Small and medium UK businesses are being held back by a reluctance to adopt new technologies, experts have warned. Experts from TelephoneSystems.Cloud have warned that the future of many SMEs is at risk after recent technological changes across the wider business sector. They warn that thousands of small and medium sized UK businesses are struggling […]
As the Federation of Small Businesses (FSB) calls for a more comprehensive investigation into the use of personal guarantees for small business loans, the number of small business owners becoming personal guarantors continues to rise. According to new analysis of applications for personal guarantee insurance in Q1 2024, by Purbeck Personal Guarantee Insurance, the UK’s […]
Analysis of the Bank of England’s data in Ebury’s SME Borrowing Tracker shows that SMEs repaid almost £10 bn across 2023, with the final three months of 2023 marking the largest quarterly change in SME loans outstanding for 2023 as repayments accelerated towards the end of the year. In 2023, SMEs repaid a net sum […]
UMi has secured a contract with the Department for Business and Trade (DBT) to spearhead the new Business Support Service, striving to assist the growth and success of SMEs in England. UMi’s extensive track record of helping over 600,000 businesses start, survive and thrive put them in first place to deliver the new virtual support […]
New Intuit QuickBooks research reveals how UK small businesses plan to tackle the new tax year as 6 April start date looms closer. Nearly all (99.6%) of small businesses surveyed plan to make changes to how they operate their business in the new tax year. In fact, 41% of small businesses who plan to make […]
Wolverhampton is ranked the best city to be a female entrepreneur in England, according to a new study by iwoca – one of Europe’s largest small business lenders. iwoca’s regional female founders research, which is published as the government launches a new taskforce on female founders, ranks areas using ONS data on female representation among […]
Liberis, the leading global embedded finance platform, announced a partnership with Shop Circle, the number one e-commerce software provider. Shop Circle Capital, powered by Liberis, is designed to offer instant, hassle-free funding. This partnership will enable Liberis to expand its reach within the e-commerce industry through Shop Circle to enable merchants with flexible funding solutions. […]
The British Business Bank has agreed a facility increase that will provide £29.4m of funding to smaller UK businesses, through an existing ENABLE Funding transaction with independent specialist finance provider, Time Finance. The additional funding brings the total small business funding available through the facility to £64.4m. This further supports Time Finance in growing its pipeline […]
The annual Asia-Pacific Small Business Survey found 78 % expect to grow in 2024, the country’s best result since 2012 and higher than the survey average of 70 %. The upbeat sentiment is pegged to the confidence in the economy with nearly three quarters expecting it to grow this year, above the survey average of […]
A new savings tracker, published today by SME-focussed Allica Bank, has shown a continued significant gap between the rates SMEs are offered by challenger banks and their larger, incumbent competition. Allica’s innovative new SME Monthly Savings Tracker provides an up to date analysis of the average savings rates offered by the big banks, relative to […]
