All our press releases about small and medium sized businesses in the UK. Industry trends, sector-specific research, tax changes, or government announcements.

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3 March 2020

Funding Options, the marketplace for business finance, has signed up for the HM Treasury’s Women in Finance Charter to demonstrate its commitment to increasing gender diversity both within its business, and across the industry.

12 November 2019

Funding Options has partnered with predictive company intelligence platform DueDil to simplify its customer journey and speed up finance applications

4 October 2019

Funding Options is today announcing the appointment of a new CEO who will lead the strategy to accelerate growth through Open Banking innovation and a wider business services marketplace for both the UK and EU.

19 September 2019

Funding Options, the UK’s leading business finance marketplace, today announced that with the eighth anniversary of founding the company in September 2011, Conrad Ford, Founder and CEO, is stepping down from the CEO role. He will remain involved with Funding Options as a shareholder and founder.

10 July 2019

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

25 June 2019

Funding Options has beaten off tough competition to secure itself a place as a finalist in the Best Marketing Campaign category of the first-ever Growth Finance Awards.

14 June 2019

Funding Options, the UK’s leading business finance marketplace, has today been awarded a £5 million grant from Pool D of the Capability and Innovation Fund. The funds will be used to help broaden and encourage wider choice of funding for small and medium sized businesses (SMEs) across the whole of the UK, particularly those in underserved local communities. Through the use of Open Banking, Funding Options can deliver impartial lending choice to the UK’s five million SMEs.

11 June 2019

Funding Options today announced that David Keene will be joining its senior leadership team as Chief Marketing Officer. In this role, David will be responsible for leading the marketing function at Funding Options to expand its customer base in the UK, Netherlands and Europe while also launching new products and solutions designed to support small businesses.

3 June 2019

Research by Funding Options has revealed that half (51%) of UK small and medium business owners need more help to take control of their finances – equating to 2.86 million small businesses who are struggling alone.

9 May 2019

Funding Options, together with Experian, is to bid for the BCR Capability and Innovation fund, part of the RBS Alternative Remedies Package designed to improve the financial products and services available to small businesses.

24 April 2019

Funding Options, the UK’s leading online marketplace for business finance, today announces Simon Cureton has been appointed as its new Commercial Director.

1 April 2019

The new Small Business Commissioner is starting to make progress on recovering late payments owed by large companies to small businesses, shows new research from Funding Options.

11 March 2019

The value of bank loans being offered to small and medium sized businesses via the government’s flagship small business lending scheme has fallen to a record low, says Funding Options, the online business finance marketplace.

11 February 2019

UK bank lending to small and medium sized retail businesses has fallen by 4% in the last year, to £14.9 billion, from £15.6 billion the year before, shows new research from Funding Options.

7 February 2019

Business finance marketplace Funding Options has launched a partnership with Caxton FX for its market leading prepaid Business Currency Card to help UK small businesses better manage their finances when overseas for business trips, conferences, trade missions and meetings.

6 February 2019

Funding Options today announced that Dean Spencer has joined as their new Sales Director. Dean will be responsible for building and growing the sales function at Funding Options to achieve its growth ambitions by expanding the company’s existing customer base.

4 February 2019

Funding Options is today launching in the Netherlands, in partnership with ING, to help Dutch businesses find the right funding for them.

4 February 2019

Sales of eco-friendly commercial vans in the UK have increased by 21% in the last year alone to 1,523 in 2017/18*, shows new research from Funding Options, the online businesses finance supermarket.

14 January 2019

The Top Government outsourcers took over 6 weeks to pay their suppliers in 2017, which is 11% longer than just two years earlier, shows new research by Funding Options.

29 October 2018

Funding Options announced that Alastair Preacher has joined their team as Chief Product Officer to ramp up their product and scale the company's operations.

15 October 2018

There has been a 45% jump in the number of businesses that have had their assets seized by HMRC, to 2,833 up from 1,953 the year before

24 September 2018

Delays in payments to UK food producers have now increased to 45 days on average, up from 44 days in the previous year, shows research by Funding Options, the online business finance supermarket.

24 September 2018

The Government’s ‘Small Business Commissioner’ has helped just eight small businesses with complaints about late payments from customers.

10 September 2018

The turnover of the UK’s computer games industry has increased by over a third in the last year, rising 34% to £697m, from £522m the previous year, says Funding Options, the online business finance supermarket.

