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Budget 12: M&G in running to manage business finance fund

M&G Investment Management is one of seven fund managers that have been shortlisted to manage £700m pot of money to help businesses access non-bank finance.

M&G joins Alcentra, Ares Management, Cairn Capital, Haymarket Financial, Palio Capital and Pricoa Capital to manage the Business Finance Partnership.

An initial investment of up to £700m will be made by the government, with the total fund to reach £1.2 billion.

In the government’s Budget, it announced £100m would be made through non-traditional lending channels to reach smaller businesses which could include peer-to-peer or supply chain financing.



Budget 12: What to expect from today’s Budget

This afternoon, the Chancellor will deliver his third Budget. With much of the direction of travel set out in previous fiscal set pieces, and a fair bit of leaking ahead of the big event, it is not expected to contain many surprises. Here is a round-up of what you can expect to hear as Osborne […]

Hard look at issue of footprints

The FSA is looking at lenders’ use of hard footprints when checking potential borrowers’ credit records. The majority of lenders now use hard footprints when checking credit, which many claim can be damaging as it can be seen by other lenders. When soft footprints are used, only the lender and borrower can see the search. […]

Borrowers caught in a trap

Mortgage advisers are warning that tighter interest-only criteria will trap hundreds of thousands of borrowers and leave them unable to remortgage. This week, Nationwide Building Society cut its maximum loan-to-value ratio for interest-only lending from 75 per cent to 50 per cent. Santander cut its interest-only LTV from 75 per cent to 50 per cent […]


Chelsea’s Woodbridge joins Barclays Wealth

Chelsea Financial Services head of investment products Matthew Woodbridge is leaving to join Barclays Wealth. Last week, revealed Woodbridge, who joined Chelsea in 2000, is leaving on April 5 to join Barclays Wealth as a vice-president. He will be responsible for product development and res-earching tax-efficient vehicles such as venture capital trusts and enterprise […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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