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Wales
Wednesday 8 July 2020

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Resilience funding for engineering firm

An engineering business which supports a range of industries has secured backing from the Welsh Government's Economic Resilience Fund to help it deal with the impacts of the coronavirus pandemic.
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Insider Feature
Feature 1

Business Matters: Ambitious management teams in Wales will find opportunities to grow

Dewi Hughes, head of LDC in Wales, says making predictions at any point of the economic cycle is difficult, but right now it's almost impossible. The biggest public health emergency in living memory has had an unprecedented impact on businesses everywhere, and Wales is no different.
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Deals

HSBC backs introduction of Snowdon hybrid locomotives

New hybrid locomotives are set to run on the slopes of Snowdon with the backing of HSBC Equipment Finance UK.
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Halfords secures £25m CLBILS boost

A total of £25m has been secured by Halfords through the government's Coronavirus Large Business Interruption Loan Scheme (CLBILS) as "contingency funding".
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BFS provides £40m during record month

Bibby Financial Services (BFS) provided £40m in fresh funding facilities during June as it continued to grow its support for larger SMEs.
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Business

Job concerns for Welsh hospitality industry

At least 30,000 job losses are expected in the Welsh hospitality sector, according to new data, with almost half of these have having already happened.
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Business organisations hail Sunak’s Kickstart Scheme

Business organisations have hailed the government's Kickstart Scheme, which will allow employers to offer subsidised work placements for young people claiming Universal Credit.
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Aldi CEO makes British meat vow

The chief executive of Aldi's UK arm has vowed that the supermarket will only ever sell fresh chicken and beef from British farmers. The chain has also ruled out selling chlorinated chicken or hormone treated beef, regardless of any future trade deals.
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UK’s LCV market falls by almost a quarter

The UK new light commercial vehicle (LCV) market fell 24.8 per cent in June, as lockdown measures eased and businesses began to return to work, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Property

Partner promotion at Knight Frank

Property consultancy Knight Frank has promoted its head of property asset management for South Wales and the South West from associate to partner.
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Office investor launches £300m fund

An investor in regional offices has launched its third UK commercial real estate fund with a target size of £300m.
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Manufacturing

Bridgend plans suspended by INEOS Automotive

INEOS Automotive has suspended the post-lockdown resumption of work at the Bridgend site it had previously earmarked for production of its new 4x4 vehicle while it reviews its manufacturing strategy.
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Member Exclusive News

Anwyl Homes starts on latest scheme

The Lancashire arm of Anwyl Homes has started work on a 72-strong scheme.
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