Getting a new business off the ground is an exciting time for any would-be entrepreneur. It is also a time for much thought and some careful planning before the new business starts operating. Apart from the initial idea, which is the reason to start a business in the first place, it’s essential to get the […]
Category: Business Funding
Chancellor set to make speech on regulating business rates
The BBC has learned that the chancellor will make a statement on Thursday in an effort to boost small and large businesses through regulating the business rates to stop further increases. The announcement will put a cap on increases in rates to fix them at 2% next year within England and Wales unlike having them […]
Vince Cable announces new fund for SMEs
Vince Cable, the UK Business Secretary, recently announced a funding packing worth £45m, a component of the measures that have been put in place to drive small businesses. This funding is part of the UK government campaign to spearhead the growth of small businesses. The funding, which has been committed to BMS Finance and Praesidian […]
SMEs indicate more confidence in the future
Feelings of confidence among entrepreneurs about the prospects of this quarter have seen a jump of nearly 100% this quarter compared to the last quarter. This feel good factor has led to a decrease in the perception of market risk among the owners of SME in Britain. This is the finding of a survey conducted […]
Different ways to fund a small business
Starting up your own small business is a time full of both excitement and anxiety. Unless you have a large stash of cash behind you, which few of us have these days, one of the first things you will be doing is looking into how to fund your business. This may seem at first glance […]
Overdue invoices give SME’s cash flow problems
Of the many challenges facing small businesses in these tough economic times, one of the biggest is lack of cash, and one of the main causes of this is late or non-payment of invoices due them. According to data collected by the independent invoice financier Bibby Financial Services, the size of the problem has doubled […]
UK SMEs still struggling to find funding
Small businesses in the UK are still suffering from lack of funds at least partially due to lenders’ hesitance in making affordable loans as start-up capital for entrepreneurs in private business. In spite of efforts by the government to incentivise banks and mortgage companies, a large percentage of SME owners have been refused a loan […]
Funding Lending Scheme not working as it should says Business Loans expert
A new lending scheme introduced in recent years called the Funding for Lending Scheme (FLS) that was aimed at improving the accessibility of loans to individuals and small businesses. However, in a recent survey from the Bank of England, we find that the number of individual and business loans have actually gone down in the […]
Small businesses to share £300m in loans
As part of the first phase of the government’s new business bank they plan to offer small businesses that are having trouble finding finance £300m in available cash. The finance applications are now open to all small businesses in the UK that have an annual turnover that is less than £100m. As part of the […]
UK firms welcome apprentices
Many small businesses are thrilled with the chance to provide apprenticeships to others according to new research that found that employers in the UK believe that qualified apprentices make life easier for employees that hold other types of qualifications. The study was carried out by ICM Research and found that those who finish higher apprenticeships […]