The British Business Bank today announces it has made a cornerstone commitment of up to £50m to Elbow Beach’s Climate Impact Fund 2 through its Enterprise Capital Funds programme. The Fund, which has already secured commitments for £63m of capital, will back startups across the UK pioneering technology solutions to big industry problems, at the […]
United Trust Bank (UTB) has launched its new Easy Access account for personal, business and charity customers, the first time the Bank has offered a deposit account with the ability to add and withdraw funds at any time without restrictions. The Easy Access account is currently paying a competitive, variable interest rate of 3.75% Gross AER […]
One in five small businesses turn to credit cards to manage cashflow, highlighting a growing trend among entrepreneurs facing unpredictable income and rising expenses. While credit cards can offer flexibility and short-term relief, relying on them without a strategy can quickly spiral into high-interest debt and financial strain. The good news? Uswitch credit card experts […]
Five years since the first Covid 19 lockdown, data from Start Up Loans shows there has been a surge in aspiring entrepreneurs taking out finance to bring their businesses to life. In the five years since the start of the pandemic, there has been a 21% increase in the number of first loans delivered by […]
Novuna Business Finance announces that it is partnering with the British Business Bank to deliver a pilot of a green asset finance variant of the Bank’s successful Growth Guarantee Scheme. This new variant is designed to increase funding for smaller businesses to invest in green assets that facilitate the transition to a low-carbon economy. The […]
Online fashion brand In The Style has been rescued from administration following the successful sale of the business to Alps Sourcing Limited, saving 87 jobs in the UK. The pre pack sale of the company was negotiated by Marco Piacquadio and Alan Coleman of leading boutique insolvency firm FTS Recovery Limited, who were appointed as administrators […]
Inheritance tax receipts hit £7bn in the ten months from April 2024 to January 2025, according to figures released by HM Revenue and Customs. This is £700m higher than the same ten months last year and continues the upward trajectory over the last two decades. HMRC raised £7.499bn in 2023-4 tax year, but these figures […]
Despite negative economic news regarding the wider UK economy, the UK property market retains significant optimism, according to Home.co.uk’s Asking Price Index for March. The flow rate of properties moving through the sales market is relatively high, thanks to substantial demand. Rising asking prices during the last month were supported by seasonal optimism and a […]
Recent insolvency figures reveal a stark warning about the cost of inaction for directors and business owners, says a leading UK insolvency practitioner. Figures for February 2025 show a 2.9% increase in registered company insolvencies in the UK, comprising 393 compulsory liquidations; 1,520 creditors’ voluntary liquidations (CVLs); 115 administrations; and 7 company voluntary arrangements (CVAs). […]
Fieldwork conducted on 04-07 March 2025 According to BRC-Opinium data, consumer expectations over the next three months of: The state of the economyimproved slightly to -35 in March, up from -37 in February. Their personal financial situationimproved slightly to -10 in March, up from -11 in February. Their personal spending on retailrose to 0 in March, up from -5 […]
