UK Finance has today released its Business Finance Review Q2 2020, the full report can be seen here: https://www.ukfinance.org.uk/data-and-research/data/business-finance/business-finance-review UK Finance provides a regular analysis of how the finance needs of small and medium-sized enterprises (SMEs) are being supported through lending from mainstream lenders and specialised finance providers and also looks at their deposit holdings. […]
Simply, the non-bank SME lender, today announced a fourth financing tranche from the British Business Bank to add to its existing ENABLE Funding facility. In total, the four rounds of financing will provide more than £230m of funding to smaller businesses across the UK. This is now the largest facility under the Bank’s ENABLE Funding […]
James Endersby, CEO at Opinium said “The loosening of restrictions over the summer allowed many businesses to make a start on the road to recovery – this has halted in September. The reimposition of restrictions for millions of people across the country has had a marked impact on the UK’s economic recovery, as well as […]
Phoenix Cinema in Leicester is preparing to re-open its doors this autumn after receiving support from Lloyds Bank, as part of the Coronavirus Business Interruption Loan Scheme (CBILS). The independent cinema and art centre, which has become a cultural institution in the city since opening in 1963, was forced to close its doors on 17th […]
Almost three-fifths (59%) of UK businesses are confident that they will see growth in the next three years, despite the difficulties they are experiencing due to the coronavirus pandemic, according to the latest Santander Trade Barometer published today. The data ranks business confidence higher now than this time last year. Businesses aspiring to internationalise are […]
SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020. Risktech business Nimbla, surveyed 2,000 UK SMEs and found that £2.2bn in revenue (for goods and services provided during lockdown) has been lost because those customers fell into administration. A number that is set […]
Plans to deliver dozens of affordable homes within striking distance of the City of London as part of a £22m housing scheme have today been unveiled by developer Southern Grove. The 45 units in Limehouse — a short walk from Canary Wharf — will be a mix of London Affordable Rent and Affordable Shared Ownership […]
According to the latest job market data from CV-Library, the UK’s leading independent job board, applications to finance jobs were up by 22.8% across the UK last month, with the application to job ratio soaring by a massive 101.4% year-on-year. The job board analysed its data from September 2020, comparing the findings with September 2019 […]
Scottish Pacific (ScotPac) is pleased to announce the appointment of Jon Sutton as chief executive officer. Sutton will take over from current chief executive officer Peter Langham, who steps into a non-executive board role. Sutton is a finance industry veteran with almost three decades of experience including CEO and managing director roles at Bank of […]
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the pandemic. With the reduction in […]
