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Peer2Peer Finance News | November 24, 2017

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Treasury

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

MPs to investigate how to boost household savings

November 8, 2017 |

THE TREASURY Committee has announced plans to look into the level of savings among households and what would make them save more.

MPs in the select committee have unveiled an inquiry into household finances that will scrutinise problematic indebtedness, inter-generational … Read More

Treasury seeks creditors’ views on solution to problem debt

October 24, 2017 |

THE GOVERNMENT is seeking views from creditors and debt advisors as it plans to provide indebted individuals with a six-week ‘breathing space’ from their bills.

This period would give people time to seek financial advice on how to manage their … Read More

3pc of SMEs obtained finance under bank referral scheme

August 11, 2017 |

LESS than three per cent of small businesses referred to alternative lenders via the bank referral scheme have obtained finance, according to the first-ever statistics on the initiative released by the Treasury.

230 small- and medium-sized enterprises (SMEs) have collectively … Read More

Treasury plans new fund to support UK start-ups after Brexit

August 1, 2017 |

THE UK government has proposed a new national investment fund to replace EU funding to British start-ups after Brexit.

The new fund could be set up as a public-private partnership or be placed fully on the government’s balance sheet, to … Read More

Industry split on bank referral scheme ahead of Treasury announcement

July 28, 2017 |

THE TREASURY is expected to release its first public figures on the bank referral scheme in the coming weeks, with the commercial finance sector divided on the initiative’s success.

The government-backed scheme launched last November to much fanfare, mandating nine … Read More

Funding Circle’s Desai among confirmed speakers at Fintech Week 2017

April 4, 2017 |

FUNDING Circle’s Samir Desai is among the keynote speakers at the government’s international fintech conference, it was confirmed on Tuesday.

The chief executive and co-founder of the peer-to-peer business lender will be joined by other leading figures in the UK … Read More

Fintech Week 2017 set to showcase the UK’s strengths

February 26, 2017 |

FINTECH Week 2017 will take place in April, with the aim of attracting more international investment into the sector, the chancellor has announced.

The UK government and fintech trade body Innovate Finance are working together to deliver the second … Read More

MarketInvoice and Funding Circle represent P2P on fintech delivery panel

February 3, 2017 |

MARKETINVOICE and Funding Circle executives are among the industry experts selected for the Treasury-backed fintech delivery panel, which will aim to maintain the UK’s position as a global fintech hub.

Anil Stocker (pictured), chief executive of MarketInvoice and Martin … Read More

New government envoys to support Scottish fintech

December 8, 2016 |

SCOTTISH peer-to-peer lenders such as LendingCrowd will be supported by new government envoys hired to develop Scotland’s growing fintech industry.

The Treasury said on Thursday that David Ferguson, chief executive of Nucleus, and Louise Smith, head of design in personal … Read More