Sancus BMS Group has announced the signing of a new funding facility with Honeycomb Investment Trust plc (“HIT”), which is managed by Pollen Street Capital, to expand further the activities of Sancus, the property backed lending business. The funding line comprises a £50 million accordion and revolving credit facility, £20 million of which shall […]
Strategic review results in new name and ownership to consolidate focus and capabilities 17, January 2018 – Funding Knight Limited the specialist peer to peer/marketplace lender has announced a name change to Sancus Funding Limited with immediate effect. The move comes as part of a strategic review of operations by Funding Knight’s owners, GLI […]
GLI Finance delight as FundingKnight granted full FCA Authorisation A milestone in the Group’s ambitious growth plans GLI Finance (GLI) have today announced that their specialist peer to peer/marketplace lender – FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). The business has been operating under interim permissions since 2014, when […]
Commenting on GLI Finance’s response, Dr Louise Beaumont, Head of Public Affairs & Marketing at GLI Finance said: “Our response is driven by our desire to see the success of the alternative finance market as it pertains to SMEs – often called the engine room of the UK economy. The ability of alternative finance to address […]
Commenting on the findings of the CMA report Louise Beaumont, Head of Public Affairs at GLI Finance said: “The Open Bank Working Group was set up in 2015 to develop a roadmap for how technology and innovation could reshape the banking sector. Having sat on that taskforce, I’m delighted to see our recommendations being taken […]
Commenting on the launch of the Innovative Finance ISA, Louise Beaumont, Head of Public Affairs & Marketing at GLI Finance said: “The launch of the Innovative Finance ISA is a watershed moment for the alternative finance industry and is a further indication that the industry is increasingly becoming part of the mainstream financial services sector. The […]
Commenting on the latest Bank of England figures Louise Beaumont, Head of Marketing & Public Affairs at GLI Finance said: “Despite today’s figures from the Bank of England highlighting that overall lending to SMEs grew in February, they conceal the longer term problems that SMEs have faced. Data from Funding Options highlighted that, since 2011, SMEs […]
Commenting on the extension of the Funding for Lending Scheme, Louise Beaumont, Head of Public Affairs & Marketing at GLI Finance said: “The latest figures released today by the Bank of England illustrate that it is clear SMEs still need more support in getting the access to finance that they need to grow. The modest increase […]
Commenting on the latest Bank of England figures Dr Louise Beaumont, Head of Marketing & Public Affairs at GLI Finance said: “Although today’s figures from the Bank of England highlight a modest overall increase in lending to SMEs over the last 12 months, the figures mask the longer term problems that SMEs have faced. Since […]
Commenting on the latest BBA High Street Banking Statistics, Louise Beaumont, Head of Public Affairs at GLI Finance said: The latest figures from the BBA show that borrowing increased in January after a lacklustre December. While this is welcome news, this does not mask the fact that SMEs still continue to face significant challenges in accessing […]