Swoop Funding, the leading financial platform that streamlines access to business funding, is proud to announce its new partnership with Compare the Market, one of the UK’s leading comparison websites. This collaboration aims to provide UK small and medium-sized enterprises (SMEs) with even greater access to the diverse range of funding products to help them […]
The Bank of England’s Prudential Regulation Authority (PRA) has today announced a package of proposals as part of the Basel 3.1 implementation process. The SME Supporting Factor, which allowed banks to hold a lower rate of capital to counterbalance loans to small and medium-sized enterprises, is to be removed, but the PRA will in its […]
As part of the Basel 3.1 reforms announced today, the PRA (Prudential Regulation Authority) has signalled it intends to limit the effects of withdrawing the SME supporting factor by introducing a ‘lending adjustment’ to avoid the risk of lenders increasing SMEs’ borrowing costs once the Basel 3.1 reforms are introduced in January 2026. RSM UK […]
Starpeak, the specialist digital distributor of insurance to niche online markets, has partnered with commercial insurer Peach Pi, to co-create specialist insurance products designed specifically for the micro and SME market. The collaboration between Peach Pi and Starpeak highlights the synergies between the two niche businesses. Both organisations understand that the needs of business owners […]
The Lending Standards Board (LSB) has strengthened provisions on personal guarantees within the Standards of Lending Practice for business customers (‘the business Standards’). The changes will help ensure lenders are clear with guarantors about what they are signing up to, and help avoid situations where a guarantor is surprised to find out they are personally […]
The professional body for business mentoring, the Association of Business Mentors, has today launched new workplace mentoring initiatives. These new services, which reflect the ABM’s ongoing commitment to support the growth and success of UK Businesses, provides organisations who have mentoring programmes, or wish to offer mentoring programmes to their staff, the tools to maximise […]
The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail. As well as raising public funds, reducing tax evasion encourages a level playing field between […]
techUK has unveiled a new report highlighting the immense potential for growth and productivity through increased digital adoption among UK SMEs. The report, “Small Enterprises, Big Impact”, finds that the UK still suffers of a productivity gap. Despite SMEs making up 99.9% of UK companies and representing some of the country’s most resilient businesses, over […]
New research hints at renewed small business confidence since the installation of the new government. The Novuna Business Finance study of 1,000 small business owners and senior management reveals that the proportion of enterprises considering new projects to secure future growth has risen to 68%, after a dip to 66% at the start of the […]
This year’s Business Finance Week 2024 sees the British Business Bank marking a decade of supporting access to finance for smaller businesses across the UK. Held from 26 September–3 October, with a host of free nationwide and regional in-person events, webinars and more, Business Finance Week helps smaller businesses learn about the different finance options […]
