The UK business savings market increased month on month by £1.6bn in October to £383bn, as UK businesses show renewed focus on building up financial buffers and preparing for future investment, according to analysis by Aldermore bank of data released by the Bank of England. Business Savings market up to £383bn in October, with growth […]
BCR Annual Report The directors of BCR have today published the company’s Annual Report for 2020/2021 which includes for the first-time case studies on how some awardees have used funds from the Alternative Remedies Package (ARP) to make significant impact on the provision of financial and related services to SMEs. The annual report can be found […]
Despite lingering anxieties about the pandemic and a variety of economic and commercial issues, the majority of SMEs believe it is now imperative to begin building back from the crisis. They are ready to step up their business investment, with ambitious plans for recruitment, renewal of equipment and machinery, and both domestic and international expansion. […]
Coadjute, the blockchain network for the UK property market that aims to transform the ease and speed of home purchasing, has announced a £6m investment funding round led by Manchester-based Praetura Ventures. Coadjute is a blockchain network that enables the existing software used by estate agents, conveyancers, mortgage brokers and lenders to become interoperable, enabling […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been selected by mortgage advisory firm UK Moneyman as its tech partner. UK Moneyman has opted for OMS after a short trial of the system and this integration will offer its advisers full access to OMS’ all-encompassing CRM system and full […]
Canadian fintech ensures Unimoni establishes itself as a leading provider of money transfer, foreign currency exchange, payment, and credit solutions. Unimoni provides a wide variety of financial solutions and services via multiple customer touchpoints, including retail stores, online and mobile solutions, and self-service kiosks, making money a seamless movement across geographies, currencies, and channels. In 2021, […]
Assetz Capital has provided a £2.3m commercial mortgage to Roseberry View Lodges, enabling the luxury holiday site to refinance an existing development facility and fund five new lodges in North Yorkshire. The loan follows 18 months of increased demand for UK staycations, with many of Roseberry View’s existing ten lodges booked solid far ahead for […]
New research by Savills commissioned by LDS Sales Guarantees has revealed the current scale of delivery and pipeline of SME housebuilders sites. The Savills report estimates that 370-550 small house led sites (equating to c. 9,000-14,000 new homes) are being delivered in England and Wales per year. It also reveals there are 136,000 homes yet […]
Small declines in firms’ own trading prospects and economic optimism aggregated to see overall business confidence slip for the second consecutive month in November. The latest Lloyds Bank Business Barometer shows that despite business confidence dropping by three points to 40% it remains above the long-term average of 28%. The net balance for firms’ own […]
Northern-based bridging finance specialist SDKA (www.SDKAltd.com), established in 2016, has announced a new funding partnership with investment manager, Downing LLP. The new facility will provide further flexibility to SDKA, enabling it to expand its capacity and serve more of the UK bridging market. London based Downing (www.downing.co.uk) is an investment management business with over 30 […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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