With Covid-19 lockdowns, companies are heavily relying on government schemes to support their business: 7 out of 10 UK firms have applied to the furlough scheme 1 in which the government pays for 80% of employees’ salaries (up to £2,500) while they are not working. To get a clearer picture on how different industries are […]
Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders. This new solution builds on Equiniti’s experience in both serving invoice finance lenders and delivering its unique proposition as an end-to-end […]
New research from Aldermore bank reveals that the UK’s small and medium-sized enterprises (SMEs) expect to borrow £48.3bn to support their business following the Covid-19 outbreak. More than three in five (61%) SMEs anticipate borrowing nearly £65,000 in the following 12 months after the outbreak. Speedy access to funding (23%), higher levels of funding (17%) […]
The Smarter Choices consortium launches a pilot aimed at UK manufacturing SMEs to overcome current barriers to energy efficiency after successfully winning Department of Business, Energy, and Industrial Strategy (BEIS) funding. The programme will offer a one-stop-shop in the form of a digital platform, showcasing results from independent energy assessments, framing projects for financial review, […]
During lockdown, the demand for care that is safe and conforms to government regulations has been thrust into the spotlight. It’s no surprise then that Visiting Angels has continued to expand in the UK – their services recognised as essential the world over during this pandemic. Doubling its size in May, eight new faces joined […]
Bibby Financial Services (BFS) has provided a £5m funding facility to Hider Food Imports Ltd, a wholesale food supplier based in Hull. The family-run business, which began trading in 1965, imports fine foods to its UK based customers. The company specialises in nuts, dried fruits and other fine foods including Hazer Baba Turkish Delight, Bavarian […]
Environment Agency figures show a huge surge in fishing licence sales after the government lifted restrictions on outdoor activities. Between 13 May 2020, when the restrictions were lifted, and 9 June 2020 more than 335,000 licences were sold. This represents a rise of more than 200,000 more than the same period last year. It is […]
Aqua, an independent family run group of restaurants in the south west of England, has secured £165k funding from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS), to support the business during the outbreak. Founded in Bristol in 1998 by Richard Smithson, Aqua has become a successful family-run Italian bistro over the years. […]
HK Wentworth Group has successfully secured Coronavirus Business Interruption Loan Scheme (CBILS) funding through Santander designed to assist SMEs during the current coronavirus pandemic. HK Wentworth Group, a leading manufacturer of specialist chemicals, has international headquarters located in Leicestershire, UK and is the parent company of three well known brands with a global presence. The […]
Despite today’s long queues outside newly reopened stores, the home delivery expert ParcelHero is forecasting that the crowds will fall away by Wednesday, as stores remain a stressful environment and home shopping proves too strong a habit to quit. ParcelHero’s head of consumer research, David Jinks MILT, says today might see significant queuing to satisfy […]
