With the number of UK SMEs in significant financial distress reaching over 500,000 due to Covid-19, leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit insurance. This will ensure that SMEs can continue trading and prevent the UK economy from […]
With the news that car dealerships can return to work from 1st June, Iain Robertson was keen to discover what it felt like on the frontline and offered his services to a non-franchise but specialist garage on the outskirts of the City of Lincoln. Had I been furloughed, to relieve the (bloody) boredom of self-imposed […]
Businesses using data to make recruiting decisions are twice as likely to hire better quality candidates, according to research by Aptitude Research and Oleeo. The study shows that 72% of companies are prioritising automated recruiting decisions for the year ahead to meet the needs of the business and the changing expectations of candidates, recruiters, and […]
Regional leaders have called on government to allow the West Midlands to become a national test bed for an early reopening of the tourism, hospitality and cultural sector. Mayor of the West Midlands Andy Street, Fiona Allan, chair of the West Midlands Tourism Board and CEO of Birmingham Hippodrome and Martin Sutherland, chair of the […]
New data published today from open banking platform Tink reveals that financial institutions in the UK are ramping up their investments in open banking, as the industry mindset moves away from purely PSD2 compliance and towards value creation. The survey — based on 290 senior decision makers at financial institutions in 12 European countries — […]
Leading UK invoice finance firm Optimum Finance has launched a support service designed for firms in the healthcare sector called Optimum Medic. Optimum Medic is a specialist invoice finance service designed for businesses supplying the healthcare, medical and pharmacy sectors in the UK. The new initiative comes on the back of a Covid-19 support package […]
Figures published by HM Treasury today reveal how the banking and finance sector is helping businesses of all sizes get through these tough times. Lenders have approved £27.5 billion to more than 650,000 businesses so far through the three major government-backed lending schemes. The industry is providing an unprecedented level of support to businesses across […]
A major survey of Scottish businesses has revealed the full impact of the coronavirus lockdown – with confidence so badly damaged that 61% fear they will go bust, despite government support. More than 400 companies, working across 17 broad sectors, took part in the survey. Results saw 93% stating they had been adversely affected by […]
New research from Aldermore, the specialist bank, reveals how the Covid-19 pandemic is hugely impacting small to medium-sized enterprises (SMEs) in different sectors across the UK. SMEs in the hospitality and leisure industries have been the hardest hit by the pandemic, losing on average 54% of their monthly business income. SMEs in the food and […]
A family run fruit and vegetable wholesaler has launched a delivery service offering an expanded range of products to homes across Scotland’s Central Belt, with support from Bank of Scotland. The majority of Charles Stamper Fruit & Veg’s customers, which include bars, restaurants, hotels and schools, closed their doors when the government mandated lockdown came […]
