Vernon Building Society is launching a new Junior Regular Saver account designed to help children across Greater Manchester and Cheshire develop positive saving habits and build confidence with money from an early age. As a mutual, Vernon Building Society’s purpose is rooted in supporting the … [Read more...]
News for: Finance
Iran war pushing up borrowing costs for North West SMEs, believes Azets specialist
The ongoing war in Iran is pushing up the cost of borrowing for North West SMEs, and may be the final nail in the coffin for some businesses, says a sector specialist from accountancy firm, Azets. Mark Barrie, Head of Debt Advisory at Azets, believes the conflict – which began in February and … [Read more...]
Together upsizes securitisation facility to £1.2 billion
Cheadle-based specialist property lender, Together, has announced a further upsizing of its revolving Lakeside securitisation programme (LABS) to £1.2 billion. The £200 million increase in the securitisation facility is backed by existing lenders BNP Paribas, Lloyds Bank and NatWest. The LABS … [Read more...]
British Business Bank to boost support for investors in UK start-ups
The British Business Bank will support investors in UK start-ups through a next £100 million phase of its Investor Pathways Capital Initiative. The initiative, which will invest £400 million in total, helps fund managers provide the catalytic early capital that innovative, early-stage businesses … [Read more...]
Chancellor confirms date of Budget
Chancellor of the Exchequer, John Healey, has confirmed that his first Budget will take place on Wednesday 28th October. Announcing the Budget date in a short video, Healey promised to move money "out of Westminster, and into every postcode around Britain" while remaining grounded in the fiscal … [Read more...]
Management buy-in drives growth for Stockport homeware retailer
DBL Capital, backed by a six-figure investment from NPIF II – FW Capital Debt Finance, has completed a management buy-in of Stockport based online homeware retailer Home Space Direct. In addition to backing from the Northern Powerhouse Investment Fund II (NPIF II), the transaction was also … [Read more...]
British Business Bank supports £9.4 billion of finance for smaller business
The British Business Bank has supported £9.4 billion of finance for small businesses in the 2025/26 financial year - £1.3 billion was public funding, £4.3 billion was private capital crowded in by the Bank, and £3.7 billion came through lending the Bank guaranteed. The Bank's annual Impact … [Read more...]
Together completes £562.9 million securitisation
Cheadle-based specialist property lender, Together, has announced the successful pricing its £562.9 million 1st charge only residential mortgage backed securitisation. Pricing of the Together Asset Backed Securitisation 16 2026 (TABS16) is the second such deal completed by the lender so far in … [Read more...]
Scheme to improve access to finance for SMEs set for expansion
The British Business Bank's Growth Guarantee Scheme is set to be scaled up to facilitate SMEs to borrow £3.35 billion per year by 2028/29 as part of plans to improve access to finance for small businesses. The gap between the SME demand for finance and the amount available is estimated to be … [Read more...]
Vernon Building Society shortlisted for 2026 GMCC Excellence Awards
Stockport-based mutual, Vernon Building Society, has been shortlisted for Medium Business of the Year at the Greater Manchester Chamber of Commerce (GMCC) Excellence Awards 2026. The shortlisting follows steady and sustainable growth for the Vernon through 2025, while maintaining personal … [Read more...]
Grant scheme opens for community projects that repair and reuse household items
Applications have opened for community projects in Stockport and Greater Manchester to access grants of up to £20,000 for work that help stop useful items being thrown away by fixing, mending, sharing or donating them. Grants come the Renew Community Fund, part of the UK’s largest reuse … [Read more...]
Investors backing women entrepreneurs outperform wider market
For the sixth consecutive year, signatories of the Investing in Women Code have directed a greater proportion of funding to businesses founded by women entrepreneurs than the wider market. The Code's annual report also found that its signatories are continuing to outperform the wider market, … [Read more...]