The total value of construction contract awards in June 2020 was £2.2bn based on a three-month rolling average. Compared to May, this is a decrease of 9.2% and is also 57.3% lower than June 2019. However, contract award numbers in June increased by 81.4% to 477, signalling an improvement in conditions. The latest edition of […]
Digital lender Selina Finance has completed a £42m Series A fundraise, it announced today. The funding includes £12m in equity and £30m in debt lines and will boost the company’s growth as they look ahead to launching a consumer product later this year. The equity funding, raised from a range of leading fintech investors including […]
Lancashire County Council’s Rosebud Fund, which invests between £10,000 and £300,000 in businesses across the region, has reached a lending milestone of £2m. Since GC Business Finance was appointed to deliver the fund in July 2019, Rosebud has made 16 investments which have enabled businesses across Lancashire to expand and has directly resulted in the […]
RSM called on government today to urgently consider extending the temporary Covid-19 regulatory relief – the Corporate Insolvency and Governance Act – to three months beyond the date on which it is currently set to end. The leading audit, tax and consulting firm says an extension will allow consumer-facing businesses more time to bolster their […]
UK manufacturing exports fell sharply in Q2 2020, according to the Lloyds Bank International Trade Index. The speed of decline was the fastest since data collection began in 1996, driven by the impact of coronavirus on both international supply chains and falling overseas demand for British goods and services. The Index hit a new low […]
With many commuters shunning the prospect of rail travel and season tickets, a marked reduction in road use outside cities and a shift towards remote working and home shopping, an overhaul of how the UK builds and manages transport and public mobility will be required. The survey’s results show why investment in road, rail and […]
FOLK2FOLK, the local lending company, announces its partnership with the institutional digital debt marketplace CrossLend as it continues to build its institutional investor-base. FOLK2FOLK facilitates loans to credit-worthy businesses seeking finance to grow, develop or diversify, funded by retail and institutional investors looking for a secured and inflation-beating return on their capital. The economic recovery […]
The New Forest and Hampshire’s flagship county show has refunded all of its suppliers and customers after it was cancelled due to the coronavirus pandemic, with the support of a Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank. The event had been due to take place on the last weekend of July. The […]
Family-run business, Bodle Bros Ltd, which has been supplying animal feed to local farms in the Mid Sussex area and grain merchanting for nearly 200 years, have secured their future for generations to come with the purchase of their premises with the support of commercial finance specialists, BIZL. The supplier of animal, pet and equestrian […]
The Association of Short Term Lenders (ASTL) has announced the date, and a number of exciting changes, for its Annual Conference 2020. The ASTL Annual Conference will take place on Tuesday 22nd September and, for the first time in its history, will be held as a virtual event enabling delegates to attend from wherever they […]
