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Financing business

New Funding for Lending Scheme launched

A new scheme designed to deliver cheap credit to banks in order to boost the economy has been officially launched by the Government and the Bank of England.

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A quarter of small businesses affected by crime

One in four small businesses (24 per cent) have fallen victim to business related crime in the past two years, research from Direct Line has found.

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Regional Growth Fund too costly and complicated for businesses

The Government's £2.4 billion Regional Growth Fund (RGF) has been criticised for poor management and being 'too costly' for businesses applying for funding.

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Late payment improving amongst businesses

UK firms are waiting less time to receive payment from their debtors, according to data from Experian.

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Rogue money firms could face immediate closure from OFT

Businesses and individuals are to benefit from a Government clamp down on rogue companies that miss-sell consumer credit products or services.

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UK 'short-changed' by EU funding

MPs are calling for reforms to the way certain European funding is distributed, after a report revealed the UK receives less money than it originally puts in.

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New guidance for SMEs on alternative finance

New guidance on how to raise finance through alternative forms of lending has been launched for start-ups and small businesses.

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UK banking culture 'throttling' economic recovery

UK banks have been accused of 'throttling' the country's economic recovery because of an 'anti-business culture' and an 'obsession with short-term trading profits', business secretary Vince Cable has warned.

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Average cost of starting a business edges close to six-figures

Entrepreneurs require an average of £94,000 in capital to get their business off the ground, research from personal asset lender Borro has found.

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'Serious failings' in bank mis-selling to businesses

The Financial Services Authority (FSA) has found 'serious failings' in the ways banks sold specialist insurance products to businesses, it has announced.

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