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SMEs

Fresh funding boost for West Midlands creative tech firms
West Midlands
Initiative is bringing together the RSC with local universities and industry to enable firms to connect with the region's arts sector
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Recite Me secures £4.6m follow-on investment from backers BGF
Technology
Its web accessibility software is now used by more than seven million people around the world
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Insurance brokerage moves to new base
West Midlands
Norton has expanded into a new office in Birmingham
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Scale-up firms might be few in number but their impact is immense
Economy
Scale-up firms make up just 0.6% of the º£½ÇÊÓƵ’s business population but contribute 55% of the total output generated by SMEs,
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Flexible office firm sees profits rise despite low occupancy levels
Commercial Property
Workspace, which manages millions of square feet of office space across London, saw a 4.3% boost in underlying rental income, taking it to a total of £60.2m
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Sunderland's º£½ÇÊÓƵ Independent Medical plots 180 new jobs following acquisitions
SMEs
The Rainton Business Park business has its sights on growth over the coming years
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New HQ for growing Birmingham company
West Midlands
Duraclean will move to new 10,000 sq ft base on business park early next year
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10 questions for Vicky Mears of the British Business Bank
People
The director, º£½ÇÊÓƵ Network – Midlands and North of England at the economic development bank answers our questions
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The certification which could help grow your business
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Gain ISO certification with help from ISOQAR and improve your business's standards
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New fund launches to support fast-growing firms in South West
South West
Private equity firm Foresight Group is planning to open offices in Exeter and Bristol to oversee the fund's distribution
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Sage Foundation and Village Capital team up to help social impact entrepreneurs
SMEs
The social impact arm of Sage is working with the non-profit organisation that focuses on unlocking social and financial capital for early-stage entrepreneurs
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Tyneside tech firm ITC Service on acquisition trail following £7m investment deal
Deals
ITC has secured the seven-figure sum from growth capital investor BGF
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Former football ref appointed global chamber's president
West Midlands
Janie Frampton is the second woman ever to officiate in the men's professional game in England
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New funding backs West Midlands innovators and inventors
West Midlands
Combined authority has secured a fresh round of funding to support brace of business support programmes
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£1m on offer to high-growth West Midlands businesses
West Midlands
Midven and FundingHero have teamed up to run a mentoring and accelerator programme
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Growing Newcastle business advisors RMT snaps up KSA Group in undisclosed deal
Deals
The deal marks RMT’s third acquisition since it became part of the Sumer Group
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Employment growth in º£½ÇÊÓƵ SMEs plummets following Autumn Budget's NIC increase
By City AM
The rolling six-month average for annual employment growth in full-time jobs dropped to 2.6 per cent at the end October, down from 12.8 per cent in October of last year
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Plaid Cymru call on Welsh Government to increase business rate support
Welsh Government
It said it should use the £1.7bn consequential from the º£½ÇÊÓƵ Government's Budget to reinstate the 75% business relief rate level
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Tyneside technology giant Sage buys Barcelona firm as expansion continues
Technology
Cobalt-based Sage has bought three overseas firms in the last few months
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Shawbrook Bank's loan and deposit books surpass £15bn amid robust demand in real estate
By City AM
The specialist bank said demand for lending had surged through the opening nine months of the year
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Leeds' Utc Travel receives £275k investment to grow online offer and create jobs
SMEs
The firm targets the employee benefit market, partnering with organisations such as John Lewis and the British Chamber of Commerce
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Yorkshire electric bus importer brings hundreds of vehicles to º£½ÇÊÓƵ with £93.5m funding package
Automotive
Pelican Engineering Group has used bank funding to bring battery electric buses to the country from China
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º£½ÇÊÓƵ and South Korea resume trade talks focusing on tech and digital services expansion
By City AM
The º£½ÇÊÓƵ and South Korea share a trade relationship worth some £17bn in the year to June 2024, officials said, with the talks the third to resume post-Labour's election win
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Humber workspace specialist Chameleon Business Interiors acquires Hunters Contracts North
Deals
The 25-year-old Hull-based firm, which delivers projects at home and oversees, said the purchase was a pivotal moment
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