23 July 2018

Funding Options research shows that the turnover of the UK’s Top 100 takeaways has risen 10% in just a year, up to £2.7bn from £2.46bn.

18 June 2018

The payment delay crisis has worsened for small construction businesses in the last year, exacerbated by Carillion, with average waiting time over 42 days

8 May 2018

The number of electric vans on the road has hit a record high, rising to 3,880 at the end of 2017, up 30% from 2,990 in 2016. Figures released exclusively to Funding Options show the total number of electric vans in use has increased almost fivefold in under a decade, up 460% from just 685 in 2008.

23 April 2018

Nearly £200m lent to bridge cashflow troughs, follows confirmation by several high-profile restaurant chains of plans to close branches in order to reduce losses

3 April 2018

Over £500m lent by construction bosses to their own companies last year to cover cashflow shortfalls

19 February 2018

HMRC's recent refusal to accept personal credit card payments for tax bills likely to exacerbate situation

5 February 2018

Late payments from customers mean VAT can cripple small businesses's cashflow

15 January 2018

UK businesses currently owe HMRC £4.37 billion in overdue corporation tax and VAT as many struggle to find the cash to pay their tax bills

2 January 2018

Top 100 farming businesses see revenue fall by 3% in past year

7 December 2017

HMRC seized assets from 1,953 businesses in 2016/17 as they use increasingly aggressive methods to obtain tax

27 November 2017

Hard hit businesses in the construction sector are continuing to suffer from steadily increasing delays for their invoices to be paid

20 November 2017

The turnover of independent craft gin and vodka distillers in the UK has more than doubled in the past five years, driven by the surging demand for artisan spirits

3 November 2017

We welcome FCA plans to allow more SMEs access to the Financial Ombudsman Service (FOS)

23 October 2017

Online and multiplayer gaming drives performance surge, and tax reliefs designed to aid investment have played key role

11 September 2017

Top 30 UK craft brewers pass £125m turnover, with no slowing of the craft beer industry since 2011/12

21 August 2017

The number of old vans on UK roads has hit a record high, with business owners forced to sink money into maintaining aging fleets rather than investing in new vans

7 August 2017

The amount of cash that directors of smaller construction businesses pump back into their businesses has jumped 27% in three years

10 July 2017

Turnover of English wine sector more than doubles in just five years, as decline in sterling presents opportunity to tap into export market

19 June 2017

Restaurant owners risked over £200 million of their own money last year, as Brexit has pushed up import prices and staff costs

30 May 2017

Turnover of repairers nears £340m – up over 40% in 5 years

22 May 2017

The top 10 pub groups grow 3.5% in a year, but borrowing by the rest falls as banks reduce exposure

24 April 2017

Accessible funding for SMEs essential for dealing with Brexit challenges

10 March 2017

The Government has received more than a million appeals against business rates since the last rating review in 2010

8 March 2017

The Government has been urged to make four key changes in the March Budget to encourage SMEs to make long-term investment plans for growth

31 January 2017

Annual Investment Allowance forecast to be worth £2.7bn in 2016/17

23 January 2017

Late payments from clients key driver — businesses face having their assets seized by HMRC

9 January 2017

Lack of available bank lending squeezing margins of small housebuilders, while Brexit volatility could further impact their bottom line

20 December 2016

Unpaid sums could rise further post Brexit, and businesses might need to find alternative funding to pay arrears

14 November 2016

37% fall in the value of overdrafts provided to SMEs over the last five years

24 October 2016

Firms waiting average of 56 days for payment from major developers — late payments leave small firms struggling to manage cash flow

10 October 2016

Banks cut lending to wholesalers by £409 million in just two months — extra cost risk could drive up prices for consumer goods

3 October 2016

Dependable vehicles vital in online shopping and app “service” economy boom — unreliability and inefficiency could cost businesses dear

19 September 2016

Hotels invest for likely increase in ‘staycations’ as sterling falls post-Brexit; facing competition from the Airbnb threat

12 September 2016

Value of outstanding debt hits £42.6m last year — up 175% — while demand for specialised funding for tax bills is growing

5 September 2016

Mainstream UK business making up for plunging tax revenues from North Sea oil, showing scope for reducing rate for SMEs

