Up to 7,500 new homes across the West Midlands are to be built on former industrial land after Boris Johnson today announced an extra £84m to expand the region’s trailblazing brownfield regeneration programme. Unveiling a £5bn infrastructure investment package to help drive the UK’s post-Covid-19 recovery during a visit to Dudley, the prime minister revealed […]
Funding Xchange’s Quarterly SME Lending Monitor highlights the need to address the stresses currently experienced by up to 40% of the businesses who have borrowed from alternative lenders. Funding Xchange is the leading online portal appointed by the government to direct small businesses unable to access funding from their high street bank to other lending […]
A Worcestershire-based specialist steel fabrication business remains open with the support of Lloyds Bank and hopes to realise its expansion plans post-Covid-19. NHS supplier, All 4 One Engineering is continuing to process orders for the industrial roofing and cladding trades after working with the bank to secure a six-figure funding package via the government-backed Coronavirus […]
Almost two thirds (64%) of businesses struggling as a result of Covid-19 don’t expect to be financially viable again until December or later, new research reveals. The survey of 500 UK business decision makers found that business turnover has dropped even further since the UK first went into lockdown, with almost two thirds (63%) of […]
Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL) has structured and delivered a flexible asset based lending (ABL) facility for Hill’s Panel Products, a leading supplier to the fitted furniture industry. The transaction, which was completed in just three and a half weeks, will provide an increased level of working capital to enable the business […]
Marqeta, the leading global modern card issuing platform, today announced it has helped one of the UK’s fastest-growing companies, Capital on Tap, to expand its small business credit lending services to Spain. Capital on Tap will be using Marqeta to power payment processing for its small business credit card, offering a working capital facility of […]
A Merseyside family-owned supplier of uniform to the hospitality, spa and leisure sector is supporting the NHS with the production of PPE during the coronavirus pandemic with support from Lloyds Bank. Prescot-based Florence Roby specialises in the high-quality design and manufacture of uniforms across a range of sectors including hospitality, premium beauty, hotel, spa and […]
Castle Trust Bank has launched new criteria to reflect that the government’s Covid Alert Level has been reduced to Level 3. With the Alert Level currently at 3, Castle Trust has expanded its criteria to include bridge-to-let and first-time landlords. The bank is currently lending on buy-to-let assets only, up to a maximum LTV of […]
Employees remain confident about their long-term career prospects despite rising job uncertainty as a result of Covid-19, according to new research by Robert Half UK, the international recruitment consultancy. Despite the latest employment update from the ONS highlighting that job vacancies had fallen to a record low in April, two fifths (42%) of workers said […]
With Covid-19’s long-term impact on consumer behaviour still unclear, the week that high street stores reopened saw online retail sales surge by +41.3% year-on-year (YoY) and +1.8% week-on-week (WoW). This marks the second strongest YoY growth since lockdown measures were put in place, according to the latest IMRG Capgemini Online Retail Index, which tracks the […]
