Despite widespread cynicism over bank lending to SMEs and the usual moans about VCs not understanding technology businesses, dealflow in Cambridge and the East of England is running at record levels.
BDO’s mega merger with PKF, agreed at the end of 2012, became effective in the spring of 2013 and has changed the balance of power in the regional accountancy world.
With low levels of uncertainty, improved access to finance and greater confidence in the Bank of England’s policies, the UK’s chief financial officers (CFOs) are gearing up for expansion, investment and hiring in 2014, according to the latest Deloitte CFO survey.
Specialist East Anglian cleaning company Monthind has announced the acquisition of two Norfolk businesses, securing 45 jobs in the area.
St John’s Innovation Centre, a hothouse for new business and technology enterprise in the Cambridge UK cluster, has been chosen to lead unprecedented access to finance for East of England businesses.
Cambridge technology strategy consultancy, nu Angle – which troubleshoots for multinationals post M & A – has ramped up its capability to counter common failings of major deals.
Cambridge & Counties Bank has raced past the £100 million lending milestone. The regional, business bank has now lent more than £113 million, comprising more than 250 loans.
As I write this, we still await the detail on many of the business measures, so it is still hard to be certain what impact some of them will have on business. However, I think at this stage we can give a cautious thumbs up.
- Government must produce a future energy policy for UK
- Residential property relief decision a surprise
- ‘Tis the Season to be Mildly Content
- Autumn Statement – Let’s see key tax reliefs continue for manufacturing and hi-tech
- CBI wants stimulus to business growth
- Open University launches finance centre
- Angel takes steak in Cambridge venture
- Cambridge deals top $23bn in seven months
- £50m Cambridge tech superfund to unearth the next ARMs
- Bill Gates backs Cambridge alumna’s $94m health fund
- Exit planning in Cambridge tech spotlight
- Entrepreneurs eye strong growth
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