Iwoca closes bumper debt facility as sale speculation mounts Fintech Small business lender Iwoca has inked a new £250m debt facility that will help it ramp up its lending power just days after it emerged it had instructed bankers to launch a sale process valuing it at north of £1bn. The fintech closed the credit line from a household name bank and private credit giant [...]
British Business Bank cuts jobs in automation push Banking The British Business Bank slashed its headcount in the last year as the government-owned economic development bank underwent a major restructuring. The bank – which backs loans from financial institutions in a bid to drive up UK small business lending – said in its annual report “a number of colleagues were placed at risk under [...]
Late payments costing UK economy £11bn as SMEs struggle to invest Business Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid, amid growing concerns over blocked cashflow across the economy. Research from Sage shared with City AM found that 49 per cent of SME invoices are paid late, with businesses waiting an [...]
Top banks urge Rachel Reeves to expand small business lending scheme May 29, 2026 Top UK banks are lobbying Rachel Reeves to beef up the government’s small business lending scheme in a bid to unlock more capital to be lent to firms. A letter penned by UK Finance – the banking industry body that represents the likes of Barclays, Lloyds and Natwest – has called for the Chancellor to [...]
Antler bets on the UK’s next generation of founders with its London-based residency April 21, 2026 Antler’s latest London residency opened this week with 80 founders in a single room, selected from roughly 10,000 applicants, each receiving a £500,000 commitment to build a company from scratch over eight weeks. Fewer than one in a hundred applicants make it through the selection process, which the early-stage investor weights heavily towards individual character, [...]
Allica Bank goes ‘turbo’ on AI as profit and loan book swells April 15, 2026 Small business lender Allica Bank has revealed a major bump to its bottom line after the bank’s loan book ballooned over the last year. The neobank – which became one of the UK’s latest fintech unicorns this year – recorded a 23 per cent rise in pre-tax profit at £36.9m, compared to £29.9 million in [...]
Businesses brace for costs as new workers’ rights kick in April 7, 2026 Businesses across Britain are bracing for a sharp hike in costs and hiring struggles as the government’s new workers’ rights laws begin to take effect this week. The British Retail Consortium (BRC), a leading trade body, said the Employment Rights Act risks adding to an onslaught of rising cost pressures facing firms, including wage hikes [...]
UK’s Disruptors, Innovators and Growth Hackers collide as SCALE Tables announced for April Summit April 2, 2026 New roundtable format brings curated, peer-level conversations to SCALE SUMMIT, inviting founders, investors and business leaders to “constructively disagree” to drive growth. SCALE SUMMIT, the UK’s leading event for ambitious, fast-growing businesses, has announced details of SCALE Tables – a roundtable experience running across both days of the Summit, designed to cut through the noise [...]
Sluggish economy spooks small housebuilders March 20, 2026 Small and medium (SME) housebuilders are being put off from investing in new projects by the UK’s economy and housing market, according to a new report. As many as 70 per cent of SME building firms said current market conditions are reducing their appetite for starting new sites and a quarter expect to cut back [...]
Oaknorth delays net zero goal as US expansion fuels lending boom March 17, 2026 UK fintech Oaknorth has slapped a ten year delay on its ambition to be a net zero bank as the firm’s expansion across the Atlantic picked up pace. The small business lender said it expects to meet net zero commitments by 2045, as opposed to previous guidance of 2035 set four years ago. Oaknorth said [...]