An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
United Tooling Solutions Ltd (UTS), a wholesaler of industrial tools and tooling equipment, is targeting significant growth across the UK thanks to funding from Shawbrook Bank. The Exeter-based trading subsidiary of national buying group, Troy (UK) Limited, is aiming to increase its operations through multiple acquisitions. UTS’ unique proposition incorporates broad-line industrial supplies distribution with […]
Over 972,000 businesses have been provided with lending worth a total of £40.7bn through the three major government-backed lending schemes, new figures from HM Treasury show today, as part of the banking and finance industry’s plan to help businesses get through these challenging times. Three months to the day after the launch of the Coronavirus […]
ThinCats, the leading alternative lender to mid-sized UK SMEs has been approved by the British Business Bank as a new accredited lender to provide term loans through the Coronavirus Large Business Interruption Loan Scheme (CLBILS). ThinCats is the first non-bank lender to receive CLBILS accreditation for term loans. CLBILS funding will be used by ThinCats […]
United Trust Bank has launched a range of Coronavirus Business Interruption Loan Scheme (CBILS) facilities designed to assist a wide range of SMEs which have been adversely impacted by the coronavirus pandemic. CBILS facilities are available for the refinance of existing assets and the acquisition of new and pre-owned assets via hire purchase and finance […]
The Covid-19 pandemic has created “an economic crisis like no other”, according to the latest Quarterly Economic Survey (QES) conducted by Greater Manchester Chamber of Commerce. The GM Index, which is a combination of seven key QES measures, is at its lowest ever level (-31.7 compared with 31.9 in the first quarter of this year) […]
A new study by financial analysts AskTraders.com has revealed consumer attitudes to cash as British businesses brace for the post-Covid “new normal”. Non-essential retailers and hospitality businesses will reopen following the coronavirus lockdown on the 4th July. According to the study: 75% of consumers believe using cash leaves them vulnerable to germs and infection 63% […]
Organisations have surprised themselves by the speed with which they are responding to the crisis. Pecan research found three-quarters (75%) of leaders had seen a positive impact on their working practices. Ways of working that they had attempted to introduce into their culture for years, such as flexible-working, product innovation and agility, have suddenly got […]
A new study from the UK’s leading independent job board, CV-Library, reveals that salary (66.7%), location (53.3%) and flexible working hours (31.1%) are the most important factors that finance professionals are looking for in a new job right now. The study surveyed 1,100 professionals and asked them which of the following factors did they value […]
A blueprint to kickstart the West Midlands economy and create long-term prosperity for the region and wider UK is today being put to government. With research suggesting the region could be hit harder than most by the Covid-19 lockdown, Kickstarting the West Midlands Economy: Our Investment Case to government sets out the immediate actions needed […]
