Liberis, a pioneer in embedded business finance solutions, revealed data showing that small businesses (SMEs) in the UK face costs £10,000 higher than they were during the same period last year. Liberis’ analysis, utilising Open Banking data, provides a comprehensive view of the UK’s small business sector. The study underlines the resilience displayed by small businesses […]
The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range of business assets. The new Recovery Loan Scheme asset-based lending […]
UK Finance today releases its latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs) in the third quarter of 2023. Gross lending UK Finance’s latest data shows £3.5bn was lent to SMEs in the third quarter of 2023. This represents the fifth consecutive quarterly fall, while gross lending […]
Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated to is far smaller in number but make up a far […]
The Federation of Small Businesses (FSB) has issued a super-complaint to the Financial Conduct Authority (FCA) to highlight the harsh lending practices of banks that excessively demand personal guarantees for business loans. Personal guarantees can be a “straitjacket” on business growth, forcing entrepreneurs to put their homes or other assets on the line when taking […]
Eliminating the risk of falling victim to late payments before entering into partnership is the proactive protection technology can now offer SME’s The UK government has published its most recent review into business payments and cashflow. The review, published in November 2023, calls for greater and more transparent reporting for businesses in an attempt to […]
The careers experts at www.jobseeker.com undertook extensive research to determine just how many job seekers won’t apply for a job if the job advertisement doesn’t state the salary upfront. Surveying almost 4,000 English-speaking respondents who are currently looking for a new job, or have been over the past six months, the team initially found that […]
The upcoming Bank of England base interest rate announcement causes increased anxiety to two thirds of SME business owners according to a new study from Recognise Bank. The SME Mental Health Report 2023 surveyed the areas of business and events that have a significant impact on mental health, with the monthly announcement affecting 66.4% of […]
With the deadline of 15 December now set for members of the Federation of Independent Retailers (the Fed) to become PayPoint Park Super Agents, PayPoint today announces that more than 1,700 retailers have already signed up, surpassing their 1,500 target. With the £2.5m national advertising campaign now live to drive consumer awareness, the focus has […]
Business support has a powerful role to play to enable the UK hit is carbon net zero targets More than 1 in 10 businesses are looking for finance and guidance to help them meet the UK’s 2020 net zero carbon targets. The National Enterprise Network (NEN), the country’s leading representative of enterprise support for start-up, […]
