Published today, the British Business Bank’s Small Business Finance Markets 2020/21 report highlights a surge in applications for external financial support, including government and local grants, among small and medium sized businesses (SMEs), with almost half (45%) of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. […]
Following its annual Business Outlook 2021 report published earlier in the year, specialist business property adviser, Christie & Co, has today released its ‘Dental Market Review 2020/21’ report providing an in-depth analysis of the dental market in 2020 and outlook for 2021. In addition, the document outlines pricing trends, funding for the sector, an insider […]
United Trust Bank (UTB) has reported a 31% increase in new lending to £1.3bn in 2020, helping to drive Operating Profit to £44.1m, a 35% increase on 2019. The strong results demonstrate UTB’s continued commitment to supporting SME housebuilders, developers, businesses and brokers throughout the Covid-19 pandemic. The Bank’s investment in technology, adoption of flexible […]
BHP Corporate Finance has acted as lead advisor and Keebles as legal advisor to the shareholders of GB Eye Limited in the multi-million-pound sale of the business to France based acquiror Abysse Corp. GB Eye is a longstanding and highly regarded Sheffield-based business specialising in the pop-culture, poster and gifting products markets. The business was […]
Shawbrook Bank has launched a new strategic relationship with alternative SME credit fintech, Caple. The move will significantly expand Caple’s lending-as-a-service offer, which provides banks and institutional investors with an efficient way to access and lend to larger SMEs – the 36,000 UK firms turning over between £1m and £50m. Caple is an independent company, […]
Since Allica Bank first opened its doors to SME lending in March 2020 – and despite the challenging Covid environment – the bank has supported SMEs across the UK with £71m of completed loans and a further c.£120m of committed lending offers currently in the process of completion. 85% of this lending is to businesses […]
New research from criteria search specialist Knowledge Bank shows interest from new investors in the buy-to-let market is growing. The analysis of brokers’ searches in February found intermediaries are working with potential new landlords, and the furlough scheme is still of huge interest in the residential market. Knowledge Bank is the largest database of mortgage […]
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has partnered with leading mortgage and protection services proposition Paradigm Mortgage Services. Paradigm Mortgage Services has opted to work with OMS following an extensive review period and this integration will provide Paradigm members with access to OMS’ all-encompassing CRM system and […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has closed an eight-figure facility with property developer Rushbond Group to support the redevelopment of the10-acre former mill building Stonebridge Mills and surrounding land in Leeds. The development will provide 112 residential units comprising a mix of two, three and four-bedroom homes, 30 of whichare […]
Hilltop Credit Partners (“Hilltop”), a UK-based specialist development funding partner, has secured investment from Metropolitan Real Estate (“Metropolitan”), the global real estate multi-manager platform. As part of this, Hilltop will target to deploy up to £300m over the next three years to finance the construction of over 1,000 new residential units across the UK, with […]
