UK economy missing out on vital boost as SMEs stockpile £86bn of ‘dormant cash’ in low or zero-interest accounts
The UK economy is missing out on a vital boost as new research reveals small-and-medium sized businesses (SME) are sitting on £86 billion of dormant cash in accounts paying little or no interest.
Shawbrook Bank wins competitive process to provide UK’s largest tomato supplier with £25m bespoke funding package
APS Group is the UK’s largest tomato supplier, responsible for over 30% of total UK production, providing a range of fresh salad produce to multiple UK retailers.
Shawbrook Bank supports Affiniture Cards Limited with £15m revolving credit facility
Shawbrook Bank has recently supported Affiniture Cards Limited (trading as Diners Club International) with the refinancing of their existing funding arrangements through the provision of a committed senior funding line.
Deepak Parekh joins Shawbrook as the Bank’s focus on SME lending attracts top deal-makers to deliver specialist proposition
Parekh joins Shawbrook’s Midlands Regional Business Centre team, primarily focussing on delivering leveraged finance to SMEs across the Midlands region.
Bolney Wine Estate uncorks ambitious growth plans with £3.5m funding from Shawbrook Bank
Bolney Wine Estate is an award-winning vineyard, winemaker and visitor destination, with ambitions to double wine production by 2022 and further enhance the estate with the addition of a new farm shop by Summer 2020.
Shawbrook Bank provides funding to commercial vehicle specialist, Fast Fit Nationwide, to support their MBO
Shawbrook Bank provides an asset-based lending facility to national supplier of commercial vehicle ply-lining, conversions and accessories, Fast Fit Nationwide. The funding line was delivered to support the latest change in ownership of the company as it undergoes a management buy-out.
Shawbrook Bank powers up green energy supplier to complete one of the largest solar installations without Feed in Tariff contributions
Shawbrook Bank provided a £330k facility for green energy supplier, Olympus Power Ltd to complete one of the largest commercial solar installations in the UK, without any Feed in Tariff funding.
