Wilmslow-based premiumg chauffeur platform, SCS, has secured a seven-figure investment from North West investors, Arete Capital Partners and River Capital. Founded by Garry Jones, SCS delivers high-end chauffeur services for major airlines, luxury restaurant groups and elite sporting … [Read more...]
News for: Finance
Wilmslow claims management firm faces FCA investigation
Wilmslow-based claims management company, The Claims Protection Agency Ltd., is under investigation by the Financial Conduct Authority (FCA) following concerns over its advertising and sales tactics in regard to motor finance claims. The business, which has traded under names including My Claim … [Read more...]
Northern businesses share in £180 million since the launch of second Northern Powerhouse Investment Fund
Businesses across the North have benefited from a total £180 million of investment since the launch of the Northern Powerhouse Investment Fund II (NPIF II). With over 315 deals to date, the fund has directly invested £115 million into over 300 small businesses across the North of England, … [Read more...]
Fund manager surpasses £25 million in NPIF II lending to North West businesses
Fund manager for the Northern Powerhouse Investment Fund II (NPIF II), FW Capital Debt Finance, has surpassed the £25 million lending milestone financing businesses in the North West of England. Since the Fund’s launch last year, NPIF II – FW Capital has successfully completed 64 investments, … [Read more...]
Growth Guarantee Scheme supports £270 million in lending to North West businesses
The British Business Bank has reached the landmark milestone of £2.5 billion of lending nationwide under its Growth Guarantee Scheme, with the North West receiving £272 million across 1,495 facilities alone. 69% of lending has been delivered to businesses outside London and the South East, and … [Read more...]
Lloyds Business Barometer finds sustained rise in business confidence
A monthly business survey conducted by high street banking group, Lloyds, has revealed a sustained rise in business confidence across the UK. Business confidence increased by 1 point to 51% in June nationwide, with the North-west seeing a 3 point rise to 55%. The rise follows a sharper rise in … [Read more...]
Pension reforms aim to boost investment and retirement savings
Government has set out planned reforms to pension schemes that aim to unlock greater investment in infrastructure projects and deliver higher returns on savings. Proposals set to be introduced in the Pension Schemes Bill will mean all multi-employer Defined Contribution pension schemes and Local … [Read more...]
Northern businesses backed with over £1.7 million in NPIF II Smaller Loans
GC Business Finance and River Capital have revealed they have supported Northern businesses with over £1.7 million in smaller loans funding in the first year of the Northern Powerhouse Investment Fund II (NPIF II). Since the launch of the fund in April 2024, the consortium has supported 32 … [Read more...]
GCBF and River Capital drive North West growth with £1.4 million NPIF II investment
GC Business Finance (GCBF) and River Capital have provided £1.4 million worth of funding to 23 businesses in the North West since the second Northern Powerhouse Investment Fund (NPIF II) launched in March 2024. The two organisations manage as a consortium NPIF II - GC Business Finance & River … [Read more...]
British Business Bank reveals impact after a decade of support for small businesses in the North West
Since it was established in 2014, the British Business Bank has delivered funding to over 24,000 smaller businesses across the North West of England according to findings published in the Bank’s The Power of 10: 10 Year Impact Report. Assessment of the British Business Bank’s impact found … [Read more...]
Inflation rose to 2.3% in October
October Consumer Price Index (CPI) data from the Office of National Statistics (ONS) has revealed a 0.6 percentage point rise in the rate of inflation. Annual inflation reached 2.3% in October, its highest rate since April, after a sharp rise on the previous month’s figure of 1.7%. While … [Read more...]
Bank of England cuts interest rates to 4.75%
The Bank of England’s Monetary Policy Committee (MPC) has voted to cut interest rates by 0.25 percentage points to 4.75%, the second cut of this year. Economists on the MPC voted 8-1 in favour of the cut, with the decision following the ONS’ announcement that CPI inflation fell below the … [Read more...]