quarry on the Nottinghamshire/Leicestershire border
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Fast food franchisee adds two Subway outlets to original Scunthorpe venture
HSBC
£310,000 finance deal sees retail park outlets taken on by town centre operator Muhammad Ali
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Plastics products manufacture Nylacast buys smaller rival
Engineering
Nylacast employs around 530 people and has a turnover of around £50 million
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HSBC º£½ÇÊÓÆµ boosts West Midlands corporate team and more appointment news
West Midlands
Bank appoints quartet to regional team, Burns & McDonnell expands Birmingham office and PwC targets cyber security with partner hire
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