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Alternative Finance blog

Should I Invest in P2P?

Should I Invest in P2P?

Posted 2 months ago


The Covid-19 crisis has presented a challenge for the sector, but there are still many reasons to invest in peer-to-peer lending. P2P is fighting its way through its first economic downturn and ther..

Tagged: sme entrepreneur p2p alternative finance news coronavirus


Self-Employed to Benefit From Second Stage of Support Scheme

Self-Employed to Benefit From Second Stage of Support Scheme

Posted 2 months ago


Over 2.7 million benefited from the first stage of the SEISS - with the government handing out £7.8 billion of grants to help them through the crisis. Those eligible will now be able to recei..

Tagged: sme entrepreneur self employed coronavirus news alternative finance


Business Banking Resolution Service To Open In November

Business Banking Resolution Service To Open In November

Posted 2 months ago


The Business Banking Resolution Service (BBRS) will now start to resolve disputes between businesses and participating banks from the middle of November, it has been announced. Designed to settle a..

Tagged: sme entrepreneur news business alternative finance banking


Over 1.2m Businesses Have Benefited From Coronavirus Lending Schemes

Over 1.2m Businesses Have Benefited From Coronavirus Lending Schemes

Posted 2 months ago


More than 1.2m businesses have now received support through government-backed coronavirus lending schemes. The latest Treasury data, as of 9 August, shows most lending has come through the bounce b..

Tagged: sme entrepreneur news alternative finance coronavirus


What is The Start Up Loan Scheme?

What is The Start Up Loan Scheme?

Posted 2 months ago


Designed as a way to help start-ups that have begun trading, Start Up Loans are a form of personal created to support new business owners that have struggled to secure finance from traditional lende..

Tagged: sme coronavirus news raising funds alternative finance


Figures Show 730,000 Job Losses Since Start of Lockdown

Figures Show 730,000 Job Losses Since Start of Lockdown

Posted 2 months ago


As the UK government continues to ease lockdown, it has been revealed that just under 730,000 jobs have been lost since the start of the Covid-19 pandemic.  The news comes as the UK prepares i..

Tagged: sme coronavirus news raising funds employment alternative finance


Government Backs Trade Credit Insurance With £10bn Guarantee

Government Backs Trade Credit Insurance With £10bn Guarantee

Posted 2 months ago


The government has announced that Trade Credit Insurance, which provides cover to business-to-business transactions, will receive up to £10bn of government guarantees in a further bid to tackl..

Tagged: sme coronavirus alternative finance entrepreneur news raising funds


Fifth of Business Owners Take Pay Cut Due to Covid, Research Suggests

Fifth of Business Owners Take Pay Cut Due to Covid, Research Suggests

Posted 2 months ago


New research has revealed that just under a fifth of small business owners declared that they had taken a pay cut during the coronavirus pandemic. According to Purbeck Insurance Services, 14% of SM..

Tagged: sme entrepreneur alternative finance coronavirus news


Businesses Have Just One Month to Claim £1.6bn in Unspent Grants

Businesses Have Just One Month to Claim £1.6bn in Unspent Grants

Posted 3 months ago


It has been revealed that businesses have until the end of August to claim up to £1.6bn in unspent grants that were originally made available through the government’s coronavirus emergen..

Tagged: sme raising funds coronavirus news alternative finance


How Can I Claim A £5,000 Technology Grant?

How Can I Claim A £5,000 Technology Grant?

Posted 3 months ago


The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic. Small and medium-sized businesses can access a small business technol..

Tagged: sme entrepreneur news coronavirus raising funds


Only 43% of Businesses Plan to Claim Furlough Bonus

Only 43% of Businesses Plan to Claim Furlough Bonus

Posted 3 months ago


According to figures released today, almost half of businesses do not intend to claim the £1,000 furlough bonus made available by Chancellor Rishi Sunak.  In its latest Coronavirus Busin..

Tagged: sme furlough entrepreneur business finance alternative finance news


The Small Business Leadership Programme: Giving Businesses the Tools to Overcome Covid-19

The Small Business Leadership Programme: Giving Businesses the Tools to Overcome Covid-19

Posted 3 months ago


With the coronavirus crisis forcing businesses to adopt new ways of operating, the Government has announced the launch of £20m to help improve businesses’ management, productivity and pr..

Tagged: sme news coronavirus alternative finance business


What is The Sustainable Innovation Fund, And How Will it Help Businesses?

What is The Sustainable Innovation Fund, And How Will it Help Businesses?

