A support scheme to help small businesses access finance to aid their recovery following the Covid pandemic has been extended for a further two years, Business Secretary Kwasi Kwarteng has announced. The Recovery Loan Scheme originally launched in April 2021 to help businesses recovering from the … [Read more...]
News for: Business
NPIF celebrates five years of investing in the region’s SMEs
The Northern Powerhouse Investment Fund (NPIF) has celebrated that it has invested in over 1,000 SMEs across the North of England since it was launched five years ago. The £500 million fund was launched 2017 by the British Business Bank using funding from the European Regional Development Fund … [Read more...]
Trade union calls for legal maximum temperature for work
With Britain's hottest ever day expected on Tuesday 19th July, trade union GMB has called for workers to be protected with a maximum legal temperature for indoor workplaces. While government guidance exists to protect workers for low temperatures indoors, there exists no similar advice for high … [Read more...]
North-west SMEs bounce back after pandemic
Analysis by business advisory firm, Quantuma, has revealed the extent to which SMEs in the North-west have bounced back after the Covid-19 pandemic. In Q4 of 2021, the number of severely distressed SMEs in the North-west decreased, in contrast to much of the rest of the UK. Despite this, and … [Read more...]
Strong six months for North-west private equity deals
The North-west region has recorded a strong six months for private equity deals, according to provisional half-yearly data from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School and supported by Equistone Partners Europe. Private equity investors … [Read more...]
Lloyds Bank Business Barometer finds business confidence highest in the North-west
The North-west has recorded the highest business confidence of any UK region in Lloyds Bank's latest Business Barometer survey, although optimism in the economy fell nationwide on the previous month. Business confidence is now at its lowest level nationally since March 2021 at the end of the … [Read more...]
Stockport Trading Standards successfully prosecute rogue builder
Stockport Trading Standards have successfully prosecuted a rogue builder from Derbyshire after uncovering they took advantage of a vulnerable Stockport resident to the tune of more than £12,000. Platinum Home Improvements Ltd of Alvaston, Derby, Director Patrick Doherty and employee James Doherty … [Read more...]
£7.4 billion provided in 2021/22 to support UK businesses to export
Businesses across the UK were supported with £7.4 billion from government to help grow export sales in the 2021/22 financial year. Funds distributed by UK Export Finance (UKEF) were at the highest level in 14 years, according to annual results published by the government lender. 83% of businesses … [Read more...]
Greater Manchester survey finds business confidence remains stable despite economic uncertainty
A survey of businesses across Greater Manchester has found that despite feeling the effects of increased uncertainty in the economy, business confidence and hiring intentions remain stable. The results of the Greater Manchester Chamber of Commerce (GMCC) Quarterly Economic Survey (QES) showed … [Read more...]
Greater Manchester hospitality businesses encouraged to access fully-funded support
Hospitality businesses are being encouraged to access fully-funded support to help them recruit and grow following the Covid-19 pandemic. The city-region's Night Time Economy Adviser, Sacha Lord, has given his backing to Greater Manchester's Skills for Growth – SME Support service. Delivered by … [Read more...]
Inflation rises further to 9.1%
Latest inflation data has seen the Consumer Price Index (CPI) hit a new high of 9.1% in May, a further 0.1 percentage point increase on April's record figure, the Office of National Statistics (ONS) has revealed. The latest data shows continued pressure on consumer spending, driven by increased … [Read more...]
North-west SMEs attracted £872 million in equity investment in 2021
SMEs in the North-west secured £872 million in equity investment, triple the previous year's figure, in 2021 according to the latest data released by the British Business Bank. Across the whole of the UK, smaller businesses attracted over £18 billion in equity investment, an increase of 88% on … [Read more...]
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