Two in five (40%) small and medium sized enterprises (“SMEs”) have had to stop or pause an area of their business because of a lack of finance over the last couple of years – a significant increase from 27% of SMEs recorded in last year’s survey. This is according to new research commissioned by Manx […]
A cross-party Committee of MPs will examine the key challenges SMEs face when seeking finance, the regulation of small business lending, and the role the government can play in enhancing lending to small businesses. In the wide-ranging new inquiry, the MPs will investigate the accessibility of finance, the role of financial innovation in business lending, […]
The Financial Services and Markets Bill is set to unlock £100bn in the UK economy after receiving the Royal Assent, according to HM Treasury. The Financial Services and Markets Act 2023 will serve as the central driver of the UK’s ‘open, sustainable, and technologically advanced,’ financial services sector, tailoring post-Brexit regulations for UK markets to boost […]
Research from ForrestBrown, the UK’s leading research and development (R&D) tax specialist, has revealed that more than half of accountants’ clients are concerned that increased complexity surrounding R&D tax relief will affect their cashflow. The findings from ForrestBrown’s recent polling of accountants show that this sentiment is echoed by accountants themselves. Nearly two-thirds (61%) of […]
Atom bank has today (29 June) released new research conducted amongst the commercial broker community looking at SMEs’ access to finance and what is driving small business owners to borrow amid the current economically challenging backdrop. Atom’s first ‘SME Pulse’ survey revealed that while the majority of brokers (58%) said they were easily able to […]
New research from Aldermore’s Green SME Index has revealed that two million (40%) UK small and medium-sized businesses (SMEs) have started on the road to making their business fit for net zero. Over a quarter of SMEs have ‘green intentions’ and are currently assessing their sustainability goals (27%). Meanwhile, one in 10 SMEs (9%) could be described […]
Data has revealed that UK businesses have lost around £1.9bn combined due to fraud. With this in mind, new research has revealed the UK regions that have recorded the highest loss in money per fraud case. The experts at Utility Bidder have looked at the UK’s ‘Business Fraud Hotspots’, taking into consideration the regions with […]
SME Bank, the neobank startup that offers banking and financial services specifically for small- and medium-sized enterprises, has signed a new partnership contract with the European Investment Fund (EIF) unlocking €157m in loans (€65m of which has already been financed) to foster growth and development among SMEs across the Baltics, Finland, and the Netherlands. With […]
The global payment market is growing while UK banks are ordering less cash, indicating the growing popularity of cashless payments. With mobile payments rising, there are strong indicators that the UK is rapidly shifting away from physical payment options, preferring the simplicity of mobile payments. This is especially prevalent in London as commuters make the […]
The UK economy could secure a £31bn boost from the widespread adoption of generative Aim according to new research from KPMG. The UK’s struggling economy could benefit from a much-needed £31bn boost from the widespread adoption of generative AI, says the report. According to the ‘Big Four’ firm, generative AI is set to increase UK […]
