How rising inflation will impact small businesses

Everybody knows that rising inflation means an increase in the cost of living. But not everyone realises that the effect on small- and medium-sized enterprises (SMEs) can be much more severe.

Earlier this week, it was announced that the Consumer … Read More

Sancus increases Northern profile with new hire

SANCUS FINANCE has expanded its presence in the North of England by hiring Jennifer Roberts in the newly-created role of regional manager – north.

Roberts will be based in Manchester and will be responsible for increasing awareness of the P2P … Read More

Article 50: Brexit must be turned into an opportunity for UK businesses

WITH Article 50 kicking off Brexit proceedings, the UK government and businesses must work hard to turn uncertainty into an opportunity, firms and industry groups said on Tuesday.

A lack of clarity around the UK’s divorce from the EU could … Read More

Late payments add to woes of UK’s small businesses

SMALL businesses in the UK are struggling with late payments, with just 51 per cent of invoices paid on time last year.

According to research from cloud accountancy firm FreeAgent, businesses in Sheffield are the worst affected, with just 24 per cent … Read More

Nearly half of Brits don’t know where to find business funding

FORTY five per cent of Brits do not know where to turn for business funding, and 64 per cent do not have the financial means to support their business ventures, according to a new survey.

Just over a third (35 … Read More

1.6m Brits lend money to friends and family to plug £4bn funding shortfall

MORE than 1.6m Brits have lent money to a loved one to help them start or grow a business, as it is revealed that UK banks turn down 26 per cent of business funding applications.

According to new research by … Read More

Banks ignore Bank of England Funding for Lending Scheme

ONLY one lender made use of the Bank of England’s Funding for Lending Scheme in the third quarter of this year, new records have revealed.

Aldermore, the Reading-based bank which specialises in small- and medium-sized enterprise (SME) lending, was the … Read More

Autumn Statement: What does it mean for SME funding?

FUNDING for start-ups, corporate tax cuts, and high-speed broadband – at first glance, the Autumn Statement seemed to be full of good news for small- and medium-sized (SME) businesses. But zoom in on the fine print and a different story … Read More

BBB extends funding programme to P2P lenders

THE BRITISH Business Bank (BBB) has expanded its Enable Funding Programme to include peer-to-peer lenders for the first time.

The scheme, which gives lenders access to capital market funding, had previously been open only to UK-based banks which lend, or … Read More

Funding Circle celebrates record-breaking week

FUNDING Circle broke its own lending record last week, with £32m allocated to more than 460 businesses between the 14th and 18th of November.

By the end of the week, the platform also listed a record number of loans on … Read More