SMEs worried about access to finance as late payments rise, study shows June 16, 2021 SME bosses are concerned that access to finance will become harder over the next three years as they grapple with the late payment of invoices, according to new research. A study by MBH Corporation found that 40 per cent of SMEs believe applying for funding will become more difficult, while just 10 per cent expect [...]
Dead centre of town: City looks to bring new life to cemetery cafe June 14, 2021 Fancy a thriller of a business opportunity? The City of London Cemetery and Crematorium is looking for a new proprietor to refurbish and operate its on-site café for visitors and mourners. With the current five-year lease coming to an end, the City of London Cooperation is accepting new proposals for the Gatehouse Cafe at the [...]
4 in 10 small businesses will struggle to pay Covid loan repayments, research shows June 7, 2021 Nearly 40 per cent of small businesses could be at risk of closure when repayments of the government’s Bounce Back Loan Scheme start this month. Of the businesses surveyed by Mazuma Accountants, 39 per cent said they will struggle to meet payments, while more than a quarter are downbeat about how their firm will fare [...]
eBay moves into finance to help SMEs navigate Covid cashflow crisis May 12, 2021 eBay UK has today announced a new finance programme to help small businesses rebuild as startups across the country face a Covid-driven cashflow crunch. Capital for eBay Business Sellers (CEBS) will offer financing products to support the 300,000 SMEs that sell through the platform to 29m active monthly buyers. The launch follows new research released [...]
Venture capital trusts fundraised £685m last year in bid to support small businesses April 8, 2021 Venture capital trusts (VCTs) managed to bolster fundraising by 11 per cent last year, raising £685m in funds for small businesses. The fundraising, only six per cent below pre-pandemic levels, is set to give some companies some breathing room after a fiscally tough year. “It’s really positive that during the pandemic 11 per cent more [...]
HSBC launches £15bn lending fund for British SMEs March 10, 2021 HSBC has today launched a new £15bn fund to help UK SMEs through the economic recovery. The fund, which includes over £10bn of regionally focussed allocations, seeks to move away from the “traditional” London focus and drive growth in regions across the country. “The past 12 months have highlighted the challenges many small businesses face. [...]
Google launches $2m fund to help bridge funding gap for Black tech founders March 2, 2021 Google For Start Ups launches fund to tackle lack of black talent in tech
UK small businesses donated £6bn in cash and gifts during the Covid pandemic March 2, 2021 UK small businesses donated £18bn during the Covid pandemic
Speedy vaccinations give more UK SMEs hope of a revenue rebound in 2021 February 19, 2021 Small and medium sized enterprises (SMEs) across the UK have been offered a glimpse of hope this morning, as nearly a quarter have surpassed their pre-pandemic levels of output.
Proposals to help self-employed and directors backed by cross-party MPs February 16, 2021 The Federation of Small Businesses (FSB) chairman has said the government needs to act to help the businesses that fell through the gaps in business support requirements. In response to the Treasury Committee’s Economic Impact of Coronavirus inquiry update this morning, FSB chairman Mike Cherry said: “The government urgently needs to come forward with a [...]