News Centre

HSBC sets up £10 billion funding pot for SME support

HSBC is to commit at least £10 billion in loans to small and medium businesses this year. This is the bank’s largest funding package for SMEs to date, topping the fund of just more than £8 billion it announced a year ago.

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Small businesses face twice the wait to get paid

SMEs in the UK are being forced to wait almost twice as long for invoices to be paid than larger companies, according to a new study.

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Half of UK SMEs are frustrated by delayed bank payments

Nearly half of UK small and medium businesses say they are frustrated by delayed payments reaching their bank accounts. 48% of SMEs surveyed by YouGov and ACI Worldwide said they had been frustrated by delayed payments and the study also found that this had negatively impacted the ability of SMEs to conduct their businesses successfully.

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New PSC legislation comes into force

The Small Business, Enterprise and Employment Act 2015 received Royal Assent in March 2016. The Act had various implications for businesses, which were due to be implemented in staggered stages.

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60% of women want to start their own business

Nearly two thirds of women in the UK would ideally like to start their own business, a new survey has found. The poll, by Avon, found that 60% of women wanted to run their own business as they felt it would improve their own work/life balance.

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