As digital payments continue to grow in popularity, the UK is experiencing a significant shift towards cashless transactions. With the rise in contactless payments and digital wallets, we’re witnessing how everyday consumers are relying less on cash and traditional payment methods. To discover how payment preferences are evolving, SumUp conducted a nationwide survey, gathering insights from UK […]
Aberdeen, Coventry, and Liverpool have emerged as the UK’s fastest-growing entrepreneurial hubs outside London, as regional challengers put pressure on the capital’s dominance. The GoDaddy Small Business Research Lab, a multi-year research initiative which analyses over 680,000 British small businesses that typically employ fewer than 10 people, measures the concentration of small businesses against local […]
Joe Phelan, money.co.uk business savings expert, says: “Small businesses have long shaped the UK’s economic and cultural landscape. And, in retail, their influence is especially visible. As consumer habits evolve, the role of independent retailers continues to grow in significance. The UK has long been a nation defined by its small businesses. With 5.5 million SMEs […]
More than 70% of SMEs are missing out on the potential support of brokers as a survey by independent lender, Time Finance, reveals the main barriers for businesses accessing finance for growth. The figures form part of Time Finance’s Finance Apathy Survey in partnership with Censuswide, which found that only 28% of those surveyed had […]
New FXE Lending Monitor reveals affordability and borrower readiness are the core barriers to SME finance – not supply More than 5.6 million businesses are now registered in the UK – a record high – with entrepreneurial activity hitting new peaks. In 2023 alone, 880,000 new firms were launched, followed by a further 850,000 in […]
SMEs are increasingly coming under financial pressure as sustained price rises and high cost of living take their toll according to new research from Shawbrook. Nearly eight in ten (78%) of SMEs are worried about inflation and the cost of living, according to Shawbrook’s latest research amongst senior decision makers, an increase from 69% in […]
International SME financier, Bibby Financial Services (BFS), has renewed its securitisation arrangement for three years, boosting its funding capacity to improve access to finance for UK businesses. The refinance deal has been agreed with lenders including Lloyds, HSBC UK Bank PLC, Bayern LB and with participation of funds under the management of Insight Investment. Theo […]
GC Business Finance (GCBF), a Business Support Partner for the British Business Bank’s Start Up Loans (SUL) programme, has injected over £24m in SUL funding into smaller businesses across the UK during the 2024/25 financial year. With 2,127 Start-Up Loans delivered by GCBF, the funding has supported businesses across a wide range of sectors. Operating […]
The percentage of UK small businesses that rely on finance or funding in order to invest in business growth has reached an eight year high – and those most in need of it are the enterprises predicting significant expansion for the months ahead – according to new research by Novuna Business Finance. The nationwide poll […]
Joe Phelan, money.co.uk business loans expert says: “UK SMEs are making significant strides on the road to decarbonisation and are currently outpacing many of their European counterparts. However, access to finance remains a major barrier for those aiming to accelerate their progress. Going green is not just good for the planet – it’s good for business. […]
