Entries by Stephen Kiely

Coronavirus–hit family businesses in the financial services sector continue to be the backbone of the economy

The new IFB Research Foundation The State of the Nation: The UK Family Business Sector 2019–20 report published this week showcases the unwavering relevance and contribution of family firms. In the financial services sector there are over 71,000 family businesses, making up 79% of private sector businesses and employing almost 300,000 people. Country-wide, the report […]

How COVID-19 helped accelerate the UK’s biggest digital transformation

The measures to limit the spread of coronavirus (COVID-19) implemented in March 2020 led to a sudden increased demand for the Department for Work and Pensions’ (DWP’s) digital services. Simon McKinnon, Chief Digital Information Officer, said: “Our focus was clear: to get money to people as swiftly as possible and help safeguard vulnerable people.” The […]

Fiduciam provides £840,000 loan to children nursery – how CBILS boosts local businesses and communities.

Fiduciam, the institutionally funded short-term lender, has just completed a Coronavirus Business Interruption Loan Scheme (CBILS) loan for £840,000. The loan was to a children’s nursery in Leytonstone, in North East London, called Harvey House. The CBILS was designed to support the continued provision of finance to smaller UK businesses (SMEs) that have been impacted […]

Italian NPL ABS collections on the way to a gradual recovery

Italian NPL securitisations might be getting over Covid-19. June and July collections were above the pre-pandemic average and judicial proceeds have bounced back. Collections for the rest of 2020 should be more aligned with the pre-Covid picture. Performance across transactions remains volatile, though: 13 out of 22 transactions registered a decrease in collections in July […]

heycar Expands Partnership Drive With Regit

Online car marketplace heycar is continuing to expand its reach, through a new partnership with Regit. It marks the latest step in their ongoing commitment to building strategic relationships across the automotive industry – in order to drive greater visibility on dealers’ stock. The deal sees heycar become the exclusive provider for new and used […]

Foundation Home Loans announce buy-to-let rate reductions across all product tiers and property types

Foundation Home Loans, the intermediary-only specialist lender, has today announced a wide range of buy-to-let rate reductions across all product tiers and property types, with the new offering available to both individuals and limited companies. Products which have seen specific cuts include Foundation’s: 80% LTV two-year fixed-rate – reduced by 20 basis points from 4.29% […]