The 2020 FCI Annual Review has been published online today. Usually published and distributed to the membership during the FCI Annual Meeting, the 52nd Annual Meeting that was to be held 21-25 June 2020 has been postponed until next year. Hence, FCI will mail the Annual Review to all of its 400 members. The FCI […]
British Patient Capital comments on the British Business Bank’s Small Business Equity Tracker which reveals UK VCs currently have a record amount of dry powder ready to deploy. Catherine Lewis La Torre comments: “According to the British Business Bank’s Small Business Equity Tracker, venture capital dry powder – capital yet to be invested – is […]
A much-loved independent booksellers is reopening its doors and returning to normality thanks to a six-figure loan from Lloyds Bank. Family-run Topping & Company Booksellers had to close its stores in Ely, Bath, St Andrews and Edinburgh, in accordance with government guidelines back in March. The company furloughed almost all of its 50 employees, sales […]
The extent of the challenge faced by the UK’s small business owners, in recovering from the pandemic, has been revealed by research published by Amaiz, the business banking app, today. During their research (carried out for them by 3Gem) 10% of small businesses reported that they had lost all of their business as a direct […]
Equity investment in the UK’s tech businesses increased by 27% in 2019 to £4.0bn, the highest amount since the series began in 2011, reveals the British Business Bank’s annual Small Business Equity Tracker report, published today. The UK’s thriving tech sector remains highly attractive to equity investors, accounting for 47% of total equity investment in […]
Schoolbooks.ie, based in Tralee, Co. Kerry, has raised over €100,000 from Linked Finance, Ireland’s leading peer-to-peer (P2P) lender. As Ireland’s largest online retailer of schoolbooks, the funds raised have been used by the company to increase its art, craft and school-book stock to cater for increased demand as parents have coped with home-schooling during the […]
1pm plc (“1pm”), the AIM-listed independent specialist provider of finance facilities to UK SMEs, has supported its first client under the Coronavirus Business Interruption Loan Scheme (CBILS). Lowton Motor Company Limited, a family-run car dealership, secured the £150,000 CBILS loan to drive the business through the covid-19 crisis and beyond. Incorporated in 2012, Lowton Motor […]
NatWest has today announced the launch of a new online payment service, Payit by NatWest, which allows customers to make instant online payments to participating retailers, without the use of a debit or credit card – resulting in a fast, fair, simple and safe payment experience. Payit uses the Open Banking infrastructure to allow customers […]
Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty. According to Coface […]
CitySwift, a leader in big data and machine learning for the public transport sector, has closed a funding round of €2m, bringing funding to date to €3.5m. The round was led by Irelandia Investments and Act Venture Capital, along with other notable transportation investors and entrepreneurs. All investors have been involved in both of CitySwift’s […]
