Government to fully fund apprenticeships for small firms, Rishi Sunak to announce UK Politics The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places, Rishi Sunak will announce.
Lending to small and mid-sized firms drops for third straight year as banks pull back Banking Lending to small and medium-sized enterprises (SMEs) dropped for a third straight year in 2023, according to new data, as businesses ditch big banks for specialist lenders.
Spring Budget 2024: Hunt to extend Covid recovery loans by two years UK Politics The government will reportedly extend a Covid recovery loan programme by two years in a boon to Britain’s small businesses.
Spring Budget 2024: What are business groups lobbying for? February 29, 2024 Firms up and down the UK are waiting in anticipation for Jeremy Hunt and the Treasury to reveal the contents of next week’s Spring Budget.
‘High Court or the high road’: MPs say future of banking dispute resolution is ‘uncertain’ for SMEs January 23, 2024 MPs have flagged potential "gaps" left behind for the Financial Ombudsman Service (FOS) to fill when the British Business Resolution Service (BBRS) compensation scheme closes.
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City A.M. that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
Sadiq Khan: London mayor criticised for failing to pay small businesses on time December 22, 2023 Sadiq Khan has been criticised for failing to hit a City Hall target to pay 90 per cent of small businesses’ invoices on time.
Sadiq Khan appoints ex-Canary Wharf director as deputy mayor for business December 18, 2023 Former Canary Wharf Group director Howard Dawber has joined City Hall as deputy mayor for business.
Lending to SMEs drops for fifth straight quarter as MPs probe access to funding December 13, 2023 Lending to small and medium-sized businesses (SMEs) has fallen by 20 per cent in its fifth consecutive quarterly drop, according to new figures from the banking trade body, as major lenders face scrutiny from MPs.
No proof of ‘value for money’ for billions spent on public procurement December 13, 2023 The government cannot demonstrate “value for money” for billions of taxpayer-funded public procurement, a group of MPs have warned.