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Peer2Peer Finance News | November 18, 2017

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SME News

Value of SMEs vastly underestimated

November 16, 2017 |

A NEW survey from the British Business Bank (BBB) has revealed the vast majority of the nation significantly underestimates the scale of small businesses in the UK.

Research by ICM, commissioned by the BBB, found that just two per cent … Read More

Government urged to create ISA aimed at SMEs

November 15, 2017 |

THE government is being urged to establish a tax-free ISA wrapper to support small businesses.

Aldermore is calling for the establishment of an entrepreneur ISA that could follow a a similar model to the Help to Buy ISA (HISA) but … Read More

Money management struggles for young business owners

November 15, 2017 |

THE next generation of entrepreneurs are finding it difficult to keep on top of their business finances, with around 60 per cent of millennial business owners stating that financial administration is one of the most stressful aspects of their role.

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Scale-ups want better access to growth finance

November 14, 2017 |

SCALE-UPS with a desire to innovate want better access to growth finance, as well as research and development funding, a study has found.

The Scale Up Institute’s annual report, released on Tuesday, suggested scale-ups are twice as likely to innovate … Read More

Lack of funding biggest barrier to starting a business

November 9, 2017 |

TWO THIRDS of would-be entrepreneurs have been held back from starting a business due to lack of funding, a survey claims.

Research by online retailer Ebuyer, based on a poll of 2,000 adults, found 67 per cent cited a lack … Read More

British Business Bank’s EFG scheme hits £3bn lending milestone

November 2, 2017 |

BRITISH Business Bank (BBB) has lent more than £3bn to smaller businesses that would struggle to obtain finance, through its enterprise finance guarantee (EFG) programme.

The initiative provides loans ranging between £1,000 and £1.2m to small firms that would have … Read More

Businesses feel a lack of government support

October 26, 2017 |

TWO THIRDS of business leaders say they lack government support, a new survey claims.

The latest enterprise index research by accountancy firm Smith & Williamson questioned nearly 200 business leaders and entrepreneurs about the political climate for small- and medium-sized … Read More

RateSetter: SMEs are ignoring their credit score

October 16, 2017 |

ALMOST half (44 per cent) of small- and medium-sized enterprises (SMEs) have never checked their credit score, new research from RateSetter Business Finance shows.

The study, released on Monday, found that a further six per cent have opted against checking … Read More

Small businesses using big data but missing a trick with AI

October 6, 2017 |

SMALL businesses are turning to big data to scale up, but underestimating the potential of artificial intelligence (AI), new research has found.

Accountancy firm Smith & Williamson conducted a survey which showed that 63 per cent of small firms across … Read More

SMEs to contribute £241bn to UK economy by 2025

October 5, 2017 |

SMALL- AND MEDIUM-SIZED enterprises (SMEs) are set to contribute £241bn to the UK economy by 2025, new research claims.

The study by the Centre for Economics and Business Research (Cebr) and Hampshire Trust Bank, released on Thursday, predicts that SME … Read More