Stockport-based real estate lending platform, CapitalStackers, has provided £150 million in funding for property development after raising £540,000 for a nine-home scheme in North Yorkshire. CapitalStackers provides funding for commercial and residential property building projects to borrowers … [Read more...]
News for: Finance
HMRC updates late payment interest rates after Bank of England base rate rise
HMRC has updated its late payment interest rates following the Bank of England's decision to raise its base rate to 1.75%. As HMRC late payment rates are linked to the Bank of England base rate, its interest rates will also increase to 0.75%. The repayment rate, set in legislation, is set at Bank … [Read more...]
Recovery Loan Scheme and growth forecasts are Hallidays’ top financial headlines in August
The relaunched Recovery Loan Scheme and IMF growth forecasts are the top financial headlines in August as Stockport accountancy firm, Hallidays, share their run down of the key stories for business this month. Recovery Loan Scheme to be relaunchedThe Recovery Loan Scheme (RLS) will be relaunched … [Read more...]
Together announces appointment of new Head of Clubs and Networks
Specialist lender Together has today announced the new appointment of Nick Parker as Head of Clubs and Networks. Nick will be responsible for the strategic development of the channel, focusing on the Cheadle-headquartered lender's strong relationships with its networks and clubs, and building a … [Read more...]
Sixth consecutive rise brings interest rate to 1.75%
The Bank of England's Monetary Policy Committee has agreed to increase the base interest rate to 1.75%, the sixth consecutive rise. Economists at the Bank of England voted 8-1 in favour of the 0.5 percentage point increase, putting rates at their highest since January 2009 at the beginning of the … [Read more...]
New funding announced to boost overseas recognition of professional qualifications
The UK government has announced it will offer grants up to £75,000 to help regulators and business organisations have professional qualifications recognised overseas. The move aims to help boost exports within the service industries and make it easier for accountants, lawyers, architects and … [Read more...]
Details released of latest Recovery Loan Scheme
Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]
HSBC and Taylor Wimpey become latest to offer Cost of Living payments to workforce
High-street bank HSBC, and housebuilder Taylor Wimpey have joined the growing number of UK businesses supporting their lower-paid workers with one-off Cost of Living Payments. In announcing their latest half-year results, Taylor Wimpey has revealed the business will make a cost of living payment … [Read more...]
Voting opens for Vernon’s Community Stars
Voting has opened to vote for not-for-profit groups in Stockport to benefit from Vernon Building Society's Community Stars scheme. Supporters and members of the public can choose from 37 local not-for-profit organisations and charities this quarter. The groups with the most votes will share the … [Read more...]
New type of pension scheme launches
A new type of pension scheme has launched, with applications now open from 1st August in Great Britain. Collective Defined Contribution (CDC) pension schemes aim to offer improved retirement returns for savers, with more predictable costs for employers as an alternative to the two existing models … [Read more...]
Recovery Loan Scheme offers over £4.5bn of lending to smaller businesses
Through its Recovery Loan Scheme, The British Business Bank's accredited lenders have offered over £4.5bn to smaller UK businesses as they steer a path towards a sustainable recovery. Across the North West, over £450m of lending has been offered to smaller businesses through more than 2,100 … [Read more...]
Together announces senior business development hires
Cheadle-based specialist lender, Together, has announced a series of new senior appointments in its regional business development teams across the UK. Danielle Potter, Pall Thorarinsson and Jamie Grimshaw will join the company as Business Development Directors, bolstering the group’s regional … [Read more...]
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