Financing business

Lending under Government scheme increased in Q2

Net lending to businesses and households under a flagship Government scheme increased by £1.6 billion in the second quarter of 2013, latest figures from the Bank of England have shown.

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More than half of SMEs expecting growth

Small business confidence is at an all-time high, with more than half (51 per cent) of SMEs looking to grow their business in the next 12 months, according to findings from the BDRC Continental Finance Monitor for SME lending.

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Business finance scheme picks up lending

Lending through the Government's Enterprise Finance Guarantee (EFG) scheme to small businesses picked up to £84 million the second quarter of 2013 following a period of decline.

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Start-up loans extended to Northern Ireland

Young entrepreneurs in Northern Ireland are to benefit from an extension to the start-up loans scheme which will roll out across the country this summer, business secretary Vince Cable has announced.

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Bank lending falls by £300m in Q1

Net lending by banks under the Government's Funding for Lending Scheme fell by £0.3 billion in the first quarter of the year, data from the Bank of England shows

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SME demand for external finance falls

The proportion of SMEs using some form of external finance - such as a bank loan or overdraft facility - fell to 39 per cent in the first quarter of 2013.

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Pilot credit scheme helps construction trade

A pilot scheme involving Europe's largest home improvement retailer has helped 200 small businesses and sole traders in the construction industry to access more than £500 million worth of credit.

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Remove age cap on start-up loans, says adviser

A report by the Prime Minister's adviser on enterprise, Lord Young, has recommended removing the age cap on the Government's loan scheme for start-ups.

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Resist pressure to add to QE, warns BCC

The chief economist at the British Chambers of Commerce has urged the Bank of England's Monetary Policy Committee to resist pressures to add to its quantitative easing programme.

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Employee share buy-back rules relaxed

Simplified rules for businesses to buy back employee-owned shares in the company have come into force. The changes are aimed at encouraging greater take-up of direct employee ownership and reducing the regulatory burden on businesses.

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