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Jardine Norton throws a lifeline to UK SMEs through Demica funding partnership
In a strategic partnership aimed at empowering SMEs through improving access to working capital , Demica , a leading provider of working capital solutions , is pleased to announce its collaboration with Jardine Norton , an innovative trade finance company .
Access to trade finance can prove more challenging for SMEs , given their size and limited resources . Jardine Norton supports SMEs by offering alternative funding sources .
Specialising in selective invoice discounting , Jardine Norton primarily serves UK SMEs in various commercial sectors , such as manufacturing , energy and transport , that typically supply large , creditworthy corporate customers . Jardine Norton ’ s role is to finance the invoices directed towards these larger companies , thereby enabling SMEs to secure essential working capital . This process effectively bridges the gap between invoicing and receiving payment , supporting SMEs in maintaining their financial stability and growth .
Jardine Norton aims to more than double the size of its financed portfolio .
Unspent big tech training funds to be used for small business upskilling overhaul
A groundbreaking new skills funding programme ‘ Be the Digital Business ’ was launched to help thousands of small- and medium-sized businesses in England to train people into digital careers .
Data , digital and tech apprenticeship provider , QA , and mentoring provider , Be the Business , have joined forces to deliver the programme , which will offer participating SMEs fully funded training for people to enter new roles in data and AI , cybersecurity and cloud IT , as well as direct access to industry leaders for valuable insight .
Be the Digital Business will use unspent Apprenticeship Levy money from leading household names – including Amazon , Capita , Nationwide and Salesforce – to provide full funding for digital apprenticeship programmes to help SMEs sustainably thrive in the digital economy .
The Apprenticeship Levy is a tax that all employers with a payroll of more than £ 3 million pay . However , many large businesses do not spend the money they are entitled to .
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Penn Elcom launches UK ’ s first flat pack self-storage system as industry tops £ 1.08 billion |
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Penn Elcom , a British steel manufacturer , has launched a DIY self-storage system to allow smaller businesses and individuals to gain access to the booming sector . |
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Called the 3S range , the new groundbreaking system has been developed to allow the user complete flexibility to create any-size unit , in locations that have no pre-existing self-storage capabilities . The self-assembly system , the first of its kind in the UK , is more than 30 % cheaper than pre-made / established units and allows the installer to quickly erect units with minimal tools . |
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Penn Elcom ’ s 3S range will allow businesses or individuals to rapidly transform spaces into self-storage units at speed and scale , with significant financial returns . |
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Penn Elcom ’ s announcement comes at a time when the UK self-storage continues to rocket as demand increases year-on-year . Turnover for the industry reached £ 1.08 billion for 2023 , according to figures obtained by Penn Elcom from the Self-Storage Association . |
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