Financing business

Start-up loans extended to Northern Ireland

Young entrepreneurs in Northern Ireland are to benefit from an extension to the start-up loans scheme which will roll out across the country this summer, business secretary Vince Cable has announced.

Bank lending falls by £300m in Q1

Net lending by banks under the Government's Funding for Lending Scheme fell by £0.3 billion in the first quarter of the year, data from the Bank of England shows

SME demand for external finance falls

The proportion of SMEs using some form of external finance - such as a bank loan or overdraft facility - fell to 39 per cent in the first quarter of 2013.

Pilot credit scheme helps construction trade

A pilot scheme involving Europe's largest home improvement retailer has helped 200 small businesses and sole traders in the construction industry to access more than £500 million worth of credit.

Remove age cap on start-up loans, says adviser

A report by the Prime Minister's adviser on enterprise, Lord Young, has recommended removing the age cap on the Government's loan scheme for start-ups.

Resist pressure to add to QE, warns BCC

The chief economist at the British Chambers of Commerce has urged the Bank of England's Monetary Policy Committee to resist pressures to add to its quantitative easing programme.

Employee share buy-back rules relaxed

Simplified rules for businesses to buy back employee-owned shares in the company have come into force. The changes are aimed at encouraging greater take-up of direct employee ownership and reducing the regulatory burden on businesses.

Call for Northern Ireland infrastructure investment

Urban regeneration initiatives must form a 'key plank' of the Northern Ireland Executive's economic policy, according to the chairman of the CBI in Northern Ireland.

Funding for Lending Scheme extended for SMEs

The Funding for Lending Scheme (FLS), designed to boost lending to businesses and households, is to be extended until January 2015, the Bank of England has announced.

Business bank opens for business

The Government-backed business bank has launched its first phase of funding, worth £300 million, to help small and medium sized enterprises (SMEs) access finance.

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