Over recent years, remote working has become increasingly popular, as technology has reduced the need for a physical office space for some industries. Many employers and HR professionals also advocate this way of working as an approach to enhance the work-life balance of employees. As many businesses continue to have staff work remotely in line […]
Independent Leicestershire-based family business Everards has successfully secured a £5m Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Everards, which owns over 170 tenanted pubs across the Midlands and brews a range of ales, has faced unprecedented challenges due to the coronavirus outbreak and temporary closure of pubs across the country. The impact of […]
Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). New lenders Bibby Financial Services, iwoca, Scania Financial Services, Triodos Bank UK, Ulster Community Investment Trust (UCIT), and Woodsford TradeBridge will be able to provide financial support to smaller businesses across […]
Over £64.8m has been invested into 257 businesses by the Midlands Engine Investment Fund (MEIF), with new data revealing its regional impact released today. The £250m Fund, which was launched by the government’s British Business Bank in 2017 to support small businesses in the Midlands, has helped to create 629 jobs, with 37% paying above […]
Figures published by HM Treasury today show that the banking and finance industry has approved over £22bn in loans to over half a million (505,043) businesses so far through the three major government-backed lending schemes. In the past week alone lenders have provided over £7bn to businesses through the Bounce Back Loan Scheme (BBLS), the […]
With the government providing backing for the Bounce Back Loan Scheme, a huge volume of small businesses will now have access to cheap money, but leading business growth speaker, Dean Seddon, warns that it will take more than loans to help small businesses recover. “Customers attitudes have changed. If you are an online business, to […]
Allica Bank – the business bank whose mission is to empower small and medium sized businesses to succeed – has today announced the launch of its 12-month and 24-month deposit accounts for businesses. The FSCS-protected accounts (for amounts up to £85,000) will offer interest rates of 1.00% and 1.05% AER, fixed for 12 and 24 […]
A leading medical equipment manufacturer increased its production capacity and workforce to help NHS Nightingale hospitals care for patients fighting the coronavirus, with support from Lloyds Bank. West Sussex’s RDP Group specialises in medical carts with inbuilt IT systems. It supplies 95% of NHS trusts across the UK with workstations for medical professionals in hospital […]
A chocolate producer whose products are enjoyed by visitors to tourist attractions throughout Europe, has secured a six-figure funding package from Lloyds Bank to help continue its operations during the COVID-19 outbreak. Calico Cottage, based in Haddenham, Cambridgeshire, was established in 1989 and sells fudge-making systems to customers across the UK and Europe. Its sister […]
The government’s £500m Future Fund is under review as many call for the scheme to be expanded to include private investors making use of the Enterprise Investment Scheme (EIS). The fund currently allows investors to back startups that have received over £250,000 of funding previously, and the business to benefit from matched funding from the […]