Posted 3 months ago


With a number of research and development projects at risk as a result of the coronavirus crisis, the Government has announced the introduction of the Sustainable Innovation Fund. Worth a total of &..

Tagged: sme coronavirus entrepreneur raising funds alternative finance news


Over £13bn Provided to Businesses Through CBILS

Over £13bn Provided to Businesses Through CBILS

Posted 3 months ago


Over £13bn has been provided through the Coronavirus Business Interruption Loan scheme so far, according to the latest figures from the Treasury.  Nearly 59,000 small and medium-sized bu..

Tagged: sme business raising finance entrepreneur cbils news alternative finance


More Lenders Approved For Larger Coronavirus Loan Scheme

More Lenders Approved For Larger Coronavirus Loan Scheme

Posted 3 months ago


As the UK continues to grapple with the economic impact of the coronavirus crisis, the British Business Bank has approved three more lenders to deliver the Coronavirus Large Business Interruption Lo..

Tagged: sme entrepreneur coronavirus cbils clbils news alternative finance equity crowdfunding


Fifth of Business Owners Uncertain About Re-opening After Pandemic

Fifth of Business Owners Uncertain About Re-opening After Pandemic

Posted 3 months ago


Nearly one fifth of the UK’s small and medium sized enterprises have expressed uncertainty as to whether they will be able to survive the economic impacts of the coronavirus pandemic, new rese..

Tagged: sme business coronavirus news alternative finance


What Is the Recovery Advice for Business Scheme, And How Can I Benefit?

What Is the Recovery Advice for Business Scheme, And How Can I Benefit?

Posted 3 months ago


The Recovery Advice for Business scheme, supported by the government and hosted on the Enterprise Nation website, will give small firms access to free, one-to-one advice with an expert adviser to he..

Tagged: sme coronavirus business support raising funds news alternative finance


Businesses Set To Benefit from £20m Worth of New Government Grants

Businesses Set To Benefit from £20m Worth of New Government Grants

Posted 3 months ago


Small businesses in England are set to benefit from £20 million of new funding in the government’s latest efforts to help firms recover from the impact of the coronavirus pandemic. ..

Tagged: sme coronavirus business raising funds alternative finance news


Chancellor Rishi Sunak Considering 2% Online Sales Tax

Chancellor Rishi Sunak Considering 2% Online Sales Tax

Posted 3 months ago


According to the Times, the Treasury is considering whether to introduce a 2% tax on goods that are sold online in an attempt to give High Street shops an advantage over large-scale retail. If intro..

Tagged: sme chancellor finance alternative finance news coronavirus


What Does The CBILS Change Mean For You?

What Does The CBILS Change Mean For You?

Posted 3 months ago


A change in the lending rules governing the Coronavirus Business Interruption Loan Scheme could mean that small businesses previously refused a loan are now able to secure access to vital funding.&n..

Tagged: sme alternative finance raising funds equity crowdfunding cbils news coronavirus entrepreneur


What Rules Have The Government Relaxed To Help Businesses During Coronavirus?

What Rules Have The Government Relaxed To Help Businesses During Coronavirus?

Posted 3 months ago


Since the outbreak of Covid-19, the Government has made a number of changes to rules governing areas such as business rates and childcare funding. Below we list a number of amendments to a range of ..

Tagged: smes coronavirus news alternative finance


What Rates Are Alternative Lenders Offering for CBILS?

What Rates Are Alternative Lenders Offering for CBILS?

Posted 3 months ago


So far over 100 firms have been accredited to provide the Coronavirus Business Interruption Loan to businesses struggling to mitigate the economic impact of Covid-19.  Among the alternative le..

Tagged: sme p2p equity crowdfunding alternative finance cbils news


MPs Call for Full Loan Payment Holidays for Business Customers

MPs Call for Full Loan Payment Holidays for Business Customers

Posted 3 months ago


The All Parliamentary Group for Fair Business Banking has called for a full 6-month payment holiday on commercial loans for business customers who have been affected by the Covid-19 crisis.  S..

Tagged: sme loans coronavirus alternative finance news entrepreneur business


Span Health Discusses the Positive Impact of NextFin's Ratings Service

Span Health Discusses the Positive Impact of NextFin's Ratings Service

Posted 3 months ago


Span Health has complimented Nextfin on what it calls “a very straightforward” ratings service. Aimed at helping people avoid lifestyle-induced diseases, symptoms, medications, and compl..

