Donna Edwards, director of the North West adoption programme, says businesses are hesitant to commit to change because they lack the confidence with technology and digital skills among leaders and employees. But, delaying digital transformation risks being left further behind, or wasting time, effort and money, Edwards cautioned. The stark warning features in the foreword […]
Three in four (73%) SME finance brokers feel optimistic about the future of small businesses, according to SME lender iwoca’s latest Q2 2024 SME Expert Index. The survey of SME brokers reveals a tentatively bullish outlook for the UK’s 5.5m SMEs, as optimism among brokers is up 3pp compared to Q1 2024, and 6pp compared […]
UK small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company FreeAgent. Analysis of invoices sent by FreeAgent’s small business customers between June 2023 and June 2024 has revealed the startling impact of late payment on the UK’s SME sector, with almost half […]
While the rest of the nation is kicking back, the UK’s hard working entrepreneurs are burning the midnight oil, with an unusual number of small businesses buying business insurance during national holidays and in the early hours of the morning. Insights from small business insurance provider Simply Business revealed 3,000 business owners bought insurance on […]
The agreement, which will enhance economic growth across the UK, will also boost overall availability of the UK’s warships and submarines. It will see far greater access from the Ministry of Defence directly to small and medium-sized enterprises (SMEs), allowing them to bid for work under a seven-year framework worth up to £850m. The Marine […]
GC Business Finance, a not-for-profit lender specialising in simple, hassle-free loans to help businesses start, grow and thrive, has become a patron of the National Association of Commercial Finance Brokers (NACFB), the UK’s largest independent trade body for commercial finance brokers. GC Business Finance currently offers a number of products, including acting as Business Support […]
Duncan & Toplis, with 19 other leading business advisory firms, is calling on the new government to offer meaningful support to small businesses. The company, which is a member of the Association of Practising Accountants (APA) and one of the largest accountants and business advisers in the Midlands, says there is a real opportunity for […]
Louis Taylor, CEO, British Business Bank, said: “In the last year, the British Business Bank has performed above expectations against a backdrop of challenging market conditions, making funded commitments of £2.3bn across our programmes. The impact of the activities we carried out in 2023 is expected to be the creation of 39,400 additional jobs and […]
Birmingham broker Navigate Commercial Finance has announced year on year growth after posting a 142% increase in revenue and 180% rise on lending and approved facilities. Navigate Commercial Finance acts an outsourced commercial finance team for their clients. The new funding facilities secured over the past 12 months has resulted in a total of 106 […]
Welcoming the findings and recommendations of the SME Finance Taskforce Smart Data to Unlock SME Lending Report, Todd Davison, MD of Purbeck Personal Guarantee Insurance says: “We applaud the actions proposed by the SME Finance Taskforce to get credit to businesses that need it by addressing the issues and barriers within the SME lending market. […]
