Financing business

Business bank to lend £3.9 billion to SMEs

The new state-backed business bank will offer £3.9 billion of capital to boost lending to small and medium sized businesses, business secretary Vince Cable has unveiled.

Small businesses unconvinced by Local Government Finance Act

Small businesses remain sceptical about the Government's drive to hand local authorities more control over how they spend public money in their area, according to research from the Forum of Private Business.

Non-EU exports growing fastest in east of England

The east of England is the UK's fastest growing exporter to countries outside the European Union. The total value of exports from the region reached £6.7 billion during the final three months of 2012.

Urgent growth measures needed in Budget, says BCC

The need for growth measures in next month's Budget has become even more pressing since the downgrading of the UK's AAA credit rating by ratings agency Moody's, according to the director-general of the British Chambers of Commerce (BCC).

Business bank needed to realise growth potential, says BCC

The Government should press ahead with the implementation of its business bank to support firms with the potential for growth, according to a leading business network.

Government lending scheme boosts economy and creates jobs

More than 10,000 small and medium-sized businesses have accessed £1.04 billion worth of loans through the Enterprise Finance Guarantee scheme, according to research by Durham Business School.

New loan fund open for business in Northern Ireland

A new £5 million loan fund aimed at individuals, SMEs and micro-sized businesses in Northern Ireland has been announced by the country's enterprise minister Arlene Foster.

Banking reform plans announced by Chancellor

UK banks will be forced to separate everyday high-street and retail banking operations from their investment arms under the Banking Reform Bill, announced by the Chancellor George Osborne.

Banks mis-sold 90 per cent of products to small businesses, says FSA

The Financial Services Authority (FSA) has confirmed that four major UK banks will start a full review into the mis-selling of products to small businesses, after it found that nine out of 10 sales did not meet regulatory requirements.

Funding for lending scheme fails to boost lending to businesses

Lending to small and medium sized enterprises (SMEs) by banks and building societies contracted in the three months to November 2012, despite Government efforts to boost business lending.

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