Two years on from its launch, the Northern Powerhouse Investment Fund II (NPIF II) has supported more than 400 businesses and facilitated almost £275 million of investment in the North West. Completed across 449 deals, the Fund is playing a vital role in boosting regional growth, while crowding … [Read more...]
News for: Finance
Together prices £542 million facility
Cheadle-based lender, Together, has announced the successful pricing of its sixth public small balance commercial real estate mortgage-backed securitisation. The £542 million CRE6 facility is supported by a portfolio of first and second charge mortgages (98.6% first charge) secured against … [Read more...]
Stockport finance and professional services businesses invited to discuss smarter recruitment at upcoming networking event
The GM Finance and Professional Services Network returns on Wednesday 10th June and invites attendees to discuss smarter recruitment practices for the sector. Smarter Recruitment in Finance & Professional Services: Balancing AI and Human Judgement, delivered in partnership between Stockport … [Read more...]
Azets warns of risks of AI financial advice
Investors in the North West should be wary of taking financial advice solely from AI platforms, experts from accountancy and advisory firm, Azets, have warned. The firm, which has offices across the North West including in Stockport, has likened the practice to Googling health symptoms rather … [Read more...]
Bank of England holds interest rates at 3.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to hold interest rates once again at 3.75%. The Bank's economists voted 8 to 1 in favour of the decision, with one member supporting raising interest rates by 0.25 percentage points. Informing the decision, the MPC cited high … [Read more...]
Vernon Building Society selects FintechOS to enhance digital mortgage journeys
Stockport's Vernon Building Society has announced a partnership with FintechOS to support its investment in a unified digital mortgage platform that covers the full lending lifecycle. The platform spans the complete origination workflow - from initial enquiry and Decision in Principle through to … [Read more...]
Rising fuel prices push inflation to 3.3%
Rising fuel prices as a consequence of war in Iran pushed inflation to 3.3% in March, according to the latest Consumer Price Index published by the Office of National Statistics (ONS). According to the ONS, the average price of petrol rose by 8.6 pence per litre between February and March 2026 to … [Read more...]
Together welcomes new corporate sales director
Specialist lender Together has announced the appointment of Kristi Capaldi (pictured) as Corporate Sales Director, who will cover the Teesside and North Yorkshire area. Kristi brings a wealth of diverse experience to the role, underpinned by a strong academic foundation with a Law degree (LLB) … [Read more...]
Together announces plans for £300 million bond issuance
Cheadle-based specialist property lender, Together, has announced plans for a £300 million bond issuance. The Second Lien Secured Notes, due in 2032, will be issued through Together subsidiary, Jerrold FinCo plc, with proceeds to be used to redeem notes due in 2027. The bond issuance follows … [Read more...]
NatWest Regional Growth Tracker reveals slowdown in North West business activity
Firms in the North West recorded a slight slowdown in business activity at the end of the opening quarter, following growth in the first two months of the year, the latest NatWest Growth Tracker showed. The bank's headline North West Business Activity Index – which measures changes in the … [Read more...]
FCA sanctions Cheadle firm over misleading adverts
The Financial Conduct Authority (FCA) has banned adverts from a Cheadle-based claims management firm, Conclusive Financial Ltd, which made misleading claims. The firm, which also trades as PCP Refunds, used edited and unauthorised clips of consumer rights and finance expert, Martin Lewis, to make … [Read more...]
Vernon Building Society appoints first Chief Customer Officer
Stockport's Vernon Building Society has announced the appointment of Louise Thorpe (pictured) to the newly created role of Chief Customer Officer (CCO). The newly created position looks to strengthen the Stockport mutual's executive team as it targets sustainable growth, while ensuring member … [Read more...]
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