Cameron Ventures Group, an operator of a number of hotels in the Suffolk area, has received a £5.875m loan from Cynergy Bank, £5m of which was a CBILS loan while the remainder was lent through the Recovery Lending Scheme. Whilst the government guarantee is for six years, recognising the significant disruption Covid-19 has caused to […]
Leicester-based Cambridge & Counties Bank, one of the UK’s leading niche banks for SMEs and professional property investors, has launched an enhanced financial crime solution in cooperation with ieDigital, the specialist financial technology provider for the financial services sector. The initiative comes against the concerning backdrop reported in PwC’s Global Economic Crime Survey 2020 which […]
DF Capital, a specialist savings and commercial lending bank, has developed a digital interactive channel that will enable its savings customers to self-serve their accounts, and apply for new products, fully online. The online savings platform has been developed in partnership with ieDigital, the digital experience platform provider for financial institutions and financial services providers, […]
A new survey of 365 decision makers within UK businesses has uncovered the impact of the pandemic on business confidence, exploring how their fortunes have fared since the easing of lockdown restrictions. It found: Half (50%) of all businesses are yet to return to full operational capacity Figure jumps to 71% amongst micro businesses (2-9 employees) 50% have experienced staff shortages due to the “pingdemic” A majority (55%) say further lockdowns would […]
Advantedge Commercial Finance has hit a funding milestone providing over £100m of funding to UK businesses to support their plans. The firm achieved the milestone in July and have continued their growth with funding levels now at £110m. The achievement comes on the back of what has been a challenging 18 months for businesses as […]
The first social enterprise in the UK dedicated solely to helping emergency responders make a smoother transition into life after public service has been formally launched. Where before there was no clear post-career structure for ex-emergency services personnel and their families, X-ES (X-Emergency Services) will offer free, co-ordinated information, post-career advice and comprehensive specialist support […]
A report published by NatWest has found that changes brought about due to the pandemic have inspired record numbers of UK adults to start their own business. 1 in 7 adults now plan to become an entrepreneur, an increase of 50% on last year, and despite data that suggests the number of existing entrepreneurs in […]
UK businesses have had to become both innovative and resilient to survive the impact of Covid and none more so than Bishop Stortford based family butchers Farm2Table which specialised in supplying quality free range products to the retail and catering trade. The Farm literally saw its business dry up overnight when the hospitality sector in […]
Hermes, one of the UK’s leading consumer delivery companies, has pledged over £200k of its apprenticeship levy funds to help support SMEs – the maximum amount it can in a year, under the government scheme. This will enable other companies to take on new apprentices or upskill existing ones, providing a valuable post pandemic boost […]
Leading UK anti-money laundering specialist SmartSearch has warned businesses are at risk of being caught out by a potential winter lockdown, as media reports circulate about government plans to deal with rising cases of coronavirus. Despite official denials of any plans for an October lockdown, there are concerns that there may be some kind of […]
25/08/2021
Edition 293 – July/August 2021
Who tends the flame? By Business Money group editor Robert Lefroy Interview:...
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