Industry News

SMEs Dominate UK Private Sector By 99.9%

The composition of the UK business sector is predominated by SMEs, according to statistics from the Department For Business Innovation & Skills – and the number continues to grow. More than 500,000 new small and medium-sized businesses have been registered each year for the past 2 years, bringing the total up to 5.2 million at…

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New Innovative Finance ISA Accepts P2P Investments

One jewel to shine brightly out of Chancellor George Osborne’s Budget last week was the announcement that a new ‘Innovative Finance ISA’ will be become available next year. “The Government will introduce the innovative finance ISA, for loans arranged via a P2P platform, from 6 April 2016 and has published a public consultation on whether…

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The Route – Finance Responds To UK Budget

The highlights and the headlines following George Osborne’s summer Budget 2015 are focussed heavily on the slashing of corporation tax and the rise of the new National Living Wage. Businesses of all sizes are set to be affected, but for SMEs in particular, the implications are complex and many. The rate of corporation tax will…

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Alternative Finance – Beating Banks At Their Own Game

Peer-to-peer (P2P) lending has proven to be a true rose growing from the concrete rubble of the battered economy. Such lending is proving for many SMEs to be a faster, safer and smarter provider of finance that the banks have been failing to deliver now for far too long. Derek Butler, chief executive of GRID…

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42% of SMEs Unaware Of AltFi Options Available To Them

Raising funds is one major challenge for the SME. However, it seems that raising awareness of alternative finance options available to SMEs is the major challenge of the AltFi platforms that could provide them with these funds. Recent survey data from UK bond Network shows that 42% of SMEs are not aware of the alternative…

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Alternative Finance Platforms On Track To Lend £4.4 billion

In conjunction with rising demands, peer-to-peer (P2P) lending platforms are experiencing soaring growth rates, as more and more SMEs are bypassing banks to gain access to funding. Recent statistics from Companies House indicate that in 2014 a record breaking 581,173 new businesses were created, and that as of June 2015 a further 204,075 have been…

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Demand For Alternative Finance To Soar

  A new study by Amicus Finance Plc has found that nearly two thirds of SMEs expect the demand for alternative finance to increase dramatically over the next two years. The study underlines the continued lack of trust and decline in support for traditional mainstream lending, with 60% of SMEs predicting that demand for alternative…

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The Rise of Crowdfunding in Sport

The dazzling world of the Formula 1 racetrack – the (exceptionally) fast cars, the champagne, the celebrities, the corporate sponsorship – can often give the impression that the last problem on Earth for the sport could be finance. Indeed, Formula 1 produces an annual income of more than £1 billion, more than enough, surely, to…

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The Route – Finance Join ABF

The Route – Finance is amongst 18 new funders that have joined ABF (AlternativeBusinessFunding.co.uk), bringing the total number of funders on the platform up to 51. The ABF is one of the true success stories for alternative finance that has come out of the UK in the wake of the financial collapse at the end…

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