Tagged: sme ratings entrepreneur equity crowdfunding raising funds alternative finance news


Bounce Back Loan Restrictions Could Force Businesses To Go Bust

Bounce Back Loan Restrictions Could Force Businesses To Go Bust

Posted 3 months ago


Campaigners and MPs have issued a stark warning that potentially tens of thousands of businesses could risk going bust due to delays when accessing the government’s Bounce Back Loan Scheme.&nb..

Tagged: sme coronavirus alternative finance news


Treasury to Look At Fintech Sector For Growth Opportunities

Treasury to Look At Fintech Sector For Growth Opportunities

Posted 3 months ago


Owing to the coronavirus pandemic, the Treasury has announced it will be launching an independent review into the fintech sector to identify growth opportunities. The review was originally mentioned..

Tagged: sme alternative finance fintech news coronavirus


£6.7bn Invested in Small Businesses in 2018

£6.7bn Invested in Small Businesses in 2018

Posted 3 months ago


Small businesses received a record £6.7bn in equity funding in 2018/19, a 5% increase year on year. The average deal size was £4.5m, an 11% increase compared with 2013. Small business e..

Tagged: sme equity crowdfunding alternative finance news raising funds


What is the Position of Each Lender Regarding Bounce Back Loan Applications?

What is the Position of Each Lender Regarding Bounce Back Loan Applications?

Posted 4 months ago


* The following information has been extracted from the latest data made available by the All-Parliamentary Group for Fair Business Banking. There are tens, possibly hundreds of thousands of b..

Tagged: sme coronavirus news equity crowdfunding alternative finance


NextFin's Rating Service

NextFin's Rating Service "extraordinary," says Artfinder

Posted 4 months ago


Artfinder has complimented NextFin on what is described as an “extraordinary” ratings service. The world’s first certified B corporation, the company was rated by us on June 30 and..

Tagged: sme equity crowdfunding entrepreneur news


The Chancellor's Summer Statement:

The Chancellor's Summer Statement: "Good for Young Workers, But What About Startups?"

Posted 4 months ago


After much anticipation, the Chancellor Rishi Sunak unveiled what many have called an emergency coronavirus budget, pledging a range of new measures worth up to £30 billion.  With jobs t..

Tagged: smes future fund budget coronavirus news


Number of Furloughed Workers Reaches  9.4 Million

Number of Furloughed Workers Reaches 9.4 Million

Posted 4 months ago


To date, 9.4 million workers have been furloughed by 1.1 million employers, with the total value of claims under the Job Retention Scheme currently at £27.4bn, according to the latest data mad..

Tagged: sme coronavirus news business entrepreneur


Don't Miss The Deadline For The Self-Employment Income Support Scheme

Don't Miss The Deadline For The Self-Employment Income Support Scheme

Posted 4 months ago


Introduced by Chancellor Rishi Sunak on March 25, the Self-Employment Income Support Scheme (SEISS) provides taxable grants to self employed individuals whose livelihoods are adversely affected by c..

Tagged: sme news coronavirus


European Commission to Further Support Startups and Incentivise Private Investments

European Commission to Further Support Startups and Incentivise Private Investments

Posted 4 months ago


The European Commission has announced the adoption of a third amendment to its Temporary Framework to further support startups as they struggle during the coronavirus outbreak.  The news comes..

Tagged: coronavirus SMEs alternative finance news equity


Two More P2P Lending Platforms Approved For CBILS

Two More P2P Lending Platforms Approved For CBILS

Posted 4 months ago


The British Business Bank has approved peer-to-peer lending platforms LendingCrowd and Folk2Folk for the coronavirus business interruption loan scheme (CBILS). The scheme enables lenders accredited..

Tagged: p2p alternative finance coronavirus news equity crowdfunding


Coronavirus Loan Applications Exceed One Million

Coronavirus Loan Applications Exceed One Million

Posted 4 months ago


More than one million businesses have applied for a Government-backed loan to help navigate the economic impacts of the pandemic. Meanwhile UK businesses have furloughed nearly nine million jobs, u..

Tagged: sme coronavirus news equity crowdfunding alternative finance


Only 45% of Eligible Businesses Able to Apply for Bounce Back Loans

Only 45% of Eligible Businesses Able to Apply for Bounce Back Loans

Posted 4 months ago


New research has found that only 45% of businesses eligible under the scheme have been able to successfully apply for a Bounce Back Loan. According to risk assessment experts protecting.co.uk, the l..

