SME economic news

05/11/2019

International Islamic Trade Finance Corporation doubles its trade finance and development efforts

The International Islamic Trade Finance Corporation (ITFC) today announced significant progress in its trade financing initiatives in the third quarter of 2019 (Q3), boosting inclusive growth and shared prosperity across OIC Member Countries with financing transactions totalling over US $2.2bn. Major Framework Agreements were signed with Djibouti, Kyrgyzstan, Senegal, Tunisia and Uzbekistan to strengthen ties […]

05/11/2019

Liberis funding helps florist bloom

Doncaster-based Chantal’s Perfect Day Florist is a business that is going from strength to strength, thanks in part to a flexible funding solution designed specifically to support a small business’ individual timescales and cash flow. Owner Chantal Kirk previously ran a florist in a nearby village before a change in personal circumstances obliged her to […]

04/11/2019

IPSE research: Over fifties are driving the rise of self-employment

Millions of older workers are joining and benefiting from the freelance sector, new research from IPSE (the Association of Independent Professionals and the Self-Employed) has found. IPSE’s research shows there are now almost two million (1,907,000) self-employed people over the age of 50 in the UK: a number that has increased by 58.5% in the […]

04/11/2019

Business confidence bolstered by rise in economic optimism – Lloyds Bank Business Barometer

Overall business confidence increased by 4 points to 6% in October, according to the latest findings from the Lloyds Bank Commercial Banking Business Barometer. While still below the long-term average of 24%, it was slightly higher than the previous three months where business confidence averaged 5%. Optimism in the economy also saw an improvement in […]

04/11/2019

Franchise Association celebrates 1st year with almost 100 members

The Quality Franchise Association ( QFA ) was founded by long standing franchising entrepreneur Joel Bissitt on 15th November 2018. Not even a year on the QFA has almost 100 members. The franchise association can also boast many other achievements including the successful launch of it’s own professional accreditation, the Verified Franchising Professional ( VFP […]

04/11/2019

FIBA – commercial finance specialists should broaden their lender panels now

The Financial Intermediary & Broker Association (FIBA) is asking members and non- members to heed the warnings in the Bank of England’s latest quarterly credit conditions survey about lenders cutting access to funding in Q4 and beyond. The BoE survey points to a deteriorating funding situation for businesses, including SMEs, with a deteriorating economic climate […]

04/11/2019

Growth Street launches digital-focused growth strategy

Growth Street today announced the launch of a new digitally-driven growth strategy. Over the past year, Growth Street has been developing new data and risk profiling capabilities to enable it to adopt a purely digital focused approach. This realignment is based on extensive analysis of Growth’s Street’s data, which shows consistently that SMEs have a […]

04/11/2019

Brexit uncertainty has cost SMEs over £1m in revenue – new research

New research finds that only a very small number of the UK’s SMEs (5%) say increased uncertainty over the last three years has not cost their business in terms of lost revenue or turnover. On average, respondents estimated that the increased uncertainty of the last three years has cost their business over one million pounds […]

04/11/2019

SME finance pioneer launches £6m fundraise – to provide over £500m of finance

SME finance platform, Alternative Business Funding (ABF) has announced a £6m fundraise, as it aims to rapidly expand – increasing company registrations to over 160,000 and helping these businesses find over £500mn of finance in just five years. ABF, which has designated status as approved by HM Treasury on the recommendation of the British Business […]

04/11/2019

Election 2019: Business community anticipates hung parliament

In the first poll of UK business owners since the 2019 general election was announced, business finance company MarketInvoice sought their views on voting intentions, expectations and challenges ahead. The election The MarketInvoice Business Insights survey found that most business owners (42%) are nervous about the general election, as two-thirds (67%) anticipate a hung parliament. […]

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International Islamic Trade Finance Corporation doubles its trade finance and development efforts

Liberis funding helps florist bloom

IPSE research: Over fifties are driving the rise of self-employment

Business confidence bolstered by rise in economic optimism – Lloyds Bank Business Barometer

Franchise Association celebrates 1st year with almost 100 members

FIBA – commercial finance specialists should broaden their lender panels now

Growth Street launches digital-focused growth strategy

Brexit uncertainty has cost SMEs over £1m in revenue – new research

SME finance pioneer launches £6m fundraise – to provide over £500m of finance

Election 2019: Business community anticipates hung parliament

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