Two in five (40%) UK SME decision-makers do not have protective measures against fraud and scamming in place, leaving them at risk of an incident or attack, new research from global research and insights agency Opinium reveals. The research, conducted among 500 senior decision makers at SMEs, found that this rises to 45% among SMEs […]
Coastal towns including Felixstowe, Bournemouth, Sidmouth and Bexhill-on-Sea are at the heart of a UK microbusiness boom, new data reveals. The findings come from Venture Forward, an international research initiative from GoDaddy that analyses data from more than half a million digital microbusinesses, typically defined as having 10 employees or fewer, with a unique domain […]
The British Business Bank today publishes the first performance data for the third iteration of its Recovery Loan Scheme. The third iteration of the Recovery Loan Scheme was launched in August 2022, supporting the British Business Bank’s ongoing commitment to promote sustainable, accessible funding for UK smaller businesses, enabling them to invest and grow. Total […]
New data shows that three in every ten (29%) small business owners in the UK have received financial backing from a family member – with three-quarters (74%) saying it was essential for setting up their business. From parents to grandparents, siblings to partners, new data from iwoca, one of Europe’s largest small business lenders, finds […]
Research from independent SME funder Bibby Financial Services (BFS) finds that women business leaders are facing gender inequality in commercial lending, which is hampering the growth ambitions of many SMEs. Data from BFS’s latest SME Confidence Tracker, which surveyed 1,000 UK SMEs, uncovered that two thirds (66%) of women business leaders believe that banks are less prepared to […]
New research from the UK’s leading insurance premium finance company, Premium Credit, shows the number of SMEs using credit to pay for their insurance has increased in the past year with nearly one in five of them increasing the amount they borrow. Premium Credit’s Insurance Index, which monitors insurance buying and how it is financed, […]
The UK’s leading R&D tax credit consultancy ForrestBrown has today revealed three key considerations for UK manufacturing firms to protect their investment in R&D, one month on from recent changes to the tax relief scheme. 1 April 2024 saw the long-anticipated arrival of the UK government’s merged research and development (R&D) tax relief scheme. The […]
ThinCats, the leading alternative finance provider to mid-sized SMEs, has today announced that its maximum initial loan size has increased from £15m to £20m. The minimum initial loan size remains at £1m. The change follows increasing demand from a range of growth businesses to address a funding gap in this part of the market. ThinCats’ […]
An independent tracker, published today by Allica Bank, has revealed that British high-street banks withheld more than £200m in savings interest last month from SMEs. By offering poor interest rates, which remain unchanged for months, the big six banks pay SMEs far less than they deserve on their hard earned savings. The average SME in […]
iwoca, one of Europe’s largest SME lenders, today announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to support the company’s growth in Germany, and a […]
