Brought to you by Call 0800 975 0088 to book a test drive While there was some good financial news, the Government’s credentials on encouraging more environmentally-friendly roads are looking less convincing Despite the otherwise trying times, the Budget was not all bad news for the UK’s small businesses, with a few welcome breaks for a sector that forms the backbone of the economy. Meeting the rents Businesses with a rateable value of £51,000 and below can look forward to seeing their bill cut by up to a third over the next two years. The Chancellor, Philip Hammond, says this will save up to £8,000 a year for up to 90pc of independent retailers. Meanwhile, the personal tax allowance will be raised to £12,500 for basic-rate taxpayers and £50,000 for higher-rate taxpayers in 2019, a year earlier than planned. Renewed efforts on high streets The £675m of co-funding for councils should invigorate high streets by converting commercial … [Read more...] about What does this year’s Budget mean for small business?
Raise funding for small business
A fashion show raised over £200 for the South Lincolnshire Blind Society.Cousins Lesley Gibson and Joanna Wallington, who co-own ‘Dress to Impress’ on Toll Bar Road, Grantham, wanted to support the society, which is based in Finkin Street, Grantham, after seeing how much it has helped their grandmother Georgina, who is visually impaired.They held a fashion show at the Eden Hotel earlier this month to show off their range of clothing, which mainly includes causal womenswear in sizes eight-26.They also invited small businesses to showcase their work, including N&B cupcakes, Cocktail O’ Clock, The Body Shop, Liz’s Shot Makeup and Artistry and Glasses for all occasions.Lesley said: “We wanted to be able to help other local small businesses. Everyone has got to start somewhere.”All ticket and raffle sales went towards the blind society and the cousins presented a cheque for £229 to chief executive Malcolm Swinburn last week. … [Read more...] about Grantham cousins host fashion show to raise funds for Blind Society
A black tie Glitter Ball event is being held this weekend to raise funds to help the homeless in Milton Keynes. Milton Keynes is in the grip of a homelessness crisis. It is in the top 50 worst areas in the country for homelessness, and in the South East of England only Brighton has a higher level of homelessness.This has prompted Michael Graham and Milton Keynes Citizens Advice to get together to raise money for a cause which covers one of the most basic of human rights - the right to shelter. Simon Hill, of Michael Graham, said:"We at Michael Graham are all fortunate enough not only to live in comfortable, safe houses, but also to sell some of the most desirable homes on the market. "Our partnership with the Citizens Advice aims to draw attention to the issue of homelessness and to give back to a charity which is local to our business.”As the UK’s largest advice provider, the Citizens Advice is equipped to deal with any issue, from anyone, spanning debt and employment to … [Read more...] about Michael Graham and Citizens Advice sponsor Glitter Ball to raise funds for the homeless in Milton Keynes
From haulage companies looking to expand their fleet of vehicles to construction firms in need of a specialised piece of equipment, small to medium-sized businesses (SMEs) are increasingly turning to different finance options. This is seen in the growth of asset finance, which is both tailored and flexible to businesses’ needs. More and more companies are using asset finance to fund the purchase of vehicles and vital pieces of equipment needed for expansion of their firm, according to the UK’s largest asset finance provider, Lombard. Recent statistics support Lombard’s claims, with figures by the Finance and Leasing Association showing a 5% growth in asset finance provided by its members in 2017 – up to £32billion. SMEs, it appears, are one of the driving forces behind the demand, with the report revealing that £18.6bn had been lent to small to medium-sized businesses. And with over 150 years of experience under its belt, Lombard is keen to raise … [Read more...] about Where to get money to fund your small business
News / Business by Press Association 12/08/2018, 9:32 am FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter The chief executive of a small business lender has hit out at plans for a £775 million banking competition fund, saying that worthwhile challengers are being sidelined by an unfair application process. In a letter to Banking Competition Remedies’ (BCR) chairman Lord Cromwell, the boss of iwoca Christoph Rieche has said the fund structure seems “unfair” to non-bank lenders. Mr Rieche is pushing for changes to the eligibility criteria that he claims would “level the playing field”. “As chair of BCR you play an important role to potentially reverse the ever growing funding gap that precludes micro and small businesses of rising to their full potential, which in turn holds back critical economic growth and job creation,” the letter, seen by the Press Association, reads. While the … [Read more...] about Small business lender hits out at ‘unfair’ application process for £775m fund