Financing business

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.

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.

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