Tagged: george osborne

Brief: Funding for Lending Scheme Extended to Help SME Lending

As expected, the Bank of England and HM Treasury have jointly announced a one year extension of the Funding for Lending Scheme (FLS).  The program, launched back in July of 2012, is designed to encourage lending to SME’s.  To date the program has failed to… Read More

UK Financial Conduct Authority Launches Innovation Hub. Encourages Change in the Interest of Consumers.

Meanwhile the SEC Stalls on Pushing Forward to Facilitate Title III & Title IV Crowdfunding. The Financial Conduct Authority (FCA), the UK regulatory body similar to the SEC, has announced the opening of their Innovation Hub as they embrace change and creativity in financial services…. Read More

UK Government Announces New Consultation on Peer to Peer Loan Inclusion in Individual Savings Accounts

The United Kingdom government has announced a new consultation seeking input from peer to peer industry participants or views from any other individuals or business as they look to create the most efficient method of including peer to peer loans within Individual Savings Accounts (ISAs)…. Read More

New Forms of Finance Hits Radar of Governments Around the Globe at Berkeley Forum

In a report from UK’s “the Crowdfunding Centre“, the group notes that crowdfunding and alternative-finance have hit the radar of governments and policy-makers, as well as financial institutions, across the globe.   The Second Annual Academic Symposium on crowdfunding is taking place this week at UC… Read More

Beauhurst: Chancellor May Have “Backed the Right Horse” in FinTech Push

Financial research group Beauhurst, a company that has been tracking the boom in UK equity investments has noted that the credit crunch of past is no longer holding back growing companies. To quote the company, growth companies are seeing a “massive surge in popularity among investors… Read More

The Crowdfunding Centre: London is the World’s Crowdfunding Capital

Move over, New York City and San Francisco. According to a recent report, London has been dubbed the world’s capital of crowdfunding. During one of The Crowdfunding Centre events last week, an interactive map shows that London was the top city for the funding option,… Read More

George Osborne: “I want the UK to lead the world in developing FinTech”

The United Kingdom has focused great attention and energy on encouraging an economic environment of innovation and entrepreneurial growth.  While actions always speak louder than words from a US perspective, we sometimes look with envy at what is occurring the UK and not happening in… Read More

Assetz Capital Responds to Osborne’s Announcement Regarding SME Borrowers

Reacting to George Osborne’s recent announcement that the Government will require banks to refer rejected SME borrowers to alternative funding providers, Stuart Law, CEO and Founder of Assetz Capital, one of the UK’s fastest-growing and largest P2P business lenders, commented: “Osborne’s plan to require banks… Read More

The Things Regulators Say in the UK & USA

Crowdfunding Sees Growing Regulatory Support. “We are now looking for areas where the system itself needs to adapt to new technology or broader change – rather than the other way round. We want to ensure that positive developments, the ones that promise to improve the lives of… Read More

Assetz Capital Responds to Osborne’s Suggestion that Banks Release Info on Rejections

Reacting to George Osborne’s suggestion that banks may be required to release information on SMEs that they reject for finance to alternative credit suppliers, Andrew Holgate, MD of Assetz Capital, one of the UK’s fastest-growing P2P lenders, commented: “When a bank says “no” to a… Read More

Crowdcube Comments on UK Budget Announcement

Co-founder of equity crowdfunding platform Crowdcube Luke Lang has commented on the UK budget announcement that occurred earlier this week.  While there were many positive aspects of Chancellor of the Exchequer George Osborne’s presentation Lang indicated here were some areas that could stand for improvement…. Read More

SEIS Tax Benefit for Investing in Small Companies Made Permanent

The Seed Enterprise Investment Scheme (SEIS) was announced as becoming permanent yesterday as part of Chancellor of the Exchequer George Osborne’s budget presentation.    Introduced in 2012, the tax incentive for people to invest in early stage companies has been viewed as a groundbreaking approach… Read More

Peer-to-Peer Lending Eligible for ISA’s in UK

As part of the 2014 Budget report delivered by Chancellor George Osborne today, it was announced that ISA’s (Individual Savings Accounts similar to 401k’s in the US) may now hold P2P loans.  The UK government has extended the list of qualifying investments for these widely utilized… Read More

UK Government Incentives Boost 1,100 Companies with Over £82 Million in Finance

UK Program, Used by Crowfunding Platforms,  Dramatically Encourages Investments in Small Businesses. Her Majesty’s Treasury has released some initial results from their Seed Enterprise Investment Scheme (SEIS) which is a widely used tax incentive on UK based equity crowdfunding platforms.  The HM Majesty’s early data… Read More

Crowdcube Management Meets with HM Treasury, Financial Conduct Authority (FCA)

Crowdcube Equity Crowdfunding Platform has Raised Over £12 Million to date for 64 Busineses. Crowdcube founders Luke Lang and Darren Westlake ventured off to Downing Street today to meet with British authorities to discuss the equity crowdfunding revolution and realities of today.  Representatives from HM… Read More

Crowdfunding Pulls U.K. Government Projects Off Scrap Heap

This week, U.K. Chancellor George Osborne delivered another gloomy national budget. In the context of ongoing austerity, local government in particular has had to tighten its belt and rein in spending, with things such as cutting library opening times or closing local projects. By 2015,… Read More

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