Since the beginning of March relationship managers have been working tirelessly, talking to tens of thousands of business customers to understand how COVID-19 is impacting them and to provide support where it is needed. As part of the Group’s commitment to lend £18bn this year, a £2bn fund was allocated for businesses impacted by COVID-19 […]
Gener8 Finance, the invoice finance provider to small businesses across the UK, has supported a fabrication and welding firm with an additional cash flow funding facility. Stortford Sheet Metal is using the uplifted £200,000 invoice finance funding to manufacture medical boxes for the Nightingale NHS Hospital in London, in a bid to help support the […]
As the world’s economy and business ecosystem remain in a state of flux following the outbreak of Covid-19, the UK’s leading freelancing platform, PeoplePerHour, has reported an unprecedented rise in both freelancer signups and demand for talent in certain areas. During the first 26 days of March 2019, the platform gained 25,673 new signups. During […]
An East Ayrshire car and van rental business is supporting key workers that rely on its services during the coronavirus crisis, thanks to new financial support from Bank of Scotland. Compass Self Drive in Kilmarnock is a family business that operates with a fleet of 80 vehicles available to rent to both commercial and private […]
Governments should hold off on giving their citizens money until after the lockdown is over, finds new insights by the University of Cologne. In an attempt to counteract an economic crash, governments in Hong Kong and the US are giving their citizens equivalent to 1,200 euros to help stimulate their economies. However, Dr Michael Thoene, […]
A consortium of fintech companies has formed to offer the government the ability to speed up the allocation of SME loans in response to Covid-19. It is designed to focus on small businesses that need up to £150,000 loans to stay solvent and manage cash flow, and is calling for £5bn government funding to kick […]
Research from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that community spirit and support for local businesses is flourishing amidst the challenging circumstances brought about by coronavirus. The findings show that four in 10 (41%) Brits have checked in on vulnerable neighbours to see if they need help […]
British Business Investments Ltd, a commercial subsidiary of the British Business Bank, has announced a new commitment under its £100m Regional Angels Programme, committing £10m to Startup Funding Club Limited (SFC). The commitment will be managed by SFC and invested alongside the SFC SEIS & EIS Funds as well as the SFC Angel Network. SFC […]
A Highland recycling firm is continuing to supply essential services to the NHS with the support of Bank of Scotland. Northern Recycling Solutions, based in Alness, provides a critical service to a range of businesses in the north of Scotland, including NHS sites around the Inverness area. Launched by Ewan Calder and his sister Katie […]
Specialist social impact lender, GC Business Finance, has provided one of the first Northern Powerhouse Investment Fund (NPIF) and Coronavirus Business Interruption Loan Scheme (CBILS) loans in the North West to Consensus Workspace, with approval taking only 24 hours from full application. GC Business Finance (GCBF), which is currently one of only 40+ accredited lenders […]
