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WILL BANKS “PULL UP THE DRAWBRIDGE”​ ON SMALL BUSINESS LENDING?

SMEs are the lifeblood of the UK economy. According to the FSB, at the beginning of 2021, SMEs account for three-fifths of the employment and around half of the turnover in the UK private sector. However, there is a serious concern that banks are “pulling up the drawbridge” on funding for small firms, which might …

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The difference between a scale-up and start-up business

There are various characteristics that distinguish scale-ups from start-up businesses. According to Katka Letzing, co-founder and CEO of Kickstart Innovation, “Scaleups can have a lot of meanings. To us, it is companies that are in the growth stage, usually with funding of late-seed, Series A/B. Start-ups are usually very small and try to validate their …

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