Responding to the Financial Conduct Authority (FCA)’s publication of the final rules for its access to cash regime, Martin McTague, national chair of the Federation of Small Businesses (FSB), said: “Overall, the FCA’s new access to cash rules could play an important role in stemming the loss of cash infrastructure in the UK – but […]
London’s crown as the UK capital of microbusiness density is coming under threat from areas outside the capital following rapid growth in regional entrepreneurship, according to new figures published today. The findings come from Venture Forward, a multi-year international research initiative by GoDaddy, that analyses data from more than half a million digital microbusinesses in […]
Research commissioned by United Trust Bank (UTB) has found that SMEs are potentially missing out on approximately £2.29bn of interest payments each year by leaving excess credit balances in current accounts and instant access savings accounts paying no or uncompetitive rates of interest. Experts at the award-winning savings provider have calculated that the approximately £2.29bn […]
Optimum Finance, the invoice finance specialist, has reported another strong six-months as it continues in its quest to support the UK small and medium-sized enterprise (SME) community with the cashflow companies need to grow in the context of ongoing economic challenges. Not only has the company continued to advance £100ms to UK SMEs, but it […]
If the new government are serious about unemployment, they will relax the effective 55% tax which comes into play when a universal credit beneficiary works a few extra hours, say leading audit, tax and business advisory firm, Blick Rothenberg. Robert Salter, a technical director at the firm, said: “It is interesting to note that the […]
More small businesses applied for finance to support growth initiatives in quarter 2 2024 than at any other time in the past three years according to the latest analysis by Purbeck Insurance Services – the UK’s only provider of personal guarantee insurance for small business loans. 19% of small business owners securing personal guarantee backed […]
A recent survey of 500 SMEs held by invoice finance company, Novuna Business Cash Flow (https://www.novuna.co.uk/business-cash-flow/invoice-finance/), reveals that 33% of small and medium-sized enterprises (SMEs) in the UK urgently require financial support within the next year to continue their operations. As businesses grapple with economic challenges, there is a critical need to understand the many […]
Amidst escalating economic and environmental challenges, SMEs are at a crossroads. A new report delves into the dilemma SMEs face: how to balance sustainability with financial stability. With 71% of SMEs in the last 12 months viewing sustainability as an opportunity to diversify and grow their business, the report explores how green initiatives can help reduce […]
The British Business Bank has agreed a second portfolio increase of £100m to specialist commercial lender DF Capital’s existing ENABLE Guarantee facility. This transaction builds on the £250m which was agreed through the first facility increase announced in August 2023. The total facility now stands at £350m, doubling the initial commitment of £175m agreed in […]
Europe’s largest innovation funding consultancy today publishes its first Manifesto for Innovation as part of a campaign to urge the UK’s new Labour government to reform Britain’s uninspiring approach to innovation. The last decade can be characterised by a string of successive attempts to position the UK as a ‘science superpower’. Despite these efforts, flat […]
