As part of the government’s plan to support small businesses and boost global exports a new Board of Trade has been unveiled. The new look Board, announced by the business and trade secretary, will be charged with helping businesses, including the country’s 5.5 million SMEs, to boost their exports and help super-charge growth for the […]
New research from American Express highlights a strong sense of camaraderie among small business leaders, with an overwhelming majority (94%) agreeing it is important to support their peers. The survey of 500 UK small business owners and senior decision makers found that peer support plays a critical role in business success by driving tangible commercial […]
When it comes to exit strategies and succession planning, two-fifths (40%) of female business owners plan to keep their business in the family, passing their business down to children or other close relatives, according to research from wealth manager Charles Stanley. Thinking more about their exit strategies and succession plans, some female business owners are […]
New analysis reveals over 300,000 SME owners are planning to cut jobs in response to the government’s planned rise in employer National Insurance contributions (NICs), due to come into effect in April. The survey of owners of small and medium-sized businesses by iwoca, one of Europe’s largest SME lenders, finds that 22% of SME leaders say […]
A new report from bank payment company GoCardless, commissioned through the Federation of Small Businesses (FSB), has revealed late payments are not only a perennial concern for small and medium businesses (SMBs) — they’re a growing one too. A survey of over 2,000 small business respondents found that 45% are experiencing more late payments than […]
Responding to the Payment System Regulator’s final report from its market review of card scheme and processing fees, Tina McKenzie, policy chair, Federation of Small Businesses (FSB), said: “The finding from the regulator that card fees cost business at least £170m per year is not a surprise to small businesses, but it illustrates one of the […]
Lloyds Banking Group is thrilled to announce the return of its 12-week Launch Innovation programme for 2025. Applications are now open, giving budding innovators the opportunity to benefit from the Group’s expert guidance, to further develop their businesses. At the end of the programme, chosen applicants will be invited to run a commercial experiment. This […]
The ‘cost of living crisis’ has meant the prices for many essential goods in the United Kingdom have been increasing faster than household incomes. It has been wreaking havoc with many people’s finances for some time now, so how can small businesses encourage consumers to spend their hard-earned cash with them? A recent study by Uswitch […]
The value of outstanding loans by banks to SME property developers has fallen by 49% from £9.7bn in January 2017 to just £4.9bn* in November 2024 as banks pull back from lending to smaller housebuilders, says CapitalRise, an Innovative Finance ISA provider. CapitalRise says that investors in Innovative Finance ISAs (IFISAs) can play a critical […]
The SME finance landscape is undergoing a fundamental shift as banks retreat from business lending, leaving a staggering £22bn SME funding gap in the UK. Cashflow management platform, Lenkie, has today announced £49m in Series A funding to transform the way growing UK businesses access capital. The funding round, which includes £4m in equity and […]
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