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 […]
Tim Boag, group managing director, Business Finance at Aldermore, comments on the government’s Policy Paper on housing and planning: “In order to solve the housing crisis, we need to build more homes. Our SME housing developer customers tell us that they often face delays due to local planning department resourcing or are told their plans […]
Hitachi Capital Business Finance launches Inputs Finance product directly to farmers One in five (20%) agricultural business leaders struggle to prepare for seasonal changes, while 41% admit they are kept awake by unpredictable weather. Agriculture businesses are twice as likely as national average to say that cashflow is holding their business back (28% vs 14%). […]
Representing the country’s start-ups and small businesses, the National Enterprise Network has welcomed the chancellor’s announcement of a further £130m for the Start Up Loan Scheme. ‘In their early stages many start-ups need initial funding but are frequently seen as not sufficiently credit worthy to justify support from the banks. The Start Up Loan Scheme […]
