News

27 February 2020

Growth in small businesses using alternative finance continues, while gross bank lending flatlines, finds British Business Bank research

Asset finance up 32%, equity finance up 131%, marketplace business lending up 374% since 2014 Gross lending from the major banks to smaller businesses flat over last five years Signs of improvement in supply of business finance to level-up the regions, but more to do Published today, the British Business Bank’s Small Business Finance Markets […]

15 January 2020

Sheffield firm SlothMove wins mentoring session with former ‘dragon’ Piers Linney

SlothMove lets users update their address with TV Licensing, loyalty programmes and all their utility companies in one go by filling in a simple online form. Based in Sheffield, the company has been up and running for eight months, helping house-moving Britons save time and money. The founder entered the Small Business Advice Week competition […]

20 February 2018

Latest British Business Bank research reveals equity and alternative finance growing strongly, but overall demand for finance remains weak among small businesses

Equity and alternative finance demonstrate strong growth while bank lending volumes remain relatively flat UK is a world leader for start-ups and has its highest-ever population of small businesses, with a record number of start-ups UK’s scale-up performance improves, but is behind US in part due to less later stage VC funding Demand still a […]

22 February 2017

£400m Fund launches for Northern SMEs

The British Business Bank’s recent Spotlight: The Northern Powerhouse Investment Fund publication reported that the North contributes £350bn per year in GDP – close to one fifth of the UK economy. The new fund aims to build on this foundation by providing smaller businesses with increased choice of funding and producing greater levels of investment […]