Praetura Asset Finance, an alternative finance platform, has secured an £18 million investment from the British Business Bank to help UK startups.
The company, which was launched in 2014, provides a wide range of financial services for small businesses, including asset finance, finance leasing, hire purchase and refinancing facilities of between £10,000 and £2 million.
Birmingham has been named the most enterprising city in Britain in the 2016 Enterprising Britain Awards.
The Enterprising Britain Awards are run by Investment in Young People on behalf of the Department for Business, Energy and Industrial Strategy, and celebrate local initiatives to support business and growth.
The North East has one of the fastest growing tech sectors in England, according to research from accountancy firm Nixon Williams.
The report found that the number of technology businesses in the North East increased from 9,695 to 10,285 from 2014 to 2015 – a growth of 9.2 per cent. This makes the region’s tech growth second only to London, which saw an increase of 11.7 per cent.
Over 80 per cent of female business owners say that they would recommend that other women set up their own business, as said by the Women-owned Micro Businesses Trend Report from Vistaprint.
The report surveyed 1,200 female entrepreneurs from the UK and US, and revealed that respondents are confident about their business, with over 50 per cent expecting their enterprise to financially improve this year.
London’s fintech sector could help the UK’s law firms after almost a quarter of finance directors from the country’s top law firms expressed their concerns over an M&A slowdown hitting profitability.
A new report by Thomson Reuters Legal, an organisation that helps professionals in areas such as finance, legal and accounting, states that the number of finance directors concerned over an M&A slowdown was down from 8 per cent last year.
The UK has been named as one of the top countries to be a social entrepreneur in a new study.
The research, which was carried out by Thomson Reuters in partnership with Deutsche Bank, advice group UnLtd and the Global Social Entrepreneurship Network, is the world’s first poll for locating the best countries for social entrepreneurs.
Lending to small businesses has reached a record high over the past year, according to new figures from the National Association of Commercial Finance Brokers (NACFB).
The figures showed that lending has risen by 30 per cent to a record £20.7 billion, despite the economic uncertainty surrounding the EU referendum. It is the seventh year in a row of growth for lending to small businesses.
Businesses led by migrants are helping to boost the UK economy, according to a report by the Institute of Directors (IoD) and mi-hub, which provides co-working space specifically for migrant entrepreneurs.
The report, entitled Migrant Entrepreneurship in the UK: celebrating the benefits to Britain, showed that migrants are making a valuable contribution to the UK, helping to create jobs rather than taking them.