Government announces new taskforce to boost small business finance.
It is reported that the Government is launching a taskforce to enhance funding for SMEs. The initiative aims to provide an additional £1bn in lending over five years. The idea is to augment the current low borrowing rates among small firms. The taskforce will collaborate with banks and Community Development Finance Institutions to improve access…
Interest in UK investment remains strong.
The UK has maintained its position as the second most attractive destination for international investment. This is according to PwC’s latest survey. Germany and India share this ranking, each with 13% of chief executives preferring these countries. The US remains the top choice at 35%. Despite 25% of UK CEOs predicting a downturn, the UK…
Demand for Bridging finance predicted to grow in 2026
According to new data from Black & White Bridging. four out of five intermediaries say their confidence in the market is set to grow over the next 12 months, Source: Bridging & Commercial. BFS Comment: If true this would seem to indicate that there is going to be an upturn in demand for bridging finance.…
Firms to invest $650bn in bringing manufacturing back into the UK
The Times reports that UK companies are projected to invest $650bn over the next three years in re-establishing manufacturing in the UK. This is due to concerns over geopolitical risks and supply chain disruptions. This was revealed in a survey by Capgemini. Of British firms surveyed, 59% plan to enhance their manufacturing capabilities both domestically…
AI helping start-ups to improve efficiency and cut costs
The Times reports that start-ups are increasingly leveraging AI while reducing their workforce to manage costs. The objective is to achieve a significant decline in insolvencies within the small business sector. According to PwCstart-ups accounted for 46% of company insolvencies in 2024, a decrease from 60% a decade ago. A start-up specialist at PwC UK,…
Launch of a new campaign designed to support SMEs
Accountancy Today reports that the Financial Reporting Council has launched a campaign designed to help SMEs access audit services. The campaign will concentrate on how SMEs carry out their financial reporting. It will also look at how open their engagement is with interested parties. This includes other SMEs and their representatives, their capital providers, auditors…
Top FSB exec calls for more support for high street businesses.
According to the policy and advocacy chair at the FSB, small businesses are playing a crucial role in revitalising high streets and local economies. Tina McKenzie says that action is essential to ensure their survival and contribute to the future of town centres. This will include business rates, transport, and parking. One suggested innovative solution…
‘Cash is king’ – is this the new norm for consumers dealing with the cost-of-living crisis?
In this article we look at the importance of cash flow to businesses both in terms of offering a service to customers and in allowing the smoothe operation of your business. Firstly let us look at how it can affect relations with your customers, particularly if you are in the retail or hospitality sectors. Is…
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