UK SMEs react to Chancellor Philip Hammond's pledge to invest £400 million to UK startups.
John Nelson, managing director of asset based lending at Independent Growth Finance, thinks, ‘£400m injected into venture capital funds via the British Business Bank is great
IGF, which opened its Scottish branch back in July, specialises in asset-based loans to SMEs.
So far, the lender has provided facilities to 10 clients, including a £100,000 invoice finance facility and a £2m asset-based lending facility.
The business community’s response to this year’s Autumn Statement has been a mixed bag, with some CEOs welcoming the changes and supporting the Chancellor’s efforts to stand SMEs in good stead post-Brexit, while others are not so sure. Some even
Startups are set for a boost from the chancellor’s Autumn Statement, as Philip Hammond announced plans to plough £400m into venture capital. The funds will come via the British Business Bank and it’s expected to unlock as much as £1
John Nelson, Managing Director - Asset Based Lending at Independent Growth Finance, comments on the recognition of the value of SMEs to the UK economy, as outlined in the Autumn Statement 2016.
Commercial finance provider IGF Group has doubled the amount of cash it has to invest in Scottish businesses after launching a base in Glasgow in the summer.
The firm, which specialises in making asset-based loans to small and medium sized enterprises, initially
The value of the sterling has dropped to the lowest level in the last three decades, following the UK’s decision to leave the EU on 23rd June 2016. Buoyed by this, manufacturing firms in the UK are placing exports high
The traditional high street banks have controlled lending to SMEs for decades and are still responsible for approximately 80% of all funding to smaller businesses today. Despite this clear dominance of the SME lending market, many smaller and medium-sized enterprises
IGF, the leading commercial finance provider for SMEs, is raising awareness about how businesses can gain access to finance by unlocking assets that already exist within their organisations.
In an interview with the BBC in 2014, David Cameron described small businesses as the ‘lifeblood’ of the UK economy. Whilst this has certainly popularised the term, it is one which has not only been used, but has been true