Newable partners with Start Up Loans, part of the British Business Bank, and UMi to deliver mentoring and support for SMEs

By Ruth Collier

Mentoring has a positive effect on loan recipients. According to the Start Up Loans Year 3 Evaluation, more than half (51%) of applicants took up the offer of mentoring support if offered. Of those, nearly three quarters (74%) reported net positive effects on long-term job prospects and 80% reported net positive effects on confidence in … Continued

Anticipating and Preparing Ahead for Financial Industry Trends

By Natasha Boumediene

Looking back on 2020 The SME loan support programmes launched in March 2020 by Her Majesty’s Treasury (HMT) and the British Business Bank have resulted in a dramatic increase in SME lending. To mid-November 2020, c.£42bn of Bounce Back Loans have been advanced, in addition to c.£23bn across both the Coronavirus Business Interruption Loan Scheme … Continued