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Peer2Peer Finance News | September 18, 2019

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British Business Bank

New finance council launched to help SMEs ahead of Brexit

September 5, 2019 |

A NEW business finance council has been set up by the government, to support small- and medium-sized enterprises (SMEs) ahead of Brexit.

The UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury on Thursday announced the creation … Read More

Third of businesses don’t seek funding advice, ThinCats finds

September 5, 2019 |

ALMOST a third of businesses don’t seek an adviser to assist them with external funding which could be problematic if banks rein in financing for Brexit, according to ThinCats.

“Given the double whammy of a global economic slowdown and Brexit, … Read More

British Business Bank finds most SMEs don’t seek finance advice

September 2, 2019 |

BUSINESSES that get external support are up to 25 per cent more likely to become high-growth firms, but the majority do not seek advice, according to new research.

The British Business Bank (BBB) found that 81 per cent of smaller … Read More

British Business Bank lent over £6.6bn in 2018

July 17, 2019 |

STATE-OWNED British Business Bank has lent over £6.6bn to more than 89,000 businesses in the UK over the past year.

This represents a 27 per cent increase on the £5.2bn which was lent in 2017, the bank confirmed.

More than … Read More

British Business Bank hires Warren Ralls as UK network director

July 1, 2019 |

THE BRITISH Business Bank (BBB) has appointed Warren Ralls as UK network director for the South and East of England.

The UK Network is part of the BBB’s new demand development unit created to raise the state-owned development bank’s profile … Read More

British Business Bank appoints new chief risk officer

June 17, 2019 |

THE British Business Bank has appointed Edward O’Hara as its new chief risk officer.

He joins from The Commonwealth Trade Bank, where he served in a similar role since 2017.

O’Hara (pictured) has had an extensive career in risk and … Read More

UK SMEs won a record £6.7bn in equity finance last year

June 14, 2019 |

SMALL- and medium-sized enterprises (SMEs) attracted £6.7bn in equity investments last year – the highest amount ever recorded. This represents a five per cent year-on-year increase.

According to the British Business Bank’s annual Small Business Equity Tracker report, the UK … Read More

UK P2P sector poised for “significant further growth”

June 5, 2019 |

THE UK’S peer-to-peer lending sector is set to experience “significant further growth”, according to Standard & Poor’s.

A report released by the ratings agency this week said that the growing involvement of institutional funds and increased securitisation issuance are set … Read More

Five ways the private and public sector is supporting non-bank lenders

May 17, 2019 |

FROM the Bank of England’s quantitative easing scheme to Help to Buy Equity loans, sometimes it seems as if mainstream lenders are getting more support than those in the alternative finance space.

Banks have benefited from more liquidity being created … Read More

British Business Bank scheme opened up to non-bank lenders

May 16, 2019 |

THE BRITISH Business Bank has opened up its ENABLE Guarantee programme to non-bank lenders, including asset-based lending providers.

Under the programme, the UK government takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, … Read More