Shire Leasing PLC has been accredited to deliver the government-backed Recovery Loan Scheme (RLS) via the British Business Bank (BBB). The accreditation will allow Shire Leasing to offer asset finance solutions (including Sale and Leaseback/Sale and Hire Purchase Back) between £15,000-£200,000 on improved terms, as well as term loans from…
Shire Leasing launches new sustainability partnership with HOME, Manchester’s centre for international contemporary art, theatre, music and film. The 2021/22 sponsorship, which adds to Shire’s existing CSR and environmental improvement initiatives, will be used to fund HOME’s sustainability work, including programming, travel schemes and other green initiatives. Committed to best…
Figures show that more than 1.6 million firms used the government’s emergency loan schemes to keep trading and minimise job losses. The schemes included the Bounce Back Loan Scheme, Coronavirus Large Business Interruption Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Covid Corporate Financing Facility. These schemes have provided…
On 3 March 2021, the Chancellor of the Exchequer announced in the Budget a new enhanced capital allowances regime, to stimulate investment in the economy by providing an increased incentive for UK businesses to invest in plant and machinery through generous rates of relief in the period the expenditure was…
The coronavirus pandemic has tested businesses’ operational resilience, highlighting areas where there is still work to be done as firms try to build further resilience in case of future emergencies and interruptions. With the government warning that another novel pandemic remains a “realistic possibility” before 2030, now is the time to…
The traditional bank lending outlook post-coronavirus remains unclear. Banks are encouraged by the government to favourably consider customer forbearance requests and this is both expensive and disturbing for the banks. In such circumstances, banks tend to limit their future lending, particularly to small businesses that are perceived as higher risk….
Protecting cash flow has been the priority for most businesses amid the coronavirus pandemic. Around 80% of small and medium-sized businesses in the UK have seen revenues decline as a direct impact of the COVID-19 crisis, McKinsey research shows. This has led to a number of capital-related concerns. One in…
It’s been a tough year for manufacturers, just as it has been for so many businesses. Manufacturing output has fallen off a cliff as new orders took a nosedive and existing contracts were deferred or cancelled. But there are signs that things are now starting to stabilise, and optimism among…
Every business lives and dies by its finances. But never before has cash flow been more precarious than it is now, with some businesses seeing sales driven down by as much as 50% throughout 2020/21. While a range of government financial support has been available throughout the coronavirus pandemic, the…
Shire Leasing has launched a time-limited asset finance solution which allows UK businesses to acquire new equipment/assets on a quarterly Finance Lease and defer the first payment until the next quarter; with absolutely no additional or hidden costs. This new facility will further protect their cash flow and allow…
