A significant number of the UK’s SME remain dangerously exposed to a cyber-attack, according to new joint research from specialist insurance provider CFC Underwriting and the UK’s leading premium finance company, Premium Credit. The study found that a third of businesses which have been offered cyber insurance have decided not to invest in the cover. […]
”Ask Inclusive Finance, the inclusive tech-enabled funding platform, today announces its plans to transform the finance ecosystem serving small and microbusinesses in the UK, to help kickstart economic growth needed up and down the country. AskIf’s ambition is to ensure that every creditworthy small and micro business in the UK can get the funding and […]
IR35 is new legislation – fiction Many people think IR35 is a new piece of legislation that is being implemented from April 2020. Although there are significant changes from April, IR35 has been around since April 2000 and the purpose of the legislation is to combat disguised employment. It was previously the contractor who was […]
1pm plc is delighted to announce that it has secured increased levels of financing with one of its primary funders, NatWest. The now £42m facility will further enable the Group’s invoice finance division to help more UK businesses looking to access finance to support their business growth. 1pm is keen to meet the growing demand […]
Research conducted by Nucleus Commercial Finance has revealed that nearly four in 10 (39%) of UK SMEs encountered financial challenges over the past twelve months. Of this group, a quarter (24%) of business owners dipped into their personal savings to address financial issues within their businesses, while 27% simply took no action, rather than seeking […]
Two-thirds of small businesses want the government to take concrete action on improving access to finance iwoca’s small business customers support measures on business rates and skills, but have not warmed to Boris Johnson’s election pledges on infrastructure Small businesses in iwoca’s community also voice concerns about policies which would increase costs, such as […]
Fintech small business lender iwoca will receive € 100m to finance new loans for several thousand small businesses across Germany. The debt capital is provided by Insight Investment, one of the largest global asset managers in the world. iwoca, which was set up by a German-British duo of co-founders, has already issued over € 1bn […]
Published today, the British Business Bank’s 2020 Small Business Finance Markets report highlights significant long-term growth in alternative finance volumes over the last five years, with a 32% increase in asset finance, a 131% increase in equity finance and a 374% increase in marketplace business lending. The British Business Bank was set up in 2014, […]
Alternative lender Just Cash Flow PLC has begun harnessing augmented intelligence (AI) to identify promising startups through their online footprint – including social – and approach them directly. Start-ups are usually caught in the catch-22 situation of being unable to access financial support, because lenders traditionally request two or more years of accounts to indicate […]
Metro Bank has recently undertaken a strategic review of its business. As part of that process, and in line with its future plans, Metro Bank submitted a revised business case to BCR. This retained important features of the original business case while scaling back some aspects. Consequently, Metro proposed returning to BCR £50m of the […]
