Almost 29,500 Bounce Back Loans have been approved over the past month, bringing the total number of small enterprises to access the scheme to over 1.5 million since it launched in May last year. More than £45.5bn has now been lent through this scheme. These totals include businesses which have opted to ‘top-up’ their Bounce […]
BCR publishes progress updates on Public Commitments from Pool A, B, C and D Capability and Innovation Fund recipients and sets out details for Pool F The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool A, B, C and D recipients, providing a summary of performance against their public commitments […]
West Midlands tech start-ups are being urged to apply for one of 10 places on a business accelerator programme to take their company to the next level. Not-for-profit tech hub and think tank, Birmingham Tech, has partnered with West Midlands Combined Authority (WMCA) to create ScaleUp Accelerator to help local businesses with high-growth potential, and […]
The latest Lloyds Bank Business Barometer shows: Overall business confidence increased by nine percentage points to 2%, the first positive net balance since the start of the pandemic and the highest level recorded since March 2020. Although confidence remains below pre-Covid levels, the improvement in sentiment was led by a rise in firms’ own trading […]
Mortgage Broker Tools (MBT) has launched a criteria search tool that enables brokers to quickly research exact criteria wording directly from nearly 100 lenders. MBT Criteria Search provides brokers with a free text search bar that allows them to research any criteria term from any number of lenders on the panel, which includes all lenders […]
Marine and Towage Services Group Ltd (MTS), has secured a £5m refinance package through leading alternative finance provider for mid-sized SMEs, ThinCats. With a history dating back to 1924, MTS is now one of the UK’s leading providers of services to the marine sector providing coastal and ocean towage services and support for the marine […]
XUM is one of the leading wholesale memory ram sellers in the UK. The business sources IC-chips from recycling centres and refurbishes them for use in computing and gaming products. Set up in 2012, the business can take any component that has gigabytes, for instance routers, televisions, and computers, and recycle them into new electronic […]
Suros Capital, which lends against luxury assets, is seeing a growing trend for enquiries from brokers whose clients wish to borrow using classic cars as security against short-term financing needs. Loan requests backed by the security of a classic or luxury car now represent up to 30% of enquiries for borrowings of above £50,000. A […]
NatWest has today announced the launch of a major development to its flagship open banking payments service, Payit by NatWest, that will allow businesses to send payments directly to customers without needing their bank details – an industry first. The feature aims to replace the use of cheques and bank transfers when sending money to […]
The growth of online retail has driven a significant increase in the number of companies in the transportation and storage sector since 2013, Paragon Bank analysis has revealed. Analysis of Companies House data shows there has been a 155% increase in businesses registered in that sector since 2013, the second highest growth sector of the […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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