Despite continued uncertainty, 57% of SMEs across seven European markets feel positive about the future and think that economies will recover to pre-Covid levels within the next two years, according to a research conducted by CapitalBox, leading online pan-European SME funding platform. A further 18% are still confident about a recovery, but believe it will […]
Athlete Factory, a high-level fitness and sports performance company based in Chester, has received a six-figure NPIF loan backed by CBILS from NPIF – BSF & MSIF Microfinance, managed by specialist social impact lender GC Business Finance and MSIF and part of the Northern Powerhouse Investment Fund (NPIF). Founded by Phil Greening, a former English […]
Gatehouse Bank is today relaunching its finance products for HMO (Houses in Multiple Occupation) purchases. The shariah-compliant challenger bank withdrew the range at the end of March 2020 as Covid-19 took hold in the UK and the property market slowed. Paul Stockwell, the bank’s chief commercial officer, said: “Gatehouse is proud to relaunch our HMO […]
Exclusive research from the bank also highlights regional differences in approaches to regulation, expectations for payment innovation and confidence in cybersecurity. Optimism for 2021 As the official insights partner of last year’s Money 20/20 global conference series, Barclays conducted a survey of over 200 financial services leaders from across EMEA, the Americas and Asia-Pacific. From […]
WeOwn, the European Startup which specialises in providing technology for financial services, has today launched Money Turtle across Europe. Money Turtle is a mobile-first platform for companies of all shapes and sizes looking to raise capital. The app modernises the funding process for businesses, removing the awkwardness of borrowing from friends and family when obtaining […]
A Barnsley-based entrepreneur who found himself facing redundancy during the first national lockdown has become the 1000th recipient of a Start Up Loan delivered by alternative lending provider Finance For Enterprise. Richard Adlington took the plunge into self-employment after carving out a successful career with a leading commercial catering equipment company. During his twenty years […]
Hodge has today announced a number of changes to its mortgage team which will help the business cope with increased demand. As part of the changes, Ryan Davies has been appointed as the managing director of mortgages, after having held the role on an interim basis since March 2020. The team has also grown significantly […]
Specialist business property adviser, Christie & Co, has announced the sale of Hessle Pharmacy in Hull, to young pharmacy group, Origin Management. Funding for the sale was sourced through Christie Finance. Hessle Pharmacy, established in 1996, began as a small community pharmacy which quickly developed into a viable business dispensing an average of 12,000 items […]
ThinCats, leading alternative finance provider for mid-sized SMEs, has provided FIRSTavenue, a market leader in global private fund placement, with a multi-million refinance facility. Founded in 2006, FIRSTavenue is a leading global advisory and capital placement business focused on private funds, private companies and private secondaries. The firm was set up to specialise in private […]
S&P Global Ratings believes that publication of the Bank of England’s (BoE’s) 2021 solvency stress test results will help inform investors and other market participants of the resilience of the UK banking system while the UK economy remains in the midst of a real-life stress scenario. The stress test, for which details of the scenario […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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