RAD Propulsion Surpasses Funding Goal, UK Economic Forecast Up, Alvan Blanch Doubles Capacity

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Southampton's RAD Propulsion brings in £4.3m to capitalise on growing demand

Southampton-based RAD Propulsion has secured £4.27 million in funding, significantly exceeding its £2.5 million target, to expand its electric boat motor business amid rising market demand, with backing from One Planet Capital, Ocean Infinity, The FSE Group, High Growth Robotics, and others.

Full story here: https://thebusinessmagazine.co.uk/companies/southamptons-rad-propulsion-brings-in-4-27m-to-capitalise-on-growing-demand/

UK economic recovery continuing but headwinds remain - British Chambers of Commerce

The British Chambers of Commerce (BCC) has upgraded its GDP growth forecasts for the UK to 0.8% in 2024 and 1.0% in 2025, but notes that trade outlook remains very weak despite the ongoing economic recovery.

Full story here: https://thebusinessmagazine.co.uk/companies/uk-economic-recovery-continuing-but-headwinds-remain-says-british-chambers-of-commerce/

Wiltshire manufacturer aiming to double production with new bending machine

Wiltshire-based farming equipment manufacturer Alvan Blanch aims to double its production efficiency with the acquisition of the UK's largest bending machine, funded by a nearly £700,000 loan from Lloyds Bank.

Full story here: https://thebusinessmagazine.co.uk/companies/wiltshire-manufacturer-aiming-to-double-production-with-new-bending-machine/

South Coast Property Awards 2024: winners revealed

The seventh annual South Coast Property Awards honoured winners across 15 categories, celebrating nearly 60 impressive finalists and upholding high standards through a thorough and fair selection process by independent judges.

Full story here: https://thebusinessmagazine.co.uk/companies/south-coast-property-awards-2024-winners-revealed/