Swindon & Wiltshire Business News

Wiltshire Council issues £1.5 million to coronavirus-hit businesses

Philip Whitehead

 

Around £1.5 million has been issued to small businesses this week as Wiltshire Council starts to release vital grants to support struggling businesses during the coronavirus outbreak.

Earlier this week the council wrote to over 8,000 businesses eligible for either a £10,000 grant for businesses in receipt of Small Business Rates Relief (SBRR) or rural rates relief and up to £25,000 for businesses in the retail, hospitality and leisure sectors with a rateable value of less than £51,000.

Nationwide abandons plans to enter business banking market

Joe Garner

 

Nationwide Building Society is scrapping plans to enter the UK business banking market, saying the coronavirus pandemic has made it unviable.

The Swindon-based society said it will return the £50 million grant funding it was awarded from the Banking Competition Remedies’ Capability and Innovation Fund and won't participate in the Incentivised Switching Scheme.

Print firm secures Beacon unit

Unit 207 Beacon Centre

 

A prime industrial/warehouse unit on a new development at Amesbury’s Solstice Park has been snapped up by a company working the print, prop and interior design field.

The end-terrace Unit 207, Beacon Centre has been acquired by Vizual Koncept Ltd in a deal brokered by property consultancy Myddelton & Major.

Relaxation of insolvency rules welcomed

Alok Sharma

 

A relaxation of the insolvency rules to help businesses weather the storm of coronavirus has been welcomed by business groups.

New rules will allow companies to continue buying supplies such as raw materials or energy while they attempt a rescue.

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