With restrictions on some non-essential businesses lifting, and further changes due to come into effect on 15th June, new research from Intuit QuickBooks suggests SMEs are looking towards recovery following the impact of the pandemic. Almost three in five (57%) small and medium-sized enterprises (SMEs) feel confident about business activity in the next month – […]
Cynergy Bank is pleased to announce that from today it will offer the Coronavirus Business Interruption Loan Scheme (CBILS) to new business customers, having launched the scheme for existing customers in late April 2020. Following the British Business Bank’s announcement in April 2020 that Cynergy Bank – along with three other ‘challenger’ banks – had […]
Figures published by the Treasury reveal how the banking and finance sector is helping businesses across the UK through these tough times. So far, lenders have approved over £31.3bn to over 745,000 businesses through government-backed schemes. In the past week alone, more than £3.8bn in lending has been provided to 94,000 firms through these schemes. […]
Shop prices fell by 2.4% in May compared to a 1.7% decrease in April. This is below the 12- and 6-month average price decreases of 0.7% and 1.0%, respectively. This is the highest rate of decline since our series began in December 2006. Non-food prices fell sharply by 4.6% in May compared to a decline […]
Industrial services and waste management firm, Harpers Environmental, has secured £2m of funding from Independent Growth Finance (IGF). This invoice discounting facility is central to the company’s refinance for growth. The company focuses on the extraction, treatment and appropriate disposal of waste, based out of two sites in York and Teesside. It serves clients across […]
The number of businesses with a positive outlook for the next 12 months exceeds the number with a negative outlook for the first time, in the clearest sign yet that parts of the economy are slowly springing to life, according to the latest wave of the Opinium-Cebr Business Distress Tracker. However, despite the marginal improvements […]
Dubbed ‘one of the most exciting new British gin brands’, Manchester-based Didsbury Gin has announced plans to expand into US markets as a result of £420,000 investment from the Northern Powerhouse Investment Fund (NPIF). Launched in 2017 by gin lovers Liam Manton and Mark Smallwood, Didsbury Gin, which also made a successful pitch on Dragon’s […]
A South Tyneside nursery group has been able to safeguard more than 100 jobs and secure its future after receiving a new loan from Lloyds Bank. South Shields-based Early Learning Partnership operates five nurseries across the town, with 650 children enrolled on either private or government-backed plans. The business was forced to close its doors […]
Aldermore, the specialist bank, has provided capital funding to Mauveworx, a point of sale marketing company, which has moved to support the production of Personal Protective Equipment (PPE) for use by NHS staff in the fight against Covid-19. Based in Dorset, Mauveworx ordinarily supply retailers with printed point of sale marketing materials but was inspired […]
Thousands of businesses re-opening in the UK could be at risk of cyber-attacks say leading tax and advisory firm Blick Rothenberg. David Hough, a technology specialist at the firm said: “We have all sorts of evidence that the threat from cyber criminals is rife and that they will taking advantage of re-opening businesses where they […]
