Following the reopening of the housing market in England, on the 13 May, the May 2020 RICS Residential Market Survey unsurprisingly saw a slight improvement in the outlook for sales over the coming twelve months across the UK as a whole. As the housing market in England started to get going, the UK headline net […]
Hope Capital today launches a wholly unique bridging loan – the Hope Combi Loan. This brand-new product combines the Discounted Rate Loan with the Hope Flexi product and a three-month payment holiday period. It is suitable for customers wanting to optimise the loan amount they receive on day one and service their loan, but who […]
LTi Technology Solutions (LTi), a leading provider in asset finance software solutions, announced today that Propel is live with ASPIRE on the LTiCloud. With its passion for driving the business forward and leveraging the latest technology, ASPIRE enables Propel to implement enhanced operational efficiencies in order to meet its future business growth objectives. At the […]
Benjamin James Kershaw CEO of Golden Egg Recruiting apart of The Golden Egg Group extends up to £5m payroll funding line for organisations financially affected by the coronavirus pandemic. Launched in June Golden Egg’s Funded Staffing Scheme is on hand to support the most affected companies through these changing times. The scheme offers a financial […]
The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has made 66 investments in 47 York, North Yorkshire & East Riding based small growing businesses, with funding exceeding £23m in the region. NPIF which has been investing since February 2017, delivering equity finance, debt finance, and microfinance solutions ranging in size from £25,000 […]
Rural and older communities are as ready to join the cashless payments revolution as their younger and city-dwelling counterparts, new research from Hitachi Capital (UK) PLC has found. While studies have found a technological divide between rural and city communities, Hitachi Capital UK’s research of 2,000 UK consumers shows that individuals polled across rural areas […]
Catherine Lewis La Torre has been appointed interim CEO of the government-owned British Business Bank and will take up the role from 1 September. Catherine currently holds the position of CEO of the Bank’s two commercial subsidiaries, British Patient Capital and British Business Investments. In October 2019, Keith Morgan CBE announced that he would be […]
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other […]
The coronavirus pandemic is causing SME owners across the country to take drastic action in order to ensure their business survives. According to research by Nucleus Commercial Finance, one in seven (14%) are using personal savings for immediate financial support despite the options available from alternative lenders. Only a quarter (25%) of SMEs have avoided […]
The banking and finance industry has backed over 830,000 UK businesses through the government’s coronavirus loan schemes. Figures published by HM Treasury today reveal that lenders have provided £34.9bn through the three major government-backed lending programmes. £3.6bn has been granted to 85,000 businesses in the past week, with more applications expected to be approved in […]
