Category Archives: Press Release

GLI Finance delight as FundingKnight granted full FCA Authorisation

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 […]

CMA Report : media comment

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 […]

The Launch of the Innovative Finance ISA: media comment

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 […]

The Bank of England Money and Credit Figures: media comment

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 […]

Funding for Lending Scheme latest figures: media comment

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 […]

Bank of England figures: media comment

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 […]

BBA High Street Banking Statistics: media comment

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 […]

HM Treasury introduce the Open Banking Standard: media comment

Commenting on the publication of the Open Banking Working Group report, Louise Beaumont, Head of Public Affairs & Marketing at GLI Finance said: “The creation of an Open Banking Standard would be a major breakthrough by opening up new ways through the use of data to help people and businesses to save, borrow, lend and […]

£20bn lost to UK economy through SME lack of alternative finance awareness

New report published today highlights economic cost of lack of alternative finance awareness Ahead of the Autumn Statement, industry stakeholders call for Government to address concentration risk in credit ecosystem to enable SME growth Chancellor’s Northern Powerhouse at risk as SMEs in North have overdrafts slashed at twice the rate of SMEs in London Lack […]