The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has approved a US$15m Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. City Bank is the latest partner institution to work […]
The exclusive survey of 1,006 SME decision makers by the leading provider of space, money and advice to SMEs, Newable, reveals that 59% of UK SMEs are experiencing drops in revenue and 73% have put the brakes on investment decisions. However, there are positive signs for some businesses, with almost a third of firms actually […]
A horticulture supplier aiming to capitalise on the reopening of garden centres has traded through Covid-19 with the support of a loan from Lloyds Bank. BHGS, a century-old business with a cooperative heritage, has seen demand slump since the coronavirus hit the UK as its customers – including independent garden centres, National Trust estates and […]
A shift in priorities during the Covid-19 crisis has forced businesses to lose focus on performance and longer-term people strategy. That’s according to new research from Personio, the all-in-one HR software solution, which highlights the potential risk of a performance shortfall in the near future. Although 88% of the 500 UK HR managers surveyed rate […]
Leading independent SME funder, Bibby Financial Services (BFS), has provided a £850,000 funding facility to innovative recruitment specialists, MBA and Company Consultancy Ltd, trading as Talmix. The London-based business utilises data driven technology to connect talent with businesses, helping build the workforce of the future. Talmix has over 60,000 users across 150 countries, enabling them […]
Today, Mastercard and Octet Europe announce the launch of a new trade solution across the European Economic Area (EEA). The Mastercard Trade Solution powered by Octet Europe helps small and medium-sized enterprises (SMEs) grow their business by managing any business transaction in a safe, real time and more efficient way. Powered by Octet, the Mastercard […]
The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has made 66 investments in 47 York, North Yorkshire & East Riding based small growing businesses, with funding exceeding £23m in the region. NPIF which has been investing since February 2017, delivering equity finance, debt finance, and microfinance solutions ranging in size from £25,000 […]
Rural and older communities are as ready to join the cashless payments revolution as their younger and city-dwelling counterparts, new research from Hitachi Capital (UK) PLC has found. While studies have found a technological divide between rural and city communities, Hitachi Capital UK’s research of 2,000 UK consumers shows that individuals polled across rural areas […]
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other […]
Float, the cash flow company, today published its “Accounting for change” report, featuring previously unreleased Official Labour Market Statistics from the Office of National Statistics. The report reveals that the industry reached the end of a long-running growth phase prior to the Covid-19 pandemic, recently experiencing increased consolidation among smaller firms and disproportionate growth at […]
