A survey of over 1,500 firms by the Federation of Small Businesses (FSB) found that confidence was at its highest since 2014 with 51% expecting their revenues to grow over the next three months, the highest proportion since the summer of 2015. Only 24% expected sales to fall. Close to two thirds (58%) of small…

New research by Hitachi Capital Business Finance has found that small business growth forecasts have returned to pre-Covid levels – with London, the South East and Yorkshire driving resurgent small business confidence for the next three months. The research is part of the findings from the company’s quarterly Business Barometer which also revealed that the…

As businesses reopen their doors today (Monday 12th April),  research from Nucleus Commercial Finance has revealed that a quarter (25%) of SME leaders feel optimistic about reopening and a similar amount (24%) feel motivated. Nucleus says that driving this wave of optimism is the chance to reconnect with customers for a third (32%), a similar…

UK Finance’s latest Business Finance Review figures have shown that gross lending to small and medium-sized businesses across the UK totalled £63.6 billion last year, some 162%  higher than 2019. This underscores a significant rise in demand for finance as businesses responded to the pandemic. Government-backed lending schemes, alongside other loan and overdraft facilities, have…

Up to 58% of SMEs in need could be excluded from Recovery Loan Scheme according to research by Purbeck Personal Guarantee Insurance. The company warns that many SMEs could find themselves excluded from the Recovery Loan Scheme, with little option other than to access finance through personal guarantee backed loans – putting their home and…

Latest figures from the Centre for Retail Research figures have shown that almost 190,000 jobs have been lost in the retail sector since shops were forced to close under the first coronavirus lockdown in March 2020. The analysis shows that between 23rd March last year and 31st March this year, that 188,685 retail jobs have…

The coronavirus pandemic and Brexit are the biggest challenges that could cause unprecedented disruption this year for supply chain professionals, according to a study from commercial data and analytics provider, Dun & Bradstreet. The Resilient Supply Chain report surveyed over 500 supply chain professionals in the UK and found almost three-quarters (72%) of respondents expect…

A new government-backed loan scheme launches to provide additional finance to those businesses that need it. The scheme is offering loans of as much as 10 million pounds to businesses, the Treasury said. The government is providing an 80% guarantee for all loans, and interest rates have been capped at 14.99% — though they’re expected…

Bounce Back Loan Scheme (BBLS) fraud, where companies apply for multiple government-backed loans to exceed lending caps, could be far lower than anticipated and points to the success of the scheme and creditor checks, according to data from the latest Equifax Market Pulse series. Previous estimates of how much the BBLS could lose to fraud…

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