Financing business

Funding boost for innovative small businesses

A fund to support investment in small and innovative businesses will receive a £25 million boost from the Government, the Business Secretary Vince Cable has announced.

Payday lenders face tougher rules

There will be 'tougher requirements' for payday lenders and 'stronger protection' for consumers when the Financial Conduct Authority takes over regulation of the consumer credit industry in April 2014.

Government pledges extra financial support for entrepreneurs

UK entrepreneurs are to benefit from an additional £69 million of Government funding to help start-up and grow small businesses, Prime Minister David Cameron has announced.

Tips for businesses to secure bank loans

New guidance for businesses on securing bank finance has been released by two leading membership organisations from the business and banking sectors.

Lending under Government scheme increased in Q2

Net lending to businesses and households under a flagship Government scheme increased by £1.6 billion in the second quarter of 2013, latest figures from the Bank of England have shown.

More than half of SMEs expecting growth

Small business confidence is at an all-time high, with more than half (51 per cent) of SMEs looking to grow their business in the next 12 months, according to findings from the BDRC Continental Finance Monitor for SME lending.

Business finance scheme picks up lending

Lending through the Government's Enterprise Finance Guarantee (EFG) scheme to small businesses picked up to £84 million the second quarter of 2013 following a period of decline.

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.

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