#3rdGen lender, Octane Capital, today announced it has had to create a waiting list for its new BTL offering given the sheer strength of demand from the broker community. Octane’s BTL product requires ZERO stress-testing, which is one of the major challenges brokers and landlords are facing in an increasingly conservative lending environment. The product, […]
Increased productivity as a result of working from home during lockdown could transform the way businesses and employees approach their working week, according to a new study released today. Greater productivity enables homeworkers to upskill The Lockdown Lessons report, commissioned by TalkTalk, revealed that more than half (58%) of workers in the UK said they […]
Aldermore bank has appointed David Whitehouse and Colin Ness as property development managers covering the North of England and South West England and Wales respectively. The announcement follows the appointment of Iain Bryson as head of development and specialist property in June 2020. Both David and Colin will focus on supporting experienced developers and intermediaries […]
Before coronavirus, Shropshire based Capital Cashmere relied on county shows, game fairs, horse events and pop up shops to sell its cashmere clothing and accessories. With lockdown in place and cashflow tied up in stock and event deposits, owner Alan Ball had no alternative but to furlough his employee. Discussions with Santander identified a multi […]
Supply chain finance has seen consistent growth since the global financial crisis of 2008. In 2019 Revenues derived from it reached between $50bn and $75bn, figures from the International Chamber of Commerce revealed. While trade finance revenues overall were down 1% in comparative years figures, taken from the first three months of 2020 compared to […]
Local people are winning new jobs and gaining valuable skills working on the construction of the new Sandwell Aquatics Centre – all part of the West Midlands Combined Authority’s plan to ensure that there is a local jobs and investment boost from construction of sporting venues. The West Midlands Combined Authority is funding training for […]
Responding to the latest ONS Retail Sales Index figures which showed a 4.1% increase in overall sales (retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “It is clear that the retail industry is entering a period of fragile recovery, with August showing the third consecutive month of growth. […]
A new investment of £3m has been announced to help boost innovation and entrepreneurship in Greater Manchester. The funding has been awarded by Greater Manchester Local Enterprise Partnership (LEP) and Greater Manchester Combined Authority (GMCA) to the Growth Company’s GC Angels, an investment service formed to support businesses seeking access to early-stage capital. The investment, […]
Overall, recovery in activity among the UK’s small businesses stalled in August as growth slowed according to the latest edition of the NatWest UK Small Business PMI® report. The Headline All-Sector Small Business Activity Index slipped to 50.6, down from a two-year high of 53.3 in July. Worryingly just above the 50.0 level that separates […]
Ahead of the ONS retail sales release for August, Yolt, the smart-thinking money app, has revealed new data which demonstrates that, when compared to February before the pandemic was declared, spending on shopping went up 36% in August. The data also revealed that users had been spending more, but less often, when compared to February, […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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