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Record levels of smaller businesses sought external financial support in 2020

Published today, the British Business Bank’s Small Business Finance Markets 2020/21 report highlights a surge in applications for external financial support, including government and local grants, among SMEs. Almost half of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. At the same time, gross bank […]

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Fears grow for 5,000 UK steel jobs as lender collapses

The principal financial backer of one of the UK’s largest industrial groups has fallen into administration. Specialist bank Greensill Capital was the main lender to businessman Sanjeev Gupta’s sprawling empire, which includes Liberty Steel. The appointment of administrators to Greensill puts 5,000 jobs at risk at Liberty Steel and other firms. In a court […]