The Lending Standards Board (LSB), the self-regulatory body for banks and lenders, is urging financial services firms to feed-in on how its protection Standards for business customers can help drive sustainability in financial services – while providing good outcomes for customers. The LSB has published a report examining the provision of green finance products for […]
Business owners are being urged to encourage open communication, career development and work life balance to retain employees. The business experts at Suited Insure have put together their tips for improving staff retention rates. With a challenging job market, making a role and the benefits that come with it attractive are vital for retaining good […]
A lack of awareness surrounding the potential of the government-backed Recovery Loan Scheme (RLS) may be holding businesses back from accessing a critical source of funding for growth, according to Allica Bank, the digital relationship bank dedicated to serving established British businesses. Its latest survey of commercial mortgage brokers found that almost a third (32%) […]
Recent research from the British Business Bank found there has been no improvement in the value of investment deals to all-female founder teams over the past decade. While the Small Business Equity Tracker 2023 found that 27% of deals went to teams with at least one female founder, the highest proportion ever, all-female teams accounted […]
With many industries facing staff shortages, just over half of small business owners surveyed want more migrant workers to come to the UK. New data from iwoca, one of Europe’s largest small business lenders, reveals that 52% of SMEs are in favour of opening the UK’s doors to more workers from overseas with the expansion […]
New American Express research has revealed continued consumer support for small restaurants and other independent hospitality venues, and a strong appetite to enjoy new dining experiences across the summer. The survey asked 2,000 UK consumers to reflect on their visits to independent restaurants, bistros and cafes over the last 12 months, and found that the […]
Micro-business owners with less than ten employees are being warned to avoid mistakes of businesses past. Insurance experts from Suited Insure are urging SMEs and owners of micro-businesses of ten employees or less to avoid failure due to common mistakes. This comes after it is revealed micro-businesses suffered their worst contraction in 2022, falling from […]
The resilience of the UK’s small business community should not be underestimated, despite ongoing cost challenges including the continuing rise in the cost of borrowing and the scourge of late payment. Purbeck Personal Guarantee Insurance surveyed the directors and owners of small businesses across the UK to reveal that 78% of small businesses are currently […]
Linked Finance, now Ireland’s fastest growing alternative lending platforms, has reached a significant milestone of providing more than €250m in lending to small and medium-sized enterprises (SMEs) across the country. This achievement underscores the strong and increased demand that there is in the Irish SME sector for alternative forms of finance and marks a decade […]
London businesses are positioned to power the country’s economic recovery as they shake off uncertainties, according to the latest report from the London Chamber of Commerce and Industry’s (LCCI). Nearly a quarter (24%) of the capital’s businesses noted an increase in domestic sales in the second quarter of this year, up from 21% in the […]
