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Watch: Insider Business Briefing - 17th July
Insider Media
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16/07/2024
Alice and Daniel discuss a crowdfunding brewery in Windsor, a North West-based law firm securing private equity investment and plans for a government hub in York.
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00:00
A brewery smashing its crowdfunding target, private equity investment for a growing law
00:03
firm and the King's Speech. That's all coming up on today's Daily Business Briefing.
00:13
My name's Alice Byrd. My name's Daniel Zembathis.
00:16
Well Dan, just to start off, I know you are our South East Correspondent, so is there
00:20
anything you've seen in the region this morning?
00:21
Yeah, there is. Well, I'm sure we all enjoyed a drink on a Sunday and I've got some news
00:25
from a brewery in the South East. Windsor at Eaton Brewery, they were founded in 2010.
00:32
They brought brewing back to Windsor because the last brewery in the area closed down in
00:35
the 1930s. So they started a crowdfunding campaign and they were looking for a target
00:40
of 200,000 and within the first 24 hours they smashed that target. They raised 215,000 and
00:47
at the time of recording this they've actually raised 240,000 with 30 days remaining. So
00:52
they're doing really well. It's obviously a relatively low target compared to other
00:56
businesses on Cedars, but I've been in touch with the Deputy Chairman, Bob Morrison. He
01:00
told me they did that on purpose. The company was very conscious that money is very tight
01:05
for a lot of people and they wanted to get as many shareholders on board as possible.
01:10
With the funds, they're planning to build a new pub. They're looking to increase their
01:13
brewing capacity and they're looking to start their first brand building campaign as well.
01:18
It's an exciting time for the business. 2023 was its best year in terms of sales
01:23
and they're on track to top that this year. So it's a good time for that business.
01:26
Brilliant. Yeah, that all sounds really positive. Well, moving over to the North West,
01:31
Beyond Law Group has secured equity investment from Waterland Private Equity. Now the business
01:37
employs about 100 people across its offices in Manchester, Chester and London. Its brands
01:42
include Beyond Corporate and Macalester Family Law. It's got quite big growth ambitions and
01:48
the investment will enable it to expand both organically and through acquisition.
01:53
Also to support that, Steve Smith, who's the former Daisy Group Chief Financial Officer,
01:58
has joined the board as a non-executive director. So yeah, lots of big things coming up for that
02:02
business, I think. But yes, anything else you've seen? Yeah, I've seen something in York. So
02:07
there's plans for an office development up there. That'll provide office space for 2,600
02:12
civil servants and those plans are set to secure approval next week. So quite a significant
02:17
development there. The applicants are Partners Homes England, Network Rail Ltd and GPA. They
02:22
submitted the plans towards the end of last year to the City of York Council. It's a six-storey
02:27
building with an internal area of 196,000 square foot. So quite significant there and we'll find
02:33
out the fate of that application next week, 22nd of July. Yeah, well really good news for York.
02:39
Sticking with the government, the King's Speech is today, marking the formal start of the
02:44
parliamentary calendar. So Labour has said that it's going to put the economy, economic growth,
02:49
at the heart of its legislative agenda. It's expected to reveal more than 35 bills they will
02:56
surround things such as transport, house building and securing clean energy. So we will be listening
03:01
and covering the speech. So we'll have a live blog over on insidermedia.com so make sure you
03:07
follow along for updates and reaction. You can also find all of the stories we've spoken about
03:12
today on our website and you can also subscribe to our newsletters and our magazines.
03:17
That's all from us. Thank you. Thank you.
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