HM Treasury figures published today reveal that over 1.23 million businesses in the UK have now been supported by lenders through government-backed coronavirus lending schemes. 17 million small and micro businesses have accessed a loan through the Bounce Back Loan Scheme (BBLS) to help support them through the pandemic. Over 60,400 businesses impacted by Covid-19 […]
Bespoke property developer, Featherstone Homes, has successfully transformed a former MOT garage and bus depot into new homes and commercial units in a £9.1m redevelopment project. South London-based Featherstone’s flagship scheme in Streatham comprises of 30 new homes with new commercial spaces at ground floor level. Previously a collection of single-storey light industrial buildings, the […]
A Challenger Bank is celebrating reaching a “momentous milestone” having now lent over £250m to its customers in just less than three years. Redwood Bank has continued to lend money over the course of the COVID-19 pandemic, helping out a number of small and medium sized enterprises (SMEs). The Bank has loaned nearly £100m since […]
Genesis Asset Finance (Genesis) has secured a new £1m block discounting facility from Wesleyan Bank. The additional funding will enable Genesis to continue to support businesses under the Coronavirus Business Interruption Loan Scheme (CBILS), as well as underpinning its own growth ambitions. To date, Genesis has approved over £1.1m of CBILS facilities for existing and […]
Boe House, the owner of Baby Box Shop, has received a £160,000 loan from Rosebud Finance, Lancashire County Council’s investment vehicle delivered by GC Business Finance, to help it create jobs and increase export sales following support from Lancashire’s Access to Finance team. During 2016, husband and wife, Owen and Kim Burrows, began to design […]
Bustling Belfast restaurants, Chubby Cherub and AMPM, have secured £150k and £190k respectively through the Coronavirus Business Interruption Loan Scheme (CBILS) package from Santander UK. The funding will be used to help manage ongoing cashflow issues, which were compounded due to lost revenues during Covid-induced closures. AMPM Belfast is an established restaurant, cabaret club and […]
Aspen Bridging took just five days to move a £193,450, 73% loan-to-value auction purchase application from illustration to completion, ensuring the first-time commercial investors saved their £26,500 deposit. The property, a three bedroom detached house in Hall Green, Birmingham was secured at £265,000 with the brothers, making their initial foray into property investment, planning light […]
North East housebuilder Cussins is set to more than double its turnover by 2023 after securing a new £10m funding package from banking partner Lloyds Bank. The family-run firm, headquartered in Alnwick, constructs houses and apartments across the North East, specialising in mid-market three, four and five-bedroom detached properties. The support package – an increase […]
Clayton Glass Limited, one of the UK’s largest glass manufacturers, has secured new funding from Santander UK to support its growth following the acquisition of Global Glass brand in October 2019. Clayton Glass is a sealed glass unit manufacturer operating from the largest IGU manufacturing site in the UK, operating across four separate sites and […]
MET Parking Services Ltd is the latest business that has been supported with a funding package by leading alternative lender to mid-sized UK SMEs, ThinCats, through the CBIL Scheme. Established in 2005, MET is a car park services operator, providing a comprehensive range of tailored parking management and enforcement services to over 500 private land […]
