No images? Click here Welcome to the August Edition of SPARKAs our world is returning to some form of normality (the new normal), we are looking back at the past few months; we have observed, across the Innovation Centres, a wide variety of coping mechanisms being adopted by businesses following the restrictions imposed by the lockdown. It is reassuring to witness the creativity, flexibility and resilience demonstrated by our tenants & clients, who have weathered the storm, despite the circumstances. We have seen companies adopting agile working practices; we have seen companies reinventing themselves and pivoting; we have seen companies "bucking the trend"; and we have, sadly, seen companies winding down operations to minimise the damage that Covid would have on their business. To find out about some examples please read the stories section in our newsletter. Thankfully, our local business ecosystem is robust, and can make its contribution to help the region, and the country, recover in the coming months and years. Innovation is one of the key driving forces behind the recovery of our region, and we are proud to be working with so many pioneering companies with the potential to spearhead this recovery. Our specially trained Innovation Centre teams are committed to support the safe return-to-on-site-work for our tenants, and to support with appropriate Health & Safety advice, as required. Please do follow the guidelines, and the instructions from our staff; the rules are there to safeguard everyone. We will continue to refresh the dedicated Covid section on our website with news and updates, so do please check this regularly to keep yourself informed. We recognise that these are challenging times for every one of us, but we are here to help you. For hands-on business support from an experienced adviser, please contact our dedicated support team who have helped scores of companies on their respective journey to recovery and growth. Warwickshire PPE firm set up by businessman inspired by brother who contracted COVID-19 sees rapid growthA Warwickshire businessman has received vital support to help set-up a social enterprise supplying PPE equipment, motivated after his brother contracted Covid-19 at the start of the pandemic. Harris Qais, from Tanworth-in-Arden, has launched HealthCorm Ltd which supplies PPE (personal protective equipment) to businesses and organisations including NHS trusts, care homes, dental care groups and hair and beauty salons. Stratford business triples its workforceOne of the UK’s largest online pet stores based in Stratford-upon-Avon has tripled its workforce to cope with a rising demand from animal owners across the UK during Covid-19. Warwickshire company set to double turnover and take on new staffA Warwickshire company that specialises in manufacturing blinds for complex buildings is planning to more than double turnover and take on new staff after investing in its growth. £5m to help SMEs through the PandemicCWRT are one of the British Business Bank accredited lenders delivering the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS). New Innovate UK Grant Funding CompetitionsInnovate UK have recently launched a number of new funding competitions to help tackle industry challenges ranging from sorting nuclear waste to psychological therapies. Asset-based & Cashflow loans – The DifferenceAccessing debt finance is a means of borrowing money for a set period of time to help a business realise their plans. Companies receive a loan against a set criterion and for a specific purpose. Asset and cash flow based loans are two of those examples. Teenage entrepreneur from Coventry sets up office in the cityA teenage entrepreneur in Coventry, who was turning over £12,000 when he was in Year 9 at school, has moved into his first office and is preparing to take on his first member of staff. Eatron lands German Tier-1 Hirschvogel Automotive Group as a Strategic PartnerEatron®, a leading developer of AI-powered software products for autonomy and e-mobility, has secured €1M+ investment from Hirschvogel Ventures – the strategic investment arm of the Hirschvogel Automotive Group. What to do in the event of a COVID-19 outbreak in your workplaceBusinesses in Coventry and Warwickshire are being urged to make sure they stay informed on the latest Government Guidance on Coronavirus. Barclays Entrepreneur Awards 2020Congratulations to our colleague Alex Toft, Head of the Minerva Business Angel Network for winning this year's Barclays Regional Icon of the Year award. Marketing with Substance Not Fluff Webinar – Part 1📆 18th Aug: A webinar for business leaders who feel that their marketing activities have become disconnected from the main business. Maximising Employee Engagement Webinar – Part 2📆 27th Aug: An overview of how to engage your staff with the business through effective appraisals and setting clear objectives. Raising Finance for Business Webinar📆 8th Sept: This comprehensive webinar will explain the various types of business funds available, including debt, equity, crowdfunding and grants. Tailored One-to-One Business Support Session📆 12th Aug: The CWLEP Growth Hub are pleased to offer these fully-funded, one to one sessions for SME business owners* in Coventry & Warwickshire. ChamberLIVE: Virtual Speed Networking📆 27th Aug: The Chamber of Commerce Virtual Speed Networking will give you the opportunity to connect with fellow members. BCC Webinar: In Conversation with Andrew Bailey📆 22nd Sept: Dr Adam Marshall will be joined in conversation by Andrew Bailey, the Governor of the Bank of England for a Global Insights Leaders Programme event. |