Neil Fillbrook

Challenger bank expands after £5 billion boost “We’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability – and we’re still building momentum.” Chetwood Bank has unveiled expansion plans after breaking a £5 billion balance sheet benchmark. The digital lender is opening a Manchester office which will build on existing bases in London, Wrexham and Fleet, leaving it primed to continue its momentum across the UK banking sector. Read more here: https://lnkd.in/eZpHStrf Paul Noble

127

4 Comments

We’re thrilled to announce that we’ve secured £45 million in debt financing, our first dedicated funding arrangement to power more SME business loans across the UK. 💜 This milestone package includes: - £35m Revolving Credit Facility (RCF) from FTSE 250 specialist lender Paragon Banking Group PLC - £10m junior Medium-Term Note (MTN) programme from LGB Capital Markets “Securing our first debt financing is a major milestone for Love Finance. This funding brings us closer to our goal of being the UK’s most trusted SME lender,” says Jack Smith, Founder & CEO.   Grateful for the support and trust that allows us to scale our own book lending, make faster decisions, and help more UK SMEs access fast, flexible loans. 💡✨   Read more here: https://lnkd.in/eEdWjdDb

119

3 Comments

📢 Allica Bank CEO Richard Davies was quoted in The Times yesterday about how a few smart regulatory tweaks could unlock £500 million more in SME lending this year 🚀   He covered:   🏦 Why high street banks are pulling back from SME lending 💰 How UK businesses think about debt, and how to build confidence ⏩ Why speed of decision-making matters more than ever   We’re proud to back the UK’s established SMEs that make up the beating heart of the UK economy – and too often get overlooked.   With over £3 billion already lent, we’re transforming relationship banking with great rates, smart people and powerful technology. And with the right support from regulators, we could do even more.   Let’s make it easier for established SMEs to get the money they need to thrive 💼   👉 Read the full article: https://lnkd.in/e8bbt8S2   #SMEs #businessbanking #fintech #regulation #growth

356

6 Comments

Economic growth starts with strategic investment in our strongest sectors 📈 Sarah Williams-Gardener, the Chair of FinTech Wales, explains how today's Financial Services sector plan builds on Wales' existing strengths to drive sustainable economic growth across the country. This is about more than financial services – it's about creating the high-value jobs and innovative businesses that will power Wales' economy for decades to come 🎥

31

2 Comments

🎺 We've agreed an ENABLE Guarantee with finance provider 4Syte, supporting a facility of up to £100m. The transaction will unlock additional capacity, increasing 4Syte’s invoice finance and asset-based lending to smaller UK businesses. The funding is being provided by NatWest while the Bank is guaranteeing a portion of the funding and will help to support a doubling of the existing funding facility. “Working with a new delivery partner in 4Syte and alongside an established funder like NatWest, demonstrates our commitment to increasing the diversity of providers in the wider lender market, supporting them at whatever stage of their journey they are on," says Michael Strevens, Our MD, Structured Financial Institution Solutions.

39

1 Comment

🚀 Accelerating the ambitions of UK smaller businesses Our Growth Guarantee Scheme has reached £2.5bn in total lending, enabling smaller businesses across the UK to invest, expand and thrive. 📍 69% of this lending has reached businesses outside London and the South East 📍 £270m+ has supported businesses in the North West alone 📍 Over £633m has been provided to companies under five years old Chancellor of the Exchequer Rt Hon Rachel Reeves said: "The Growth Guarantee Scheme has made a huge impact on our regional economies, helping smaller businesses across the UK to invest and grow, creating jobs and putting more money in people’s pockets." Launched in July 2024, Growth Guarantee Scheme can be accessed via accredited lenders and provides crucial financing through term loans, overdrafts, asset and invoice finance, supporting up to £2m per facility. 👉 Click through for the key highlights of this milestone. 

119

16 Comments

Monzo Bank is migrating its investment and pension accounts to the Seccl platform, with plans to expand its proposition with digital accumulation self-invested personal pensions (SIPPs) and trading capabilities for exchange-traded funds (ETFs). ✒️Tyler Pathe has the story ⬇️ https://lnkd.in/ehMMGy-g #BankingTech #WealthTech

36

Trust Retail, part of the Trust Payments Group, has announced implementation of Pennies micro-donation technology at John Bell & Croyden, a London pharmacy dating back to 1798 and a Royal Warrant holder since 1958 #payments Mike Dotson robin winfield Alison Hutchinson CBE Rebecca Malia Full story here 👉 https://lnkd.in/ekBSd3aS

33

2 Comments