The Chancellor has confirmed additional funding for Northern businesses in today’s Spending Review, marking a new generation for NPIF The new £660m fund is announced as NPIF approaches the £300m mark The next generation of NPIF will be focused on supporting businesses in every corner of … [Read more...]
News for: Finance
Chancellor pledges to ‘create a stronger economy’ in 2021 Autumn Budget
Chancellor Rishi Sunak has set out his plans to 'create a stronger economy' in his 2021 Autumn Budget and Spending Review, announced on 27th October. In his address to Parliament, the Chancellor set out his plans to 'build back better' and highlighted ambitions for levelling-up and reducing … [Read more...]
North-west responds to 2021 Autumn Budget
Business leaders across the North-west have had a mixed response to the Chancellor's 2021 Autumn Budget, announced on 27th October. Chancellor Rishi Sunak set out the government's latest spending plans on 27th October, announcing a raft of measures aimed at supporting the UK economy after the … [Read more...]
UK construction group secures industry’s largest sustainability linked loan
Construction group, Balfour Beatty, has announced it has agreed the conversion of a £375 million revolving credit facility to a sustainability linked loan, the largest ever for the sector in the UK. Under the terms of the loan, provided by Lloyds Bank and maturing in October 2024, the group will … [Read more...]
Vernon 2022 charity calendar goes on sale
The Vernon’s 2022 Charity Calendar – created from the winners of the building society’s annual photography competition – is now on sale in the building society’s six branches. All proceeds from the sale of this year’s ‘Celebration of Stockport’ calendar will go to St Ann’s Hospice. The worthy … [Read more...]
High street bank pledges £100 billion to finance transition to net-zero
High street bank NatWest has pledged to provide £100 billion of Climate and Sustainable Funding and Financing (CSFF) to support investment needed to transition to a net-zero economy. The pledge follows a report from the bank that sets out the economic opportunities presented by the transition to … [Read more...]
Businesses given more time to prepare for digital tax changes
HMRC has given businesses an extra year to prepare for digital tax changes, with the digitisation of Income Tax now being introduced in April 2024. The delay in implementing Making Tax Digital for Income Tax comes in response to feedback from businesses and organisations representing them in … [Read more...]
Specialist lender hires property development expert
Cheadle based specialist lender, Together, has announced the appointment of seasoned property professional, Chris Taylor, who has been tasked with driving the firm's development finance business. The real estate investor and consultant, who has over a decade of experience in senior roles at MCR … [Read more...]
North West businesses have secured £94 million in Start Up Loans
Businesses in the North West have now secured a total of £94 million in Start Up Loans from the British Business Bank, the highest of any UK region outside London. The government investment bank has surpassed a total of £600 million worth of loans given to new businesses across the UK since the … [Read more...]
Specialist finance firm sees lending return to pre-pandemic levels
Specialist finance firm, Together, has revealed that lending has returned to pre-pandemic levels as the economy rebounds after the Covid-19 crisis. The Cheadle-headquartered group also announced its full year results, posting pre-tax profits of £149.7 million. Together's overall loan book now … [Read more...]
Hallidays share latest HMRC changes in latest financial news bulletin
Stockport accountancy practice, Hallidays, have shared the latest changes by HMRC to late payment rules, and reporting rules for digital marketplaces in the firm's latest financial news bulletin for businesses. HMRC outlines changes to late payment penalty regimeHMRC has published a policy paper … [Read more...]
John Lewis to launch first investment products
Retailer John Lewis has announced plans to launch its first investment products, working in partnership with digital wealth manager, Nutmeg. The move comes following market research that indicated consumers would welcome a reputable and trusted brand in the investment space. Nutmeg and John Lewis … [Read more...]
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