Grimsby-based Haith’s, a major supplier of bird seed and fishing baits, has secured a seven-figure funding package from Cambridge & Counties Bank to restructure its finances and further invest in the business. Initially established in 1937 by John ‘Ted’ Haith, head keeper at Grimsby Zoo, Haith’s has grown into one of the UK’s largest bird […]
Paragon Bank continues to support UK SMEs, providing a facility of up to £700,000 to support working capital needs of Kent-based recruitment firm, Gaia Newton Associates Ltd, enabling the business to continue paying wages. For over 35 years, Gaia has placed individuals in both temporary and permanent roles, predominantly within the construction industry. Paragon has […]
B-North, the Manchester-based firm building an SME lending bank for the UK has appointed Nimisha Patel to the board as an Independent Non-Executive Director (NED). Nimisha brings almost 20 years’ experience in technology, transformation and risk management for some of the biggest names in professional services to B-North. Last year Computer Weekly named Nimisha as […]
Banks are being squeezed and challenged like never before and the ongoing impact of the pandemic will add further complexity, according to the latest Bishopsgate Financial Change Perspective 2021 report, launched today. Based on the views of industry leaders at the forefront of change, including COOs, CIOs, and Heads of Change from over 25 prominent […]
A scheme set up by the West Midlands Combined Authority (WMCA) to fund apprenticeship training for small and medium-sized enterprises (SMEs) has smashed the £20m milestone. The Apprenticeship Levy Transfer Fund enables large employers to pledge their unspent levy to fund the training of apprentices at SMEs in the West Midlands – boosting the region’s […]
Aspen has revamped its 2021 offering with its Stepped Rate cut to 0.44%, its Flat Rate reduced to 0.74%, and the launch of a new Rapid Desktop Valuation bridging product. The new rates, which are down from 0.49% and 0.84% respectively, are immediately available across all products up to a maximum loan size of £5m […]
Britain’s superstar exporters could pave the way for their intermittent counterparts and help add an estimated £4.4bn to UK exports per year, according to a new report, The Contribution of Trade to UK Prosperity’, by Lloyds Bank Commercial Banking and Aston Business School released today. While Britain asserts its global stance as one of the top […]
The British Business Bank, the UK’s economic development bank, has announced further details of Pay As You Grow, which helps UK smaller businesses that have taken out a Covid-19 emergency Bounce Back Loan to manage their cashflow and have a better chance of getting back to growth. Originally announced by the chancellor of the exchequer […]
Over the past five years mergers & acquisitions, private equity and venture capital (VC) amounted to £12.3bn, 25% above than the next highest European city of Basel in Switzerland at £9.8bn. As a result London has remained the dominant cluster in the UK and Europe. Savills notes, however, that it continues to suffer from a […]
The lender has repriced its five-year fixed-rate mortgages to 5.99% on capital repayment and 6.49% on interest-only home loans, in a series of changes designed to offer more options for brokers’ clients. Regulated bridging loans have seen rates cut from 0.65% to 50% LTV and 0.75% to 70% LTV, while the lender has launched a […]
