17 January 2019
The investment is being match-funded by the FSE Angel network, private investors and Crowdcube as part of a £1.5m package. It will support Wildanet’s continued expansion across Cornwall and into Devon, targetting 12,000 new customers and creating an estimated 39 jobs over the next three years. Wildanet uses state of the art wireless radio technology […]
8 January 2019
The website features a simple tool which enables you to find out: • what your business will need to do to prepare for the UK leaving the EU • what’s changing in your industry • information on specific rules and regulations Other sources of information are available for businesses, including business representative organisations and trade […]
11 December 2018
The British Business Bank – the government-owned economic development bank dedicated to making finance markets work better for smaller businesses – is establishing a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network was originally announced as part of the Government’s modern Industrial Strategy in […]
4 December 2018
The Growth Finance Fund will support loans from £500,000 up to £2m to established smaller growing businesses in Northern Ireland over the next four years. Companies seeking funding – the majority of which are expected to be operating in the manufacturing, engineering or tradable services sectors – must be based in Northern Ireland and be […]
28 November 2018
The transaction, under the Bank’s ENABLE Funding programme, is designed to accelerate lending to small businesses and is expected to support the growth of more than 2,000 UK firms.[1] The new facility will provide senior financing to a transaction with the Funding Circle SME Income Fund Limited (FCIF), a publicly traded fund that lends exclusively […]
27 November 2018
The 30,000th recipient is Blackpool-based business Euro Recycling Brokers Ltd, a waste management specialist which, since being established in 2015, has experienced rapid year-on-year growth. To help them realise their growth ambitions, the business needed a new funding partner to provide both the working capital and new funding to expand their workforce. Euro Recycling secured […]
22 November 2018
This accreditation follows the provision of a £25m block discounting facility from British Business Investments, a commercial arm of the Bank, to Haydock Finance in 2016. This facility helped grow its asset finance division, providing hire-purchase, leasing and refinance for business assets to smaller businesses wanting to invest and grow. Jim McAuley, Director, Guarantee & […]
20 November 2018
The EFG programme provides lenders with a Government-backed guarantee for up to 75% of the outstanding balance of eligible facilities, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. It supports facilities of between £1,000 and £1.2m to smaller businesses that are viable but unable to obtain finance from their lender […]
16 November 2018
The Bank is establishing a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network will help enhance business finance ecosystems across the UK, so smaller businesses, wherever they are, can grow and prosper. It will also help the Bank develop a deeper understanding of […]
31 October 2018
The new role has been created to lead the Bank’s new Demand Development Unit. The new unit will build the profile of the Bank and its positioning and relationship with smaller businesses across the UK, to enable SMEs to seek the finance best suited to their needs. Woodland joins from Bupa UK where, since 2011, […]