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Scotland top for equity finance deals outside of London


By Karen Peattie
Smaller businesses in Scotland raised equity finance more than any other part of the UK outside of London last year, according to analysis from the British Business Bank, the UK Government’s economic development bank.
Figures from the bank’s annual Small Business Finance Markets report show there were 242 equity deals in Scotland in 2020, 12 per cent of the UK total. Only London, with 965 deals – 47% of the total – had more, with the south east third at 188.
However, despite the number of equity deals, Scottish businesses accessed a comparatively low share of the total investment value at just 3% – £283 million. London attracted two-thirds (66%, £5.8 billion) of equity finance, while equity investment in the south east represented 9% (£792m) and the east of England 7% (£595m). ....

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UK SMBs—and their banks—could be in trouble once government support ends


UK SMBs and their banks could be in trouble once government support ends
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The British Business Bank’s (BBB’s) annual Small Business Finance Markets report found that last year, 43% of UK small and medium-sized businesses (SMBs) received external financing, compared with just 13% in 2019, as
reported by the Financial Times. Gross bank lending was up 82% year over year, with almost 70% of the growth coming from government-backed lending schemes which now have a March 31, 2021,
deadline for new applications.
Digital challengers in particular rode the wave of government relief programs and significantly expanded their loan books over the last year. As of October 2020, OakNorth Bank had ....

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UK small businesses' gloomy outlook threatens their value to neobanks


A grim outlook for UK SMBs questions their viability as valuable long-term neobank customers.
Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry. Learn more about becoming a client.
The British Business Bank s (BBB s) annual Small Business Finance Markets report found that last year, 43% of UK small and medium-sized businesses (SMBs) received external financing, compared with just 13% in 2019, as
reported by the Financial Times.
UK SMBs gloomy outlook threatens their value to neobanks.
Insider Intelligence
Gross bank lending was up 82% year over year, with almost 70% of the growth coming from government-backed lending schemes which now have a March 31, 2021,  ....

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