National UK SME funder, Haydock Finance, has announced a support fund to help SMEs hit by the knock-on effects of the coronavirus crisis. As a member of the SME Finance Charter, Haydock understands the significant impact this situation could bring to British business and would like to support SMEs though these difficult trading times. To […]
We are carefully monitoring the coronavirus pandemic and making daily decisions about our business operations and staff wellbeing – as I’m sure you are too. For Nucleus Commercial Finance, the health and safety of global teams, our partners, and our clients is our number-one priority. To this end, I want to take a moment to […]
The Government has announced this morning they are due to unveil new financial measures to support the UK economy as the coronavirus continues to impact the global stock market. Since COVID-19 has been declared a global pandemic, the world’s economy has been in a state of flux. The FTSE 100 has seen several days of […]
A national helpline has been set up in West Yorkshire to help businesses survive the coronavirus crisis. Commercial Finance Consultancy ABL Business has set up the advice line to provide information on the government’s CBILS (Coronavirus Business Interruption Loans Scheme) and also on what banks are doing to help businesses remain resilient. The company’s joint […]
Rangewell, business finance specialists have launched: ‘Support my Business’ today. ‘Support My Business’ is a pro-bono project which aims to help SMEs weather some of the economic upheavals of the coronavirus. Support My Business is a one-stop directory for SMEs to share any gift vouchers or offers they are running during this period of uncertainly. […]
Beaming has advised UK businesses not to neglect cybersecurity when putting in place plans to enable widespread homeworking by their employees. Beaming’s annual survey of business leaders, undertaken in January 2020, found that almost half (46%) of UK employers, the equivalent of around 653,000 organisations, would encounter delays while members of staff got operations up […]
Growth Street has announced that it has initiated a liquidity event to protect its borrowers and investors. This is due to the unprecedented impact that the novel coronavirus (COVID-19) has had on the business finance industry and the wider economy. Growth Street has taken this move to maintain stability within its loan book, helping to […]
Wednesday’s Budget saw Rishi Sunak touch on the government’s promise to “level-up” the regions of the UK outside of London. Extra funding of over £1bn for Northern Ireland, Scotland and Wales was revealed, as well as new HM Treasury offices in the latter two locations and a civil service hub in the North of England […]
United Trust Bank (UTB) has reported a 21% increase in new lending in 2019 completing £994m of new loans throughout the year. Operating income for the year was £64.9m and the Bank’s loan book increased to £1.24bn. Considerable investment in the Bank’s infrastructure and people coupled with sector wide margin compression and growth being weighted […]
Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank. The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller businesses and smaller housing developers, helping them grow as well as helping […]
