Barclays bank has today announced its support of the Good Business Pays campaign, which encourages large companies to fast track their payments to suppliers. Barclays Business Banking, which supports over one million UK businesses, is reinforcing its commitment to small business owners by signing up to the movement, which was launched in May 2021 to […]
Sage, the leader in accounting, financial, HR and payroll technology for small and medium-sized businesses (SMBs), has announced an expanded partnership with Microsoft. The news includes plans to integrate Microsoft Business Products, including Microsoft 365 and Microsoft Teams, as embedded services in Sage products and the Sage Digital Network. “Increasingly, SMBs are digital businesses – […]
The British Business Bank has announced that, through the Recovery Loan Scheme, accredited lenders have offered over £4.5bn to smaller UK businesses as they steer a path towards a sustainable recovery. Of the £4.51bn of total funding offered through 20,643 facilities, £3.83bn has been drawn down through 18,338 facilities. The Recovery Loan Scheme launched in […]
iwoca, one of Europe’s largest small business lenders, is today announcing that it is more than doubling the maximum size of its core lending product, Flexi-Loan, allowing small business owners to access up to £500,000. The lender is evolving its most popular product, previously capped at £200,000, to meet the growing appetite for high value […]
Overall SME turnover saw a slight uplift again in Q2 2022, following a dip in growth in Q1, according to Bibby Financial Services’ (BFS) latest SME Revenue Index. However, with rate of growth in transport and wholesale SME turnover already easing off, BFS warns that this could be the last positive uptick for the year, […]
Alex Davies, CEO and founder of Wealth Club said: “On 6 April 2025, VCTs, EIS and SEIS will disappear unless the relevant legislation is renewed by the Treasury. Ahead of this sunset clause the Treasury Select Committee has launched an inquiry into the venture capital market, including the effectiveness of tax incentives. With the government […]
A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, the U.K.’s only provider of personal guarantee insurance (PGI) to small business owners has uncovered the scale of debt and arrears associated with the Bounce Back Loan Scheme (BBLS). The findings have been revealed as the Financial Conduct Authority calls […]
Scaling back investment will have a wider economic impact, warns Time Finance as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business. As part of a survey to expose the extent of challenges currently facing businesses, Time Finance also found […]
The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a new study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding […]
eCapital, a leading invoice financier has today announced a relocation of their Northwest office to larger offices in Manchester to support a sustained period of impressive growth. The company having remained committed to delivering funding solutions to businesses throughout what has been a challenging few years has seen an 52% uplift in the amount of […]
