Plans to provide dozens of affordable homes on a derelict site in Lewisham as part of a £25m housing scheme have been unveiled today by developer Southern Grove. The 39 apartments in New Cross will all be available at either London Affordable Rent or for purchase through Shared Ownership. Affordability problems are particularly acute in […]
Two Northampton charities are preparing to expand the vital services they provide to local people with support from Lloyds Bank. The Siri Guru Singh Sabha Northampton and the Sikh Community Centre and Youth Club (SCCYC) say the relocation of the Gurdwara and community centre to a much larger site in the St James area of […]
ThinCats, the leading alternative lender to mid-sized businesses, has provided a CBILS loan to fund the acquisition of a new care home by Devonshire Care Ltd, an operator of over 20 years’ standing, currently with a group of four care homes across Yorkshire and Lincolnshire. As part of an ongoing growth plan, Devonshire Care is […]
Responding to the latest HM Treasury figures on Covid-19 support for businesses, managing director of Commercial Finance at UK Finance, Stephen Pegge, said: “As the economic effects of the pandemic continue to develop, the UK’s banking and finance industry remains committed to helping the nation’s businesses through the crisis. “The Bounce Back Loan Scheme now […]
YourZooki, the provider of specialist Liposomal Vitamin C and CBD supplements, has secured a £950K funding package from Investec to fulfil a significant spike in sales and market demand. The Blackpool-based business utilises a variety of patented technologies, including encapsulation and liposomal delivery systems, to create unique, effective and innovative health products. These all-natural products […]
British fashion and lifestyle brand White Stuff is to accelerate its shift to digital-driven retail as it grapples with the challenges posed by Covid-19, with the support of a Coronavirus Large Business Interruption Loan Scheme (CLBILS) package from Lloyds Bank. The London based retailer has secured the revolving credit facility with its long-standing banking partner […]
Kim and Phil Rogerson, well established healthcare professionals, have purchased Abbotsfield Residential Care Home in Barrow-in-Furness and Greenlane House in Brampton, both Cumbrian towns. Funding was successfully secured by specialist commercial finance broker, Christie Finance. Abbotsfield Care Home is a converted care home occupying an impressive site on Abbey Road in the Cumbrian town of […]
Aspen Bridging has completed a £150k development exit bridging loan on a remote property in Wales, using its desktop valuations system to overcome national lockdown restrictions. The money was required to complete the current project in Llangollen, which has £50k of works outstanding, with the remainder being used to improve cashflow to secure the next […]
City Finance Brokers, the specialist mortgage and finance brokerage, has become the first broker to complete a bridging loan facility with Ultimate Finance under its new government-backed Coronavirus Business Interruption Loan Scheme (“CBILS”) bridging facility with a £1.9m loan. The facility is being funded by Ultimate Finance and guaranteed by the British Business Bank (UK […]
A Highland property developer is set to launch the first five units of a 38-plot development despite months of disruption caused by Covid-19, thanks to a six-figure funding package from Bank of Scotland. Allan Munro Construction is a family-owned business that specialises in building residential developments across the Highlands, predominately within the Cairngorms national park. […]
