The combined trade debts of UK SMEs now stands at almost three times the country’s GDP, a new report has found.
In the first arrangement of its kind, the high street bank Santander and the crowd funding platform Funding Circle have agreed to pilot a scheme for businesses turned down for loans.
Fightme, a video-based social network where members issue 30 second “challenges” to one another, has secured development funding from a number of investors to help it expand into new platforms.
The Chairman of the Centre for Policy Studies (CPS), Lord Saatchi, has called on the Conservatives to scrap corporation tax on smaller businesses in a bid to make them more competitive.
75% of “Mittelstands” - German SMEs – are family-run businesses. But without an successor to carry them on, more and more are being sold to foreign investors.