Skip to Navigation

FREE Monthly Business Update

Our People


Funding for Lending Scheme extended

The Bank of England and HM Treasury has announced a two-year extension to the Funding for Lending Scheme (FLS).

The FLS scheme provides further funds to support improvements in credit conditions for SMEs.

Credit conditions for SMEs have been improving with SME lending volumes increasing by £2.1 billion in 2015. Net lending by FLS participants was positive in the first two...

Read more

First-time buyers set to open Help to Buy ISAs

Help to Buy ISAs are set to launch from the 1 December, aiming to help first-time buyers save a deposit for a home.

Under the government scheme, individuals over the age of 16 can save up to £200 into an account per month. Buyers can also deposit a lump sum of up to £1,000 when they set up their account.

A 25% bonus will be added to the closing balance of an account up to a...

Read more

Business closures at lowest rate since 2008

The number of business starting operations increased by 1.2% from 346,000 to 351,000 between 2013 and 2014.

Latest figures from the Office for National Statistics show that the growth rate for new businesses decreased from 14.1% to 13.7% in 2013/14.

The number of businesses that ceased trading also declined with closures decreased from 9.7% to 9.6% in 2013/14 – the lowest fall...

Read more

Apprenticeship levy causes mixed reaction

In his Autumn Statement and Spending Review, Chancellor George Osborne set the apprenticeship levy rate at 0.5% of an employer’s wage.

The new levy will be introduced in April 2017 and will be paid through PAYE. Each employer will receive an allowance of £15,000 to offset their levy payment. 

The Levy will only be paid on a pay bill in excess of £3 million. In his speech,...

Read more

Autumn Statement 2015: Reaction

The Chancellor George Osborne has now delivered his Autumn Statement 2015.

Here is a collection of immediate reactions from the UK's leading business groups:

Federation of Small Businesses

John Allen, national chairman for FSB, said that small businesses will be pleased that the Chancellor has listened to their concerns.

“Mr Osborne has managed to fund areas that...

Read more

Request call back