A Leeds-based supplier to the international aerospace industry has diversified to help airlines preserve grounded aircraft with support from Lloyds Bank. This is helping the company maintain revenues while the sector faces a downturn because of Covid-19 disruption. Aeroservices distributes aircraft tools and components, from tyres to lubricants, to more than 90 countries worldwide. Its […]
The hotel sits in a three-storey Victorian style building a short walk away from Finsbury Park Railway Station and Finsbury Park which holds a number of large annual music festivals over the summer months. In addition, Emirates Stadium is just over a mile away. The business was previously owned by the Muslim family for a […]
New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective […]
An electric vehicle (EV) retailer has opened its first store in the centre of Bristol, following a funding package from Lloyds Bank. EcoMove, which was founded in June 2019 and distributes electric mopeds, bikes and scooters, last week opened the doors to its flagship store on Hotwell Road in Bristol. The launch was made possible […]
Today the British Business Bank has announced that it has approved Allied Irish Bank (GB)/AIB (NI), Investec Bank plc and Mercedes-Benz Financial Services UK Limited for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide finance to midsized and larger UK businesses with a […]
LendInvest, the UK’s leading platform for property finance, has funded a £10m bridging finance loan in a tight time frame, after the borrower ran into financing delays due to Covid-19. The site is in Abbey Wood, within the London borough of Greenwich – a sought-after location for city commuters, only 11 minutes away from Canary […]
Responding to the latest HM Treasury figures on Covid-19 support for businesses, managing director of commercial finance at UK Finance, Stephen Pegge, said: “The banking and finance industry remains committed to supporting the nation’s businesses through the challenges they are facing from the coronavirus crisis. “Over the past three months, 26 lenders have thrown their […]
Independent business lender White Oak UK has today announced it has successfully distributed over £50m of loans to SMEs throughout the Covid-19 crisis, as part of the government’s Coronavirus Business Interruption Loan Scheme (CBILS). White Oak UK provides business loans, equipment finance and asset-based lending solutions to SMEs and mid-corporate clients across the UK. The […]
A food manufacturer and wholesaler in Shrewsbury has been able to expand its services and safeguard the future of the business with the help of a six-figure Coronavirus Business Interruption Scheme (CLBILS) package from Lloyds Bank. Oriental Food Express, which supplies Asian food ingredients to restaurants and oriental supermarkets including Wing Yip, saw a significant […]
Eight ‘shovel ready’ projects, ranging from the National Brownfield Land Institute to Very Light Rail developments are to benefit from £66m of government funding secured for the region. The money from the government’s Getting Building Fund is aimed at projects which can be started quickly and completed within 18 months. This creates jobs and drives […]
