Zenobē Energy, one of the UK’s largest independent owners and operators of battery storage, has secured a non-recourse £25m debt facility from Santander Corporate & Commercial, to support the continued growth of the company. This follows the successful £35m of equity raised from JERA Co. Inc. and TEPCO Power Grid Inc. earlier this year. Zenobē […]
Responding to the announcement from the Bank of England, Prudential Regulation Authority and Financial Conduct Authority today on operational resilience in the financial services sector, UK Finance’s CEO, Stephen Jones said: “Operational resilience is crucial in a modern financial system and the banking and finance industry is committed to providing the best possible service, ensuring […]
The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China’s ocean and air imports in certain sectors look set to remain strong as domestic consumption drives the economy amidst an overall decline in […]
VAS Group has assisted a triple century of valuations for peer-to-peer lender with Assetz Capital having completed its 300th report in the last 12 months at a combined total market value of £200m. The lender, which funds projects such as commercial properties and housing developments, primarily utilised VAS Panel’s comprehensive valuation panel management service to […]
As the UK gears up for its fourth general election since 2010, increased economic uncertainty has led to a significant drop in job advertisements across the finance industry. In fact, according to data from the UK’s leading job board, CV-Library, the number of advertisements fell by 8.3% month-on-month. What’s more, the findings, which explore job […]
NatWest has today announced it is opening its doors to new applications to join its in-house Entrepreneur Accelerator programme, offering a fully funded support programme for UK scale-ups and high growth businesses looking to scale and succeed. The bank is now accepting applications from growing businesses with ambition to scale to join the programme, with […]
Investec Capital Solutions is pleased to announce the launch of the Investec Flexible Trading Account. Investec is offering the Flexible Trading Account, a multifaceted solution which supports growth by providing working capital and cashflow throughout the buying and sales cycle with FX and hedging facilities. This account is designed to help clients, especially exporters and […]
Metro Bank has provided Noumed Life Sciences with a £4.5m asset finance facility to support the acquisition of new pharmaceutical manufacturing equipment at its Maidenhead offices. In addition, Metro Bank is also proud to become the full commercial banking provider to Noumed. This combined asset finance and banking package will enable Noumed to produce a […]
United Trust Bank (UTB) has completed a £5.5m refinance of a 5-storey apartment block in Slough with completion taking place just eight days after the facility was given credit approval. The funding repaid the existing lender and released equity for the borrower to reinvest in new projects. The scheme of 34 new apartments was developed […]
Today, 4 December 2019, Growth Street announced that it will appoint a new CEO to maintain its growth and further the deployment of its digital strategy. GrowthLine, Growth Street’s overdraft-like product for SMEs, which differentiates it from other alternative SME funders, remains at the core of Growth Street’s digital strategy. As a founder of Growth […]
