B-North has teamed up with County Durham fintech specialist, Growth Capital Ventures (GCV), to announce the fundraise, which is part of a £20m series A fundraising round designed to give B-North the necessary capital to finalise its licence process. Prior to this latest raise, B-North had completed two fundraising rounds worth a combined £6.9…
While serving as founding chairman of the state-owned British Business Bank Ron Emerson got used to hearing sniffy comments about the notion of the UK having an economic development agency. “People said it wasn’t necessary and that it won’t work.” Then came the Covid-19 pandemic and a reappraisal of the agency — indeed, of the idea of state…
Despite a very challenging market backdrop, substantial progress has been made in the second quarter of the year. The bank licence process has been completed, subject only to the completion of capital, which is progressing well.
For many businesses, taking out a loan is one of the biggest decisions there is. Many businesses choose to be supported through the process by going through a broker, who negotiates and arranges loans for a living.