News

West Dorset’s MP fears Norchester ‘will happen’

West Dorset’s MP Chris Loder fears that the 3,500-house North of Dorchester development ‘will happen’ following Dorset Wildlife Trust’s multi-million-pound purchase of 833 acres at Lyscombe Farm – situated 10 miles north of Dorchester.
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Grant funding from Dorset Council available for businesses

Following the success of the first round of Dorset Council’s UK Shared Prosperity Fund and Rural England Prosperity Fund grants, are open.
Dorset Council received a total of 64 applications in the previous round, including a number of Dorchester Chamber for Business members.  One success story was Minuteman Press in Poundbury.
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Access to finance challenge for small businesses

Accessing finance is becoming more difficult for a large number of SMEs, according to new data.  
Around half (49%) of business surveyed who accessed finance felt that getting funding had become more challenging over the past three years.  Only 13% said it was getting easier.
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Major package of reforms to support small businesses

Prime Minister to announce major reform package to boost apprenticeships and cut red tape for thousands of small businesses. Setting out a major package of reforms to support businesses to deliver more apprenticeship places, cut red tape for SMEs and leverage more private investment in female founders.
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Mortgage Rates on the rise

It is reported that HSBC, NatWest and Virgin Money are increasing interest rates on loans.
More mortgage providers will increase their rates on new fixed deals on today (23 Feb) following a series of changes since the start of the year.
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Business Grants available from £2,000-£20,000 (match funded)

Dorset Council has launched two new grant schemes using funding from UK Shared Prosperity Fund and Rural England Prosperity Fund grants for both community groups and organisations, together with local business grants. Round 1 of both the UKSPF and REPF will close on Wednesday 31 January 2024.
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Scam emails are currently one of the most common threats in cyber security

At this time of year when we all return to work and have a full inbox it is easy to fall prey to fraudsters. Action Fraud is the UK’s national reporting centre for fraud and cyber crime and here they offer advice on what to look out for.
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Bank Rate maintained at 5.25% – The impact of this decision on small businesses is not straightforward

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 5–4 to keep the Bank Rate at 5.25% in its meeting ending on 20 September 2023.
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Autumn Statement 2023

Chancellor Jeremy Hunt has unveiled the government’s tax and spending plans, and forecasts for the economy this lunchtime (22.11.23) we take a look at the facts and how they affect businesses in Dorset.
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New A35 roundabout for proposed North of Dorchester development

A new roundabout on the A35 east of Stinsford is part of the proposed plans for a major development in Dorchester. The link road connecting the A35 and A37 to the north of the town to relieve traffic on the Southern Bypass and on Dorchester’s High Street
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