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The latest from Balance for Business

Barclays doubles Farming Loan Fund to support struggling agriculture sector

Barclays bank has announced an extension of its UK Farming Loan Fund, giving small agricultural firms access to £200m of available finance. Unveiling the additional £100m funding at The Great Yorkshire Show, the lender’s CEO, Jes Staley, said farmers would be provided with loans to invest in new technologies and to diversify into new revenue […]

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Cards overtake cash as customers go contactless for low value payments

Debit cards have overtaken retail cash transactions for the first time, according to new research, as consumers take advantage of contactless for low value payments on UK high streets. According to the British Retail Consortium’s (BRC) latest annual Payments Survey, card sales exceeded 50 per cent of all retail transactions in 2016. A combination of […]

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LinkedIn census reveals surge in UK entrepreneurship

More Britons than ever are striking out on their own to start a business, as fresh figures suggest the UK’s largest firms are most vulnerable to the lure of the entrepreneurial world. Professional social network LinkedIn analysed its 23m UK members in the 12 months from April 2016 to find growth among all kinds of […]

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Business advisors: Unleashing a startup funding revolution

Fundraising expert Barry James takes a cold, hard look at the world of business advisors and asks if they really have the tools needed to support entrepreneurs. The business advice industry, across the private and public sectors, is full of people with extensive experience of business success, of overcoming business challenges, bringing products to market, […]

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Bridging lender provides footballer with £2.2m loan

Century Capital has announced a hat-trick of deals completed in July, including a first charge loan offered to a high-profile Chelsea football player. This deal was agreed to unlock equity on a £3m prime Fulham property with the bridging lender offering a loan of £2.2m on a first charge basis with a 66% LTV. Century […]

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Taylor review looks to end cash-in-hand tax avoidance worth £4.4bn

Informal cash-in-hand work could soon be accountable to HMRC, as the government-commissioned Taylor review recommends full taxation of revenue in the so-called “hidden economy”, with a line of potential workplace benefits going the other way. As part of seven recommendations handed to government to resolve the challenges of today’s self-employment landscape, the report’s author, Royal Society […]

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Specialist bank supports family business with £9.4m funding line

Secure Trust Bank Commercial Finance has provided a £9.4m asset-based lending facility to support a North Yorkshire-based family business. The specialist bank was chosen to help fund a management buy-in at Bulk Logistics Group, which operates in the dry bulk logistics market. The funding line was used to enable the existing management team, the Ward […]

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SME fund secures £20m boost

The British Business Bank Investments Ltd has increased its commitment to an SME investment fund by £20m. The commercial arm of the British Business Bank (BBB) has backed BOOST&Co’s Industrial Lending 1 fund. The fund provides venture debt loans of between £2m-8m to innovative companies looking to scale-up with the loans available to early-stage technology start-ups. BOOST&Co’s […]

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90% of builders say most homeowners fail to ask for written contract

The Federation of Master Builders (FMB) has warned that an “alarming” number of homeowners do not ask their builders for essentials such as a contract or references. This follows research from the FMB which found that 90% of builders say that the majority of homeowners do not ask for a written contract. Brian Berry, chief […]

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Sadiq Khan launches £70m fund for London regeneration

Sadiq Khan has announced a new £70m regeneration programme to support growth and community development in London. The Good Growth Fund will be open to a range of public, private and third-sector organisations, which include London boroughs, community groups and charities which support regeneration in their local area. The mayor of London’s fund will particularly […]

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