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 […]
One in ten businesses in the wholesale and retail sector (9%) are facing imminent collapse as they state they will not survive another month of the lockdown, according to the latest wave of the Opinium-Cebr Business Distress Tracker. Further to this, the long-term damage to the economy continues to accumulate as the time that businesses […]
Baldwins Group, one of the UK’s fastest growing accountancy and business advisory firms, is pleased to announce it is partnering with leading UK universities and commercial enterprises to launch the National Innovation Centre for the Rural Economy (NICRE), which will undertake research, allowing the development of government policy to further support the country’s rural economy. […]
Just three months ago no one had heard of Covid-19 yet in a short period of time it has come to dominate the rhetoric and completely change how we live, work and socialise. Businesses have faced an unprecedented level of disruption and as with any crisis, there have been winners and there have been losers. […]
B-North, the Manchester-based firm building an SME lending bank for the UK, has chosen Leeds based RegTech innovator, TruNarrative, to provide a full suite of customer onboarding and compliance capabilities that will enable B-North to deliver crucial business lending up to 10x faster than large incumbents. TruNarrative’s platform capabilities will be added to B-North’s selected […]
A regional housebuilder has been able to support its future with a multi-million-pound Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank. Aquinna Homes, which is based in Beaconsfield and owns developments across the South East, was started in the garage of ex-Taylor Wimpey and Bovis Homes executive, Stephen Brazier, in 2004. The business, […]
Online shopping has outstripped all other forms of spending over the past month, with more than half of UK shoppers (57%) saying they are shopping online more than ever and record numbers signing up to virtual experiences like home fitness classes, TV and film subscriptions and online learning during lockdown. The research from Mastercard revealed […]
