Three large employers are helping the region’s economy to recover from the Covid-19 shutdown by contributing more than £200,000 to fund apprenticeship training for small and medium-sized enterprises (SMEs) through a scheme set up by the West Midlands Combined Authority (WMCA). Enterprise Rent a Car, developer St Modwen Properties and City of Wolverhampton Council are […]
Alternative finance provider, Reward Finance Group, has joined The National Association of Commercial Finance Brokers (NACFB) which has more than 2000 commercial finance brokers covering the whole of the UK. The decision to join NACFB follows Reward’s ninth successive year of growth, which has seen the continued investment in people and IT and a strong […]
An award-winning, family-run hotel, pub and wedding venue in Swansea is hoping to welcome patrons back in July following support from Bank of Scotland. Based on the Gower peninsular, the King Arthur Hotel has secured a six-figure loan from Bank of Scotland via the Coronavirus Business Interruption Loan Scheme (CBILS) to help it cover critical […]
Torquay Leisure Hotels Limited, the South West’s largest serviced accommodation provider, successfully secured a £1m Coronavirus Business Interruption Loan Scheme (CBILS) facility from Santander UK. The Group has now begun reopening in stages to comply with industry and government guidelines. The Group was established in the 1940s and has seen strong growth in recent years. […]
Rising levels of corporate debt and mounting loan losses amid the coronavirus pandemic will prompt financial institutions to reimagine their role in economic recovery, according to the counsel of partners at international law firm Shearman & Sterling, published in a selection of essays today. Growing volumes of “bad” debt during the pandemic have magnified systemic […]
Funding Xchange, the leading government appointed portal that helps small businesses identify loan providers for small businesses that have been declined by their own high street bank, has hailed the achievement of the government’s bounce back loan scheme reaching out to over one million businesses as a key milestone towards economic recovery. At the same […]
Work to breathe new life into a derelict industrial site close to the heart of Birmingham is being accelerated following a multi-million pound investment by the West Midlands Combined Authority (WMCA). More than £4m is being made available by the WMCA to clean up and unlock another three acres of brownfield land at Ickneild Port […]
From today, any business signed up to the SAP Commerce Cloud will be able to access Smartpay and take advantage of benefits including frictionless customer experience, bolstered fraud defences and a consistent payments offering across online and offline channels. One of Smartpay’s chief benefits is its ability to power fast, smooth, flexible payments. The platform […]
Old Amersham Hotels (Holdings) Ltd, a company that runs three popular local hotels and venues in Buckinghamshire, plus its sister company Redesdale Holdings Ltd, which runs hotels in the Cotswolds, have each received a Coronavirus Business Interruption Loan Scheme (CBILS) overdraft via Cynergy Bank. Both companies refinanced loans with Cynergy Bank in February of 2020. […]
Despite the reopening of the majority of high street stores, the UK courier expert ParcelHero says demand for home deliveries has now become evergreen, with seasonal peaks and troughs a thing of the past. ParcelHero’s head of consumer research, David Jinks MILT, explains: ‘Contrary to many analysts’ expectations, parcel deliveries and e-commerce sales have continued […]
