The UK manufacturing sector showed signs of stabilising in June, following the recent steep downturn caused by the Covid-19 pandemic. Output edged back into growth territory as factories restarted, lockdown restrictions were loosened and staff returned to work. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to 50.1 in June, up from 40.7 […]
Global fintech company Paysend today released a white paper focusing on the empowerment of women in low-income countries through international money transfers. The paper, published by Paysend, uses data from the World Bank and a number of other sources to demonstrate the importance of the digitisation of money transfers for women in poor socio-economic situations. […]
Envestors secures the SidebySide EIS Fund as its strategic investment partner to achieve its mission of creating a connected marketplace for the UK’s early stage investment market Today Envestors has announced it has secured £2m in funding to grow its digital marketplace for start-up investment, The marketplace, powered by Envestors’ white-label investment platform Envestry, facilitates […]
Zenus Bank, the American digital bank is announcing today it is the first International financial entity to become a Principal Member of Visa, the world’s leader in digital payments. Zenus Bank makes it easy and safe for clients to access, send, receive and store money in the USA from anywhere globally. By leveraging Visa’s brand, […]
The banking and finance industry has supported more than one million businesses through the three government-backed lending schemes in just over three months, figures published by HM Treasury today have revealed. Almost 1.02 million facilities worth £42.9bn have been approved through the Coronavirus Businesses Interruption Loans Scheme (CBILS), Bounce Back Loan Scheme (BBLS) and Coronavirus […]
Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan Scheme (BBLS). New CBILS lenders 365 […]
Europe has begun opening back up following extensive lockdowns to control the Covid-19 pandemic but, according to most analyses including that of German chancellor Angela Merkel, the continent has a long way to go on the road to recovery. The most powerful political players in Europe, Merkel and France’s Emmanuel Macron, joined the interventionist side […]
Up to 7,500 new homes across the West Midlands are to be built on former industrial land after Boris Johnson today announced an extra £84m to expand the region’s trailblazing brownfield regeneration programme. Unveiling a £5bn infrastructure investment package to help drive the UK’s post-Covid-19 recovery during a visit to Dudley, the prime minister revealed […]
Funding Xchange’s Quarterly SME Lending Monitor highlights the need to address the stresses currently experienced by up to 40% of the businesses who have borrowed from alternative lenders. Funding Xchange is the leading online portal appointed by the government to direct small businesses unable to access funding from their high street bank to other lending […]
A Worcestershire-based specialist steel fabrication business remains open with the support of Lloyds Bank and hopes to realise its expansion plans post-Covid-19. NHS supplier, All 4 One Engineering is continuing to process orders for the industrial roofing and cladding trades after working with the bank to secure a six-figure funding package via the government-backed Coronavirus […]
