Many small businesses across the UK are expressing concern that the weak pound is hurting their business profits as concerns over the economy in the UK will likely cause the Bank of England to print once again this year. However, the news has already caused the sterling price to drop dramatically. Over half of all […]
Category: Business Funding
Vince Cable has launched a new £70m SME lending scheme
The announcement was made at the Federation of Small Businesses’ (FSB) during Vince Cable’s keynote address held in the Leicester City Curve theatre. Three new lenders: Beechbrook Capital, Market Invoice, and Urica will share over £30m out of the Government funding that will help small firms find other ways to get financing outside of traditional […]
SME’s seem to come off well in the budget
Almost 450,000 of small businesses will see their national insurance requirements disappear as a large tax cut appears in the budget next year, according to the chancellor. George Osborne planned these cuts to help small companies out, but these measures faced a lot of critics, even though they were meant to help cash-strapped professionals. One […]
17% of SME owners have turned to payday loans
New findings show that about 17% of small business owners have at some time in the past used payday loans to finance their companies. Amigo Loans, a loan guarantor company, revealed that an average micro enterprise needs £2,143 to successfully set up, but a huge number of them struggle a lot to find finances with […]
SME owner receives letter from Mervyn Kind regarding loan disapproval
After being refused a bank loan worth £10,000, an entrepreneur who runs a business with an annual turnover of £640,000 received a response to the letter he wrote to Sir Mervyn King, the governor of the Bank of England. Mike Benson is the owner of Airwave International, a company specialiaing in the export of air […]
Forget the Dragons, pitch your ideas to Michon instead
There is no longer any need to brave the Dragons Den with your new business ideas, as small businesses are now getting the chance to pitch for a prize that is a package of nearly £15,000 worth of design and marketing advice. To celebrate their 30th anniversary, bosses at Michon, the creative design agency based […]
Two new Dragons set to be in the den
BBC revealed that Piers Linney, an entrepreneur in the field of technology, is anticipated to be the 5th judge in the hit series Dragon’s Den. Linney is one of the joint CEOs of Outsourcery, a company which specialises in the provision of cloud computing services, and will be Theo Paphitis’ replacement in the show, after […]
SME owners still being stumped by expenses and taxes
Only one out of every four small business owners actually claim the expenses that they spend out of their own personal funds in order to support their business, according to new research commissioned by FreeAgent and carried out by YouGov. Out of a poll of about 500 SME owners only about a quarter of respondents […]
OFT tell banks they are failing SMEs
According to the OFT (Office of Fair Trading) big banks are not doing enough to help out small business. John Fingleton just attempted to set up a bank account that his own small business could use and stated that his experiences showed him that banks need to be shaken up a bit if they are […]
MP and SME leaders meet to discuss ongoing concerns
When the Amersham and Chesham MP met with local SME business leaders, the hot button issues were business rates, youth unemployment, and high speed broadband. Cherl Gillian talked over many of the local concerns with representatives from the FSB (Federation of Small Businesses) at her office last week. In attendance was the FSB development manager […]