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23/11/2023

Trafalgar will launch new turbofintech for SMEs using Thought Machine’s technology

Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a suite of additional financial services, including digital cards, POS systems, […]

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23/11/2023

Rob Stanton becomes sales and distribution director of Landbay

Rob Stanton has been promoted to sales and distribution director of Landbay. Previously he was Landbay’s business development director having joined Landbay as a regional account manager in 2018. Rob will now lead the sales team and Landbay’s national accounts across all distribution channels, including networks, mortgage clubs and packagers. He will also be joining […]

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23/11/2023

Cashflows Advance launches to meet demand for flexible, fixed-fee business funding

Today, Cashflows, the platform that makes it easy for businesses to accept payments, launches Cashflows Advance – a new service that enables eligible merchants to access frictionless funding without the fixed monthly repayments of traditional funding.  With more than a third (36%) of SMEs using external finance in 2022, Cashflows Advance is redefining business funding […]

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23/11/2023

UK Export Finance unveils extra support for SME exporters

UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets. More fast-track funding for small UK exporters The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access […]

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23/11/2023

Almost half of UK SME leaders have considered buying another company in the last 12 months

New research from Marktlink, the independent international mergers and acquisitions (M&A) advisory firm, with a UK base in Manchester, reveals that 47% of SME leaders have considered buying another business in the past year. Of these, nearly two thirds (64%) are planning to purchase another company in the next five years. UK entrepreneurs are most likely […]

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23/11/2023

UKEF helps secure £367m investment for windtech factory in Tees Valley

UKEF and K-Sure have secured support worth £367m for South Korean manufacturer SeAH Steel Holding’s construction of a windtech factory near Redcar, in the Tees Valley. The financing will secure inward investment which will create 750 jobs in Teesside and ensures construction of the world’s largest wind monopile factory in Redcar. Issuing its first ever […]

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23/11/2023

Greater Manchester Investment Zone targets growth and jobs in advanced manufacturing sector

A new Investment Zone for Greater Manchester, announced by the chancellor in his Autumn Statement, is expected to create 32,000 jobs and leverage £1.1bn of private sector investment. The Investment Zone will provide £160m in public funding over 10 years to support initiatives and interventions agreed between Greater Manchester and government, which will include new […]

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23/11/2023

Legislation to offset taxes paid by workers caught by IR35 welcome, says CIOT

The announcement that taxes already paid by workers who were incorrectly categorised as outside the scope of off-payroll working rules (also known as IR35) can be offset against the tax due from their deemed employer is welcome, says the Chartered Institute of Taxation (CIOT). The government has confirmed that legislation will be brought forward so […]

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23/11/2023

UK Finance response to the Autumn Statement

Responding to the chancellor’s Autumn Statement, David Postings, chief executive of UK Finance, said: “The chancellor’s Autumn Statement today demonstrates a continued commitment to growth, which is essential for businesses and people across the country. We welcome this focus, the change to making full-expensing of investment permanent and the wide-ranging announcements on housing which will […]

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