Figures released by the banking lobby group UK Finance showed that only one in five UK businesses who have formally applied for government-backed loans have been granted emergency funding during the COVID-19 lockdown. A total of 6,020 loans worth £1.1bn had been issued under the coronavirus business interruption loan scheme (CBILS) as of Tuesday. That […]
By Chris Rooke ISBN: 978 1 787113 94 7 £37.50 Veloce Publishing – www.veloce.co.uk When you see a large format, paperback book that costs a whopping £37.50, it can stop you in your tracks. Yet, with some collector titles tipping into hundreds of Pounds, one produced for the serious restorer, which carries 820 colour images […]
In a major step of market validation, the UK’s first and largest cryptocurrency automotive trader AutoCoinCars has reported a 1000% increase in sales within the last month, despite the current economic climate. Having recently announced its partnership with some of the UK’s biggest and most renowned car dealers, including Redline Specialist Cars, Saxton 4×4 and […]
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank. Keith Morgan, […]
The UK Statistics Authority and HM Treasury have today announced that they will be extending the time period for the current joint consultation on the future of the Retail Prices Index, in light of the ongoing COVID-19 pandemic. With businesses and individuals focused on mitigating the challenges that this public health and economic emergency has […]
British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme. The funds from British Business Investments will be invested by Par Equity alongside the Par EIS Fund and the Par Investor Network to deliver over £75m […]
REAL Zeta Commercial Finance has expanded its regional footprint in the North West, with the appointments of Annabel Todd, who takes up the position of North West regional business development director and Andrew Welden, who joins the business in the role of business development associate. Both Annabel and Andrew will be based in BREAL Zeta’s […]
The chancellor of the exchequer has announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS). CLBILS can help provide facilities […]
Remote work looks very tempting when you look at it from the outside. You know all those fascinating pictures of freelance work? The photo shows a smiling man with a laptop sitting at a cup of tea in a cafe or lying in a hammock under palm trees. Having succumbed to the charm of this […]
Ebury, one of Europe’s largest fintech companies, has been granted approval in the Netherlands to provide SMEs with loans under the government’s SME Credit Guarantee Scheme, which was launched in response to the coronavirus crisis. The scheme, which is available to Dutch businesses with fewer than 250 employees, provides government guarantees for loans of up […]
