All the updated news related to british businesses

All the news related to british businesses updated in real time

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Government pays out £62m to cover fraudulent loans, officials reveal

Banks have found that £850 million was borrowed by fraudsters from a Government-backed loan scheme that was launched during the pandemic. The British Business Bank said that while estimates of fraud range into the billions, the lenders administering ...

27 Apr 2022 at 17:55

Home

NWRC’S IDEATOR Awards set to reward entrepreneurial thinking

North West Regional College (NWRC) has launched a brand new competition with a prize pot of £4000, to inspire and reward entrepreneurial thinking and endeavours. The NWRC IDEATOR Awards are open to students in the college, recent NWRC alumni and ...

17 Nov 2022 at 14:33

Small business defaults a ‘danger’ to future returns, British Business Bank says

The state-owned British Business Bank has warned that its returns for the year ahead could take a hit if businesses default on loans amid the deteriorating economy. The bank, which helps small businesses access finance and administered the ...

28 Sept 2022 at 16:16

City

Government-backed loan scheme says it ‘takes risks’ to have social impact

A Government-backed loans scheme has said it is willing to risk losses if it means more start-ups can access funding, as it revealed it has helped 100,000 small businesses with nearly £1 billion in lending. The Start Up Loans programme ...

02 Feb 2023 at 00:01

City

Government-backed bank lends millions to people without jobs, data shows

A UK Government-backed business bank has lent about £60 million to thousands of people who have been unemployed or out of work over the past decade, new data shows. People who have faced redundancy, retirees and students are among ...

06 Nov 2024 at 00:01

Reeves pledges end of instability as she announces new National Wealth Fund

British economic instability has ended and the new Government is bringing investment and jobs back to Britain, the Chancellor has said. In a speech closing Monday’s International Investment Summit, Rachel Reeves told the world’s ...

14 Oct 2024 at 16:30

Reeves warns of ‘difficult decisions’ on tax ahead of Budget

Rachel Reeves warned her Budget on October 30 would be “tough” as she gave the clearest signal yet that businesses will face a hike in national insurance. The Chancellor stressed that Labour manifesto’s commitment not to ...

14 Oct 2024 at 21:46

City

Challenger bank lending to SMEs hits record high

Challenger and specialist banks lent more money to small businesses in 2022 than since records began, exceeding lending by the UK’s biggest five banks, research has revealed. The record year saw some £35.5 billion lent ...

01 Mar 2023 at 00:01

City

British Business Bank says ‘social benefit’ is high as it swings to yearly loss

The Government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147 million last year. ...

25 Sept 2023 at 08:14

Government must do everything in its power to reduce Covid loan fraud hit – MPs

The head of an influential group of MPs has said that the Government left the goal open to fraudsters when it designed the multibillion-pound support for businesses during the pandemic. Dame Meg Hillier, who chairs ...

18 May 2022 at 01:25

City

Government-funded loan scheme hits £1bn lending as 40% goes to female founders

A Government-backed loans scheme has hit £1 billion worth of lending, with more than half the funding going to small businesses run by women and ethnic minorities. The British Business Bank’s (BBB) Start Up Loans ...

13 Sept 2023 at 00:01

Personal Finance

Reeves hails pension funds’ vow to invest billions in UK infrastructure schemes

A commitment by pension funds to invest tens of billions in British infrastructure projects and businesses has been welcomed by Rachel Reeves. The Chancellor said the agreement will help start-up firms access ...

13 May 2025 at 14:28

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