The government has announced that its bank referral scheme has helped 230 British businesses access £3.8m of funding in its first nine months, but should we be celebrating that statistic?
All businesses have costs, and sometimes getting a scale-up off the ground requires a cash injection. Not everyone is lucky enough to have the bank manager on their side though – so where else can you turn?
Tide, an SME banking app, has secured a $14m Series A investment from Spotify and iZettle investor Creandum and fintech fund Anthemis.
While financial technology entrepreneurs have put the UK on the map of late, there is still for banking innovation to shake up dormant service offerings.
Growth capital loans are an alternative source of funding for fast-growing small and medium-sized businesses. It is capital that can help companies grow but which does not require to give up control of the company or dilute its equity.
OakNorth has appointed a new CFO as it approaches the £500m lending milestone, while it plans to unlock access to finance for many more entrepreneurs this year.
Specialist stores that provide expert advice are at risk of being driven off the high street – here, we look at what they can do to keep pace with the giants.
Many businesses aren’t prepared for death, caught out when the unforeseen departure of a director or shareholder becomes reality. The resulting problems not only impact the company but also the deceased’s loved ones and their employees, both of whom can be left with unwanted issues to contend with.
A new mobile business loans service from Barclays, which will provide instant capital to SMEs, is set to unlock a £34.25bn economic opportunity for growing companies by 2021.
Metro Bank has started the New Year with an immediate push for new customers by pledging a £1bn fund for British businesses.
According to business and energy secretary Greg Clark, who was recently appointed by new prime minister Theresa May, Britain’s entrepreneurs have received £250m worth of investment from the government’s Start Up Loans programme.
A new venture aimed at “re-shaping” the mortgage sector has brought together a team with experience including roles at Santander, Experian, Morgan Stanley and Thomas Cook.