Without wishing to be holier than thou, we see the wisdom of the latest government pronouncement on the use of credit offered by the British Business Bank. We have no loans of this type, and are not involved in this sub-sector, but enjoy news of the latest excursion into the sector. Meanwhile our friends at […]
Whether a summer of discontent lies ahead or not, the immediate past has been pretty rosy for the small-business sector that Money&Co. and its cohorts serve. Our friends at Crowdfundinsider report: The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data […]
When it comes to Covid-related business loans – the emergency measures rushed into place in March 2020 and later – there’s been a lot of analysis gifted with the benefit of twenty-twenty hindsight. Amid the rather hostile criticism that predominates, good news is being reported. Our friends at Altfi convey the latest: Now, new research […]
The UK’s venture capital industry has been very active in investing in the FinTech sector – more so than its US counterpart, according to research (see below). Our friends at Finextra offer a report, but we’d add just a short comment: perhaps the relative strength of VCX interest may be partially accounted for by the […]
We’re still wondering quite what’ been happening under cover of Covid-19 and its mutations. Our friends at P2P Finance News report on the latest survey from the British Business Bank: UK businesses received more than £18bn in private debt lending during 2018 and 2019, highlighting the significant role that the private debt market can play in […]
The overwhelming majority of media report indicate the existence of many problems (as yet not fully understood) regarding distribution and even fraud in the well-intentioned bounceback initiative from government. Here, apparently, is some good news from a separate, but arguably related sector. Business Desk reports: British Business Investments (BBI), a commercial subsidiary of the British […]
“Despite economic uncertainty, angel investors are continuing to invest in early-stage businesses and are optimistic about the future, the British Business Bank has found.” Is this a realistic appraisal or something akin to the jingoistic drivel (eyes, shut, fingers in ears – it’s all fine) we’re being fed on the political front? Our friends at […]
There’s an old political adage about never wasting a good crisis. The UK government’s prompt, if unfocused, action to shore up SMEs with Bounce-Back Loans has proved to be an opportunity for the unscrupulous (who’ve been making the most of the Covid-19 crisis in a nasty way). Our friends at City A.M. report comment to […]
Challenger bank OakNorth has claimed a lot of government cash. As regular readers will be aware, our concerns centre on the execution – getting the capital to the SMEs that need it. For now, we’ll comment no further. AltFi carries the tale: OakNorth has been allocated a new tranche of cash to lend to cash-strapped firms […]
Chancellor Rishi Sunak’s much-anticipated bounce-back loans scheme is open for applications as of yesterday. The SME Web has detail. Delivered exclusively by lenders accredited by the British Business Bank, the scheme, announced on April 27, specifically targets small and micro businesses in all sectors, providing loans from £2,000 up to 25 per cent of their […]