Record numbers of small manufacturing firms in the East Midlands are looking to invest in their businesses to make the most of new opportunities. According to a report published by the Manufacturing Advisory Service (MAS) in the Nottingham Post, nearly 60 per cent of firms questioned are planning to spend more on machinery and plant, […]
Our landmark £1 million loan to engineering firm, Mecmesin – the force and torque-specialist engineering firm – has attracted significant coverage among national and trade media organisations. David Stevenson, a columnist for the FT, Investment Week and Money Week, writes in AltFinance News that “Money & Co. appears to be targeting businesses seeking larger loans than would typically be […]
A survey by Business Banking Insight (BBI), a new government-backed website for SMEs to compare bank performances, reveals continuing discontent with banks. The survey of 5,000 businesses found 85 per cent had not approached a bank to apply for credit during the past 12 months. Firms with less than 10 employees gave their banks an […]
Only a third of Britain’s small businesses have turned to their banks for financing in the past quarter, the lowest level on record, according to data published in The Telegraph. Despite the Government’s repeated efforts to boost bank lending for firms, the latest SME Finance Monitor found that 33 per cent of small firms reported […]
Research carried out by AXA Business Insurance confirms our own recently published research that small businesses’ credit needs are not being met by conventional financing sources, and that growth is being hampered as a result. The Yorkshire Post reports that AXA’s research into five million businesses nationwide reveals “a worrying picture of firms not being […]
A funding gap of £4.3 billion is holding back small and medium-sized businesses (SMEs) and preventing economic growth, according to new research released today by Money&Co., the cutting edge person-to-business (P2B) crowdfunding business. The findings show the severe challenges SMEs face when trying to access finance. The study, conducted by research agency Populus on behalf […]
Richard is what’s known as an early adopter. He was looking for a better return on his cash, and was drawn to crowdfunding and connecting with businesses almost as soon as he heard of the idea. “I like the whole concept of crowdfunding, and I think it will grow,” he says. “There are lots of […]
Jacob was having an “early mid-life crisis” when a drink of coconut water on an Asian beach set him on the path to founding Cocofina. For Jacob, that drink spoke of his home (Kerala in India, whence he hails, means “land of coconuts”, he says). Now, Cocofina has a diverse product range of coconut-based drinks […]
SME Finance Monitor BDRC Continental has recently published a survey that highlights the growing number of alternative funding providers. Crowdfunding is cited as a prime example of this phenomenon. The Telegraph reports that small- and medium-sized companies (SMEs) are turning to alternative providers of finance. The news organisation’s enterprise editor, Rebecca Burn-Callander says that SMEs […]