Ssassy Property and Triodos Bank UK have announced a unique £5.5m financing package for Ssassy’s Springfield Meadows project. Springfield Meadows is thought to be the UK’s most sustainable residential property development project, and Triodos Bank’s funding package marks the first time the bank has invested in a private eco-residential project in the UK. The £5.5m […]
Bridging Vat has become the latest lender to join the Association of Short Term Lenders (ASTL). Bridging Vat is a specialist lender advancing short terms loans for the VAT due on commercial property purchases, and provides clients with an in-depth level of expertise in both the funding and recovery of VAT. It becomes the latest […]
In response to the economic shock triggered by the new coronavirus, and sharp falls in asset and commodity prices, both the Bank of England (BoE) and the U.K. government have made significant announcements intended to immediately support UK businesses and households, with the banking system expected to play its part. Despite generally disappointing results in […]
Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank. The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller businesses and smaller housing developers, helping them grow as well as helping […]
A Manchester-based technology business that has created a platform for people to confidentially and safely report workplace harassment has secured a £1.35m investment in a funding round led by Praetura Ventures, a VC firm which targets early stage businesses in high value sectors. GC Angels joined the round and invested £100,000. Culture Shift was founded […]
Tim Boag, group managing director, Business Finance at Aldermore, comments on the government’s Policy Paper on housing and planning: “In order to solve the housing crisis, we need to build more homes. Our SME housing developer customers tell us that they often face delays due to local planning department resourcing or are told their plans […]
Hitachi Capital Business Finance launches Inputs Finance product directly to farmers One in five (20%) agricultural business leaders struggle to prepare for seasonal changes, while 41% admit they are kept awake by unpredictable weather. Agriculture businesses are twice as likely as national average to say that cashflow is holding their business back (28% vs 14%). […]
The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has published its first report to address the issues from the second Payment Services Directive (PSD2). The report, made up of six contributed articles from leading industry figures, also gives practical feedback for the next iteration of the directive. […]
Keith Morgan, chief executive, British Business Bank, said: “At Budget 2020, the chancellor has announced new measures relating to the British Business Bank. Together they represent a significant package of funding that further underlines the critical role of the Bank in making finance markets work better for smaller businesses across the UK, allowing them to […]
Rangewell, the business finance specialists have updated their rolling ‘Lender Pulse’ report: Lender Pulse is a multi-week insight into the modus operandi of business financiers who are the lifeblood of British SMEs. Rangewell believes that business lending is the ‘canary test’ for the UK economy and hope this report will help track the ongoing economic effects […]
