9th July 2024 - Credit Connect

British Business Bank launches Growth Guarantee Scheme

9th July 2024 Alternative Business Lending | #business lending

The British Business Bank has relaunched its Growth Guarantee Scheme with the approval of 41 lenders to provide loans to thousands of small businesses over the next two years. Jeremy Hunt, the former chancellor, first confirmed the scheme’s continuation in his March budget. The Growth Guarantee Scheme is designed to support access to finance for…

Consumer finance grows by 9%

9th July 2024 Consumer Lending | #consumer credit

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in April 2024 by 9% compared with the same month in 2023. In the first four months of 2024, new business in this market increased by 2% compared with the same period in 2023. The credit card and…

Asset finance new business grows by 31%

9th July 2024 Asset Finance | #asset lending

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in April 2024 by 31% compared with the same month in 2023. In the first four months of 2024, new business was 7% higher than in the same period in 2023. The…

Second charge mortgages grow by 36%

9th July 2024 Arrears and Recoveries | #second charge mortgages

New figures released by the Finance & Leasing Association (FLA) have shown that second-charge mortgage new business volumes grew by 36% in April 2024. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…

Consumer car finance volumes grew by 8% in April

9th July 2024 Consumer Lending | #car finance

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in April 2024 by 8% compared with the same month in 2023. The corresponding value of new business was 7% higher over the same period. In the first four months of 2024, new business by both…

Azzurro Group makes two industry hires

9th July 2024 Appointments | #appointments

The Azzurro Group has announced two additions to its senior team that will deliver increased strategic management and governance. Leigh Berkley has joined as an independent Non-Executive Director. Berkley is a former President and Director of the Credit Services Association (CSA) and Vice President of the Federation of European National Collection Associations (FENCA). He is…

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