4 August 2016

Brexit Crunch forces Carney's hand

1 August 2016

Businesses look to alternative finance to pay tax bills

11 July 2016

Pre-Brexit fall in lending to agricultural sector raises concerns

4 July 2016

The wider trend of withdrawing overdrafts is hitting recruiters especially hard. The value of recruitment firms’ bank overdrafts has fallen by 37% in just five years, as banks are forced to cut their exposure to the sector

23 May 2016

Figures show that at the end of March this year, SMEs were borrowing £12.1 billion in bank overdrafts, compared to nearly £14 billion at the end of September 2014, a fall of 13%

3 May 2016

Boom in artisan cooking techniques driving investment in UK restaurants — value of assets up 14% in a year

21 March 2016

Developers can’t access bridging loans to get projects started — a shortfall that is contributing to the housing crisis.

16 March 2016

Conrad Ford, CEO of Funding Options:“The Bank Referral Scheme is a necessary and positive step forward for UK SMEs declined for finance by their banks.”

7 March 2016

Building on UK FinTech leadership, CMA backs Nesta Challenge Prize to unlock SME lending.

22 February 2016

The UK’s 10 biggest property developers are taking longer than ever to pay sub-contractors, even though they receive payment for their own bills remarkably swiftly — leaving small construction firms struggling to manage their cash-flow.

18 January 2016

Funding Options research reveals large housebuilders' profit margins are back to pre-crunch highs, while smaller firms have been slower to recover

9 November 2015

Northern small businesses are suffering much more aggressive cuts in their bank overdrafts than those based in London, according to research by Funding Options. 55% of Northern SMEs have seen overdrafts reduced or withdrawn in last two years – the 'Northern Powerhouse' is growing slower than the London economy

22 October 2015

Recommendations published today by the Competition and Markets Authority (CMA) on bank lending to SMEs should be introduced to help bridge the small business funding gap, says Funding Options, the online business finance supermarket.

12 October 2015

SMEs grow progressively faster as their ability to borrow increases, shows research from Funding Options, the online business finance supermarket. Funding Options’ research shows that SMEs with access to higher levels of borrowing grew their turnover on average by 15.7% over the last five years, compared with 14% growth for those with no borrowing.

14 September 2015

It is time that more SMEs are allowed to bring their disputes with banks to the Financial Ombudsman Service (FOS), says Funding Options, the online business finance supermarket. The FOS offers a low cost method for very small businesses and consumers to resolve their disputes with banks. As well as being free of charge, the FOS offers a resolution far more quickly than by taking a complaint through the court system.

1 September 2015

Small businesses made 741 complaints to the Financial Ombudsman Service over bank loans and overdrafts last year as banks continue to pull back on lending to SMEs, says Funding Options, the online business finance supermarket. Funding Options says that one of the most common reasons small businesses complain to the ombudsman is the withdrawal of overdrafts by banks without warning. Research by Funding Options reveals that small business overdrafts have been withdrawn by banks at the rate of £5.7 million per day since 2011.

24 August 2015

UK SMEs are now using £76 billion of alternative finance* as banks continue to pull back from lending to smaller businesses, says Funding Options, the online business finance supermarket. Funding Options says that alternative lending to SMEs is now equivalent to 46% of the value of traditional term loans and overdrafts, which have fallen to £163 billion**. That represents a fall of 5% from £172 billion a year ago, and 17% from £197 billion four years ago.

6 July 2015

The amount of lending to SMEs through their overdrafts has fallen by 40% over the last four years from £20.9 billion in April 2011, to £12.5 billion in April this year*, highlighting the growing importance of accessing alternative forms of finance says Funding Options, the online business finance supermarket. Analysis of Bank of England data by Funding Options shows that in the last year alone, the amount of lending to SMEs through their overdrafts has fallen by 11%, from £14.1 billion in April 2014.

29 June 2015

HMRC last year applied to shut down 3,000 businesses to meet unpaid tax bills, highlighting the importance to businesses of being able to access alternative finance for urgent commitments such as tax payments, says Funding Options, the online business finance supermarket. Funding Options adds that in 2014*, the tax authority was successful in gaining court orders to wind up 1,887 businesses over their tax debts, a 4% rise from 1,816 in 2013. After the business is wound-up, HMRC liquidates its assets in order to cover the unpaid tax bills.