A study released today reveals the scale of omni-channel pressure brands now faced as a result of the Covid-19 pandemic, as consumers flock to apps and websites to as the priority destination to transact with brands. The UK has experienced a huge leap in use of online services thanks to lockdown, with the public appearing […]
Responding to the latest HM Treasury figures on Covid-19 support for businesses, managing director of commercial finance at UK Finance, Stephen Pegge, said: “The banking and finance industry remains committed to supporting the nation’s businesses through the challenges they are facing from the coronavirus crisis. “Over the past three months, 26 lenders have thrown their […]
Business bank, Allica Bank has combined data and insight from over 1,000 UK SMEs with a multiple regression analysis to determine what factors most closely aligned with an SMEs’ chances of success and separated the highest-performing businesses from their peers. These ‘rules for success’ have been compiled from the research data to support British businesses […]
Independent business lender White Oak UK has today announced it has successfully distributed over £50m of loans to SMEs throughout the Covid-19 crisis, as part of the government’s Coronavirus Business Interruption Loan Scheme (CBILS). White Oak UK provides business loans, equipment finance and asset-based lending solutions to SMEs and mid-corporate clients across the UK. The […]
YUDU, a software company specialising in digital publishing and crisis communications, has secured a £300k loan from Rosebud, a fund managed by GC Business Finance, to accelerate the growth of its flagship product, Sentinel. Sentinel is a crisis management platform that improves operational resilience by enabling mass notification alerts, document sharing, communications via chat channels […]
Nearly a quarter of small retailers and hospitality firms don’t know when they’ll open their doors again after being forced to shut down because of the coronavirus pandemic and lockdown, according to new research carried out among the UK’s once thriving small business sector. Nationally, a total of 35% of all SMEs said they had […]
A food manufacturer and wholesaler in Shrewsbury has been able to expand its services and safeguard the future of the business with the help of a six-figure Coronavirus Business Interruption Scheme (CLBILS) package from Lloyds Bank. Oriental Food Express, which supplies Asian food ingredients to restaurants and oriental supermarkets including Wing Yip, saw a significant […]
The UK200Group, the UK’s leading professional services group of independent chartered accountancy and law firms, is calling for government action now to put in place measures for the handling of billions of pounds worth of business borrowing as a result of Covid 19 which will be payable in the Spring of 2021. The specific issue […]
Cynergy Bank is pleased to announce that its lending allocation under the Coronavirus Business Interruption Loan Scheme (CBILS) has increased. This increase, in addition to the original allocation in April 2020, means the Bank will be able to continue to offer government backed guaranteed loans to both new and existing business customers. CBILS, delivered through […]
Eight ‘shovel ready’ projects, ranging from the National Brownfield Land Institute to Very Light Rail developments are to benefit from £66m of government funding secured for the region. The money from the government’s Getting Building Fund is aimed at projects which can be started quickly and completed within 18 months. This creates jobs and drives […]
