Singapore’s top SME financing platform Validus Capital (Validus) today announced that small and medium-sized enterprises (SMEs) that received financing through their platform has enabled them to grow their business. It was found that these SMEs contributed S$403m to Singapore’s gross domestic product (GDP) and supported over 10,000 jobs in the country, based on data from […]
Bridging lender Fiduciam has completed its largest German deal to date, with a complex €3.5m transaction to a prominent local real-estate investor in the North Rhine-Westphalia region. The deal provides strong evidence that Fiduciam’s dynamic approach has successfully taken root following its expansion into Germany earlier in the year. The borrower, a prominent and experienced […]
Contractors are set to be hit by a triple whammy of pay cuts as their employers introduce new ways of working to ensure they meet impending HMRC guidelines. That’s the verdict of a leading accountancy firm which says the much-maligned IR35 legislation, which will be enforced from next April, will have a far-reaching impact on […]
Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Karl Leitelmayer as its head of business centre for trade finance. Karl is an invoice finance specialist with over 30 years’ experience in the financial services sector. He joins BFS after 19 years at Lloyds Banking Group, most recently as head of broker channel sales – […]
The Apprenticeship Levy Transfer Fund set up to supercharge apprenticeships in the West Midlands has hit a £5m milestone thanks to contributions from large employers. And the fund has now created more than 150 new apprenticeships at small to medium-sized businesses across the region. The West Midlands Combined Authority (WMCA), which set up the fund, […]
Are you looking to ramp up your hiring efforts as Brexit pressure eases? Well, according to the latest job market report from CV-Library, the UK’s leading independent job board, it’s definitely a good time. In fact, applications for new finance jobs have increased by a promising 13.3% year-on-year. This is despite the findings, which analysed […]
At its recent party conference, the Labour Party committed to reducing average working hours to 32 hours a week – effectively creating a four-day week. A new paper by Jethro Elsden, data analyst at the Centre for Policy Studies, attempts to evaluate the costs for the public sector. The report featured in The Times this […]
The average interest rate on new bank loans for businesses has suddenly jumped from 2.56% to 3.05% in the last month as banks turn increasingly cautious on Brexit risks, says Growthdeck, the private equity investment firm. Rates on new business loans are now at their highest level in more than a decade. Average rates fell […]
While uncertainty about the exact timing of Brexit looks set to linger on into 2020, chartered accountant Wylie & Bisset is advising SMEs to prepare for change now by applying for a Brexit Support Grant. Funded by the Scottish Government, the Brexit Support Grant provides a minimum of £2,000 and a maximum of £4,000 to […]
NatWest today brings its business banking customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites. NatWest has launched the new feature across its full […]
