BUSINESS REPORT
HSBC UK FUND TO SUPPORT SMES
HSBC UK has launched a £250m lending fund to support small and medium- sized enterprises (SMEs) in Northamptonshire and Milton Keynes, as part of its commitment to help businesses realise their ambitions for growth and navigate Brexit. The Northants Fund is part
of a wider £14bn fund for SMEs across the UK. Since launching the SME Fund in 2014, HSBC has committed more than £60bn to UK SMEs as part of its commitment to help British businesses innovate, evolve and grow. The HSBC UK 2019 Fund
includes increased ring-fenced pots for international businesses and for the agriculture sector. The allocation for
international business has been doubled to £2bn to help companies grow overseas, while the agriculture pot has increased to £1bn from £300m last year. Martin Hanson, regional
director for Business Banking in the Midlands said: “The launch of this year’s fund shows our commitment to support the growth aspirations of SMEs across Northamptonshire and Milton Keynes. “This fund is all about
helping businesses to take new opportunities to grow and we want to reassure them that we’re here to help them achieve their goals.” Amanda Murphy, head of
Commercial Banking at HSBC UK, added: “Our SME Fund will help companies seize new opportunities for growth at home and overseas. “This year’s Fund is part of
a broader range of initiatives that we have in place to support British business as they navigate Brexit in a fast- changing world.”
• Businesses from across Northamptonshire recently attended a seminar designed to help them get ready for a new trading environment which was organised by HSBC, the British Chambers of Commerce, Northamptonshire Chamber and its sister Chamber in Milton Keynes. HSBC offered practical
advice to help businesses to get ready for trading internationally in the future.
HIGH RANKING IN LEGAL 500 GUIDE FOR FIRM
Leading regional law firm Howes Percival has been recommended for 20 different practice areas in the 2020 edition of The Legal 500 – the authoritative guide to the UK’s leading law firms – and awarded top tier ranking in 12 different legal specialisms. Howes Percival achieved top tier
rankings for: Corporate and Commercial, Dispute Resolution – Commercial Litigation, Dispute Resolution – Debt Recovery, Finance – Insolvency and Corporate Recovery, Human Resources – Employment, Human Resources – Health and Safety, Private Client – Agriculture and Estates, Private Client – Tax, Trusts and Probate, Real Estate – Commercial Property, Real Estate – Environment & Planning, Real Estate – Property litigation and Technology, Media and Telecoms – Intellectual Property. In addition, eight further Howes
Percival specialisms are recommended in the guide;
Partner and board member
Geraint Davies said: “This is a another really excellent set of rankings and recommendations and they reflect the hard work put in across the firm by our amazing team. “We’ve brought a lot of new
‘WE’VE
Geraint Davies
BROUGHT A LOT OF NEW FACES INTO THE FIRM IN RECENT YEARS’
Banking and Finance, Charities and Not for Profit, Construction, Family, Education, IT and Telecoms, Media and Entertainment and Social Housing.
The Enterprise Loans team celebrate their 30th anniversary
faces into the firm in recent years and we can see the results coming through now, not only in the strength of the recommendations in this year’s Legal 500, but also in terms of new instructions and growth.” Earlier this year,
Howes Percival reported that turnover exceeded £21m in the financial year ending May 2019, up 5.1% on
the previous year. The firm anticipates by May 2020 it will
have reached its target, set in 2014, to increase turnover from £15m to £25m.
A BLACK-TIE BIRTHDAY BASH
Responsible finance provider Enterprise Loans is celebrating its 30th anniversary in business, having lent more than £25m to SMEs across the East and South East Midlands. Hosting a black-tie event in September, the evening
brought together more than 200 key stakeholders, partners and funders to highlight the impact Enterprise Loans has had on the regions. CEO Quammar Zamman said: “The business first
launched as First Enterprise in 1989 to help the inner- city Nottingham BME community get started in business. And since that time the organisation has developed into so much more and has grown into the leading Responsible Finance Provider in the East Midlands and South East Midlands, supporting a wide range of businesses and entrepreneurs from a number of industries. “Over the years we’re proud to have won several
8 inbusiness DECEMBER 2019/JANUARY 2020
funding streams, such as Start Up Loans, the Creative Quarter Loan Fund and most recently the Midlands Engine Investment Fund, to support this aim. These have enabled us to reach and support even more incredible businesses within the region. “This has culminated into an incredible total of £25m
that has been lent to SMEs and more than 10,000 individuals have been supported to find employment or start-up their own businesses across the East and South East Midlands in the last 30 years.” Enterprise Loans is an ethical finance and business
advice provider which is headquartered in Nottingham with further offices in Leicester, Lincoln and Milton Keynes and covers the entire East and South East Midlands region.
Visit:
www.first-enterprise.co.uk Twitter: @1st_Enterprise
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