Open banking was initially focused primarily on individual consumers. Now, as the still-young sector begins to mature, some operators are moving towards the small-business market. As lending platforms, we are doing our best to cater for the gaps left by mainstream banks – but there is still unmet demand. Our friends at AltFi take up […]
Recruiter reports that the ‘Brexit effect’ is kicking in, according to the Enterprise Investment Scheme Association (EISA), the trade body for the Enterprise Investment Scheme. The effect is not good… Data from the Office of National Statistics (ONS) shows that, in volume terms, business investment was estimated to have fallen by 0.4% to £49.2bn between […]
More than a third (42 per cent) of small- and medium-sized enterprises (SMEs) are now using external finance, according to new research reported by our friends at P2P Finance News. A survey of 4,500 small businesses by consultancy firm BVA BDRC also found that a further four per cent are currently searching for finance. With […]
Smaller companies are looking more to alternative-finance sources for funding, according to research reported by our friends at P2P Finance News. This is the latest in a series of apparently contradictory (and possibly just attention-seeking) reports on the topic. As we have reported here earlier: “The signals on funding for small and medium-sized enterprises (SMEs) […]
In, out, in, out, etc. The topic of SME financing – how easy it is to find from non-banking sources, rates of uptake and the like – is the subject of regular surveys producing more or less contradictory assessments. Here’s an earlier piece we published here in News pointing out the flip-flop nature of the […]
The signals on funding for small and medium-sized enterprises (SMEs) are mixed. Every few weeks research is released that purports to show SMEs are waking up to the funding available outside the traditional banking mainstream. Then along comes data that seems to demonstrate the opposite. Below is an upbeat report published here just over a […]
The peer-to-peer (P2P) lending sector is looking to expand its share of SME funding, according to PWC research. Money&Co. is a P2P lending platform that brings together individuals looking for a good return on capital together with carefully vetted small businesses seeking funds for growth. Our registered lenders have achieved average gross returns of more […]
UK Tech reports on alternative fund sourcing for SMEs. The article focuses on venture capitalists, who are “alive and well”. We couldn’t agree more. But VCs, as the piece points out, are looking to treble their money within three to five years. Money&Co., on the other hand, brings individuals looking for a good return on […]
Ernst & Young has just published its 2018 survey of young UK companies – over 59 per cent being under five years old. E&Y says that the companies surveyed “have significant ambition”. But funding remains a problem The Fast Growth Tracker report says that 51 per cent of entrepreneurs say their biggest blocker to expansion […]
It would be shocking if it weren’t such a common tale. More than half (55 per cent) of small- and medium-sized enterprises (SMEs) in the UK are unable to access the funding they need to grow, according to a survey reported in P2P Finance News. The main hindering factor is a lack of education or […]