News

MP urges ministers to back entrepreneurs

Finance, Political

George W Bush famously said that “the problem with France is that they don’t have a word for entrepreneur”. In reality, the French have plenty of words for it, but as Emmanuel Macron has grasped, simply not enough actual entrepreneurs. Instead, they’re in London – now France’s fourth biggest city...

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Funding targeted for Plymouth’s historic buildings

Finance, Funding

A number of Plymouth’s historic buildings could benefit from funding and protection under a new initiative. Plymouth City Council has applied Historic England to create a new ‘Heritage Action Zone’ covering Devonport and St Peter and the Waterfront, over five years. The project could unlock thousands of pounds to...

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Business rate warning from experts was ignored

Finance, Political

The government failed to act on warnings that controversial changes to the way business rates are calculated would hit small firms with a punitive so-called staircase tax, The Times has learnt. In correspondence seen by The Times, the government was warned of “adverse consequences” for businesses by the Royal Institution of Chartered...

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A growing demand for refurbishment bridging loans

Finance, Funding

It was interesting to read the latest industry analysis suggesting that demand in bridging finance is soaring. Encouraging figures were published just last week by the Association of Short Term Lenders (ASTL) showing that bridging lending for the 12 months to June passed the £3bn mark for the first time, up...

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Steel Fabrication Firm launches after UKSE Funding

Finance, Funding

A powder-coating and fabrications specialist has founded his own steel fabrication business in Rotherham after receiving £40,000 funding from UK Steel Enterprise (UKSE). Greg Marsland established PCF Works in May 2017 to satisfy demand for the services in the area, following the closure of a number of firms. Since...

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Factory fortunes swell with cheap pound

Finance

The cheap pound continues to raise the fortunes of Britain’s factories as export orders and prices increased once again in August, according to the latest CBI industrial trends survey. Of the 432 manufacturers surveyed, a balance of 13 per cent said total order books were better than normal and...

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ThinCats provides £2.4m loan to music academy

Finance, Funding

The Academy of Contemporary Music (ACM) has secured a funding package worth £2.4m from alternative lender ThinCats. The owner of the ACM will be using the funds to expand the business further following a surge in student numbers. Discussions are already underway to secure a third site to help...

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