Tagged: sme coronavirus news alternative finance


Chancellor Rishi Sunak Expands The Future Fund

Chancellor Rishi Sunak Expands The Future Fund

Posted 4 months ago


In a widely anticipated move, the Chancellor of the Exchequer Rishi Sunak has expanded the Future Fund to accommodate businesses that contribute significantly to the UK economy, but do not have thei..

Tagged: coronavirus equity crowdfunding news sme


Almost Two-Thirds Of Small Businesses Left Without Payment During Pandemic

Almost Two-Thirds Of Small Businesses Left Without Payment During Pandemic

Posted 4 months ago


Just under two-thirds of small businesses have suffered from late payments during the pandemic, according to a report commissioned by the Federation of Small Businesses.  The report highlighte..

Tagged: sme coronavirus entrepreneur news


Future Fund Almost Out Of Money After Just A Month

Future Fund Almost Out Of Money After Just A Month

Posted 4 months ago


Less than a month after opening for applications, the government’s widely anticipated scheme for supporting startups struggling to navigate the economic impact of the pandemic, has nearly run ..

Tagged: coronavirus sme future fund news


Which Countries Are Spending The Most On Coronavirus?

Which Countries Are Spending The Most On Coronavirus?

Posted 4 months ago


Coronavirus has afflicted populations across the world. From small businesses shutting down, to mass unemployment, various nations have been prompted to introduce far reaching rescue packages in an ..

Tagged: coronavirus entrepreneur news


What Does The New Furlough Scheme Mean For You?

What Does The New Furlough Scheme Mean For You?

Posted 4 months ago


In a widely anticipated move, the Chancellor will now allow workers who were furloughed under the Job Retention Scheme to return to work on July 1 on a part-time basis while still having their pay s..

Tagged: coronavirus business entrepreneurs news sme finance


Top Tips For Reopening Your Business After Covid-19

Top Tips For Reopening Your Business After Covid-19

Posted 4 months ago


With non-essential shops and retailers having reopened on June 15, business as usual may look very different after the coronavirus pandemic. By July, the government would like to see remaining small..

Tagged: coronavirus news business sme entrepreneur


Could Equity Crowdfunding Offer  A Lifeline For Small Businesses?

Could Equity Crowdfunding Offer A Lifeline For Small Businesses?

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Coronavirus poses an existential threat to small businesses in the UK. As Nextfin has reported, while the expansion of the Chancellor’s re..

Tagged: P2P Crowdfunding News MarketFinance


Entrepreneurs Relief Cut for Lifetime business owners

Entrepreneurs Relief Cut for Lifetime business owners

Posted 8 months ago


Author: Sacha Bright, CEO What does the Entrepreneurs' Relief cut mean to business owners and could this stifle enterprise? Entrepreneurs' Relief is getting cut to £1M from £10M. ..

Tagged: Tax Entrepreneur News


Business rates cuts and £3000 cash for small businesses

Business rates cuts and £3000 cash for small businesses

Posted 8 months ago


Author: Sacha Bright, CEO Sacha Bright comments on the Budget 2020, Wednesday 11th March Business rates cut to small business retailer  So, it takes a virus to get the government to unde..

Tagged: Tax News Bank


Entrepreneurs' Relief Cut: The Important Facts

Entrepreneurs' Relief Cut: The Important Facts

Posted 8 months ago


Author: Stephen Hazell-Smith, Chairman of NextFin (Twitter: @thecitygrump) You will probably have seen that those think tanks, The Institute for Fiscal Studies and the Resolution Foundation,..

Tagged: Entrepreneurs news tax


Entrepreneurs' Relief Cut

Entrepreneurs' Relief Cut

Posted 9 months ago


Author: Stephen Hazell-Smith, Chairman of NextFin Does our Chancellor and the Treasury understand capital formation for entrepreneurs? Entrepreneurs’ Relief has been spotlighted by the Insti..

Tagged: Entrepreneurs News


How Boris’ manifesto affects start-ups

How Boris’ manifesto affects start-ups

Posted 10 months ago


Boris Johnson has promised good regulation and support for British businesses, a £3Bn National Skills Fund, pledged to keep corporation tax at 19%, increase R&D tax credits and continue to..

Tagged: FCA News SEIS


Banks cutting local ties is better news for businesses than it may first appear

Posted 3 years ago


Last week the Guardian reported that RBS was cutting jobs in its small business loans department and outsourcing work to India. These cuts follow the closure of 158 branches last year and represent ..

Tagged: banks cutting local ties P2P peer to peer RBS good news for businesses


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