HMRC’s provisional estimates for UK residential property transactions for the month of April 2023 have been released today and paint a bleak picture for the UK property market, say leading tax and advisory firm Blick Rothenberg. Sean Randall, a stamp duty and property tax partner with Blick Rothenberg said: “The numbers are the worst figures
Over 50 cutting-edge farming projects are being awarded £30m by The Farming Innovation Programme to help support farmers and growers produce more food sustainably in an attempt to move towards the net zero goal. The government has set out to create a more resilient and sustainable agricultural sector with the aim of reducing methane emissions
The volume of bolt-on acquisitions made by tech businesses across the UK in Q1 2023 was at its lowest levels since lockdown shook the M&A market in Q2 2020, according to Rickitt Mitchell’s Buy & Build Barometer. The latest analysis from the corporate finance firm, conducted in partnership with Experian Market iQ, reveals 36 deals
UK Export Finance (UKEF) has announced £300k of support for Telford-based battery manufacturer AceOn, allowing it to secure new export contracts in the Portuguese renewable energy market. This deal sees UKEF use its partnership with non-bank lender Newable to support the export ambitions of small and medium-sized enterprises through its General Export Facility scheme. This
Fast-growing finance provider Frontier Development Capital (FDC) has raised a further £30m from two of its existing investors after completing a record year for investment. The additional funding, which comes from West Midlands Pension Fund and British Business Investments, will increase the size of its FDC Debt LP fund to £105m and bring its total
The British Business Bank has agreed an initial £75m ENABLE Guarantee with Cynergy Bank. The guarantee will cover a portfolio of term loans secured, within the commercial real estate sector (e.g. hotels or care homes) and has the potential to be increased to £150m, resulting in up to £70m of additional lending capacity to small
Time Finance and Open InVoice Finance are pleased to announce that they have delivered a £1.1m asset based lending (ABL) facility to aid the expansion of a growing steel structural engineering firm in the South East of England. The business’s financial consultant, Open InVoice Finance, was brought on board to assist the engineering firm in
Funds advised by Hilltop Credit Partners Limited (“Hilltop”), a leading real estate credit investment manager, have completed two loans, totalling £19.6m, to support the delivery of much-needed regional homes in Oxfordshire and Perthshire. In Scotland, Hilltop Credit Partners has provided Glenisla Developments Ltd, a Scottish property development company, with a £17m refinancing loan to enable
Business confidence fell by five points in May to 28%, the first fall in three months, according to the Lloyds Banks Business Barometer. However, confidence levels remain l in line with the Barometer’s long-term average and firmly above last November’s low of 10%. The first decline since February was led by moderate falls in both
Progress updates for Pool A, B, C, D, E & F recipients The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for all Pool recipients, providing a summary of performance against their public commitments to the period 31 March 2023. These are the first informal reports as agreed with CIF awardees when
31/05/2023
Edition 307 – May 2023Another planet By Business Money group editor Robert Lefroy Receivables 2022...
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