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Liberis Provides £1million Funding to UK SMEs Through Sage Pay Business Finance

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Liberis Provides £1million Funding to UK SMEs Through Sage Pay Business Finance

Partnership between Liberis and Sage Pay provides thousands of UK businesses with additional financial support to improve cashflow and overcome the challenge of late payments

 

A collaborative product built by alternative finance provider Liberis and Sage (FTSE: SGE), the market leader in cloud business management solutions – today announced that it has reached a £1million funding milestone.

Sage Pay Business Finance allows businesses to receive finance as an advance of their future credit and debit card sales, with advances ranging between £2,500 and £300,000. A result of the partnership between Liberis and Sage Pay, it has a 77%[1] approval rating since its creation 14 months ago. It now provides vital finance to growing businesses, helping to support the wider UK economy.

The product has successfully advanced an average of £29,000 per business. Whilst eCommerce businesses have shown the greatest appetite for the service, it has also proven popular amongst business in the retail and hospitality sectors where there are seasonal fluctuations in income.

Liberis provides Sage Pay customers with all the smart technology of its Business Cash Advance service. This innovative funding solution is a UK-first, linking repayments directly to each business’ credit and debit card takings. Businesses then only repay when they receive payment from their customers.

James Whittingham, Commercial Director at Liberis, said: “14 months on and we are thrilled to have reached our £1million funding milestone and to have supported many UK ecommerce businesses to reach their next stage of development in the digital space.  Over the next few months, we hope to continue to support the growth of the UK business community by expanding our current capabilities and developing our funding options”.

Business owners can apply for Sage Pay Business Finance online and receive a decision on their application within 24 hours.

By providing simple, flexible and transparent funding, Liberis is on a mission to help UK SMEs achieve their long-term ambitions. To date Liberis has successfully helped over 7,000 small businesses, advanced over £240m in funding[2] and supported over 35,000 jobs in the UK, contributing to the wider UK economy.[3] Liberis is also supported by British Business Investments – the commercial arm of the British Business Bank.

Seamus Smith, EVP of Global Payments and Banking, Sage, said: “The partnership with Liberis to provide Sage Pay Business Finance to our ecommerce customers has seen great growth and supported our customers to better manage their cashflow and invest in their businesses. With less than 40% of small businesses able to get funding from traditional banking channels in their first two years of operating, our strategy to bring alternative finance options to our customers that fits with their business model with simple and accessible methods, is truly bringing our money management vision to life and increasing access to finance for SMEs in the UK.”

Earlier this year, Liberis announced a funding investment of £57.5million to support an estimated 100,000 jobs by 2020. The amount was secured in combined funding from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot, the UK’s leading digital venture builder, and demonstrates Liberis’ long-term aim in supporting UK small businesses through such partnerships.

Rob Straathof, CEO of Liberis, said: “Small businesses are an integral part of the UK economy, yet many still struggle to get much needed financial support from traditional providers. We are constantly looking to provide our customers with the right payment solution that works for their business at a time that is convenient for them and are looking forward to working more closely with Sage Pay to enable this”.

 

[1] As of June 2018

[2] Between 2007-2018

[3] Since 2007, based on surveys on Liberis customers of whether our Liberis funding would help create or safeguard jobs at their companies

[4] Between 2007-2018

[5] Since 2007

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Leumi UK appoints Guy Brocklehurst to property finance team as Relationship Manager 

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Leumi UK appoints Guy Brocklehurst to property finance team as Relationship Manager  1

Multi-specialist bank announces the appointment of Guy Brocklehurst to its property finance team

Guy Brocklehurst has joined London-based Leumi UK as a Relationship Manager in its growing Property Finance team.

Guy Brocklehurst

Guy Brocklehurst

With a wealth of experience in both healthcare and student accommodation financing, Guy will spearhead Leumi UK’s continued growth in these highly active sectors, contributing to the bank’s ambitious 2021 growth plans. Guy will report to Alasdair Houghton, Head of Property Finance.

Guy has spent the past 16 years in front-line banking roles across Bank of Scotland and Santander, where he held senior positions in Healthcare Finance with responsibility for origination and key relationships. Most recently, Guy was a Debt and Business Adviser with ADVSME Limited.

Commenting on the appointment, Alasdair Houghton, Head of Property Finance, says: “Guy is a proven property finance specialist – particularly in the healthcare and student accommodation sectors – and I’m delighted to bring him on board. I’m confident that his expertise and personal motivation will be a tremendous asset to the team as we ramp up our efforts in both of these areas and grow our portfolio as a whole. Guy will be well-placed to guarantee both speed and reliability to our customers, an approach that sits at the core of the bank’s long-lasting partnerships.”

Guy adds: “I am thrilled to be joining Leumi UK’s well-respected property finance team at such an exciting time. I very much look forward to leveraging my sector experience and supporting the bank’s expansion of its portfolio in 2021, while maintaining a reputation for lasting, productive relationships.”

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Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans  

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Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans   2
  • Six in 10 (61%) of 16-25s agree learning ‘on-the-job’ is the best way to get on the jobs ladder in the current environment
  • 59% would rather study a degree subject connected to a profession than one they are good at
  • 59% believe tech sector offers strong career opportunities and is voted most futureproof sector by 16-25s following the pandemic
  • QuickBooks launches free online programming course with Amigoscode to help young people kickstart their tech career

Nearly two thirds (63%) of 16-25s have seen their future educational plans impacted by the pandemic, new research from Intuit QuickBooks1 – the financial software provider – reveals, with the uncertainty caused by COVID-19 driving young people to look for faster and more secure ways to get jobs.

And with more than half a million young people now unemployed – a rise of 35,000 from the previous quarter2 – six in ten (61%) 16-25s agree that learning ‘on-the-job’ is the best way of getting on the careers ladder in the current environment.

With COVID-19 highlighting the importance of more ‘futureproof’ career options, the technology sector has been identified by 16-25s as offering particularly strong career opportunities (59%).

To help young people kickstart their tech career, QuickBooks – home to top UK tech talent – has launched a free online programming course with Amigoscode.

Careers-focused learning takes priority 

If they were to attend university or study for a degree, 59% of 16-25s would rather study a subject connected to a profession than one they’re good at, while nearly a third (31%) would only consider studying for a degree that would help them get a job in a sector that is likely to grow in future.

However, almost half (45%) of 16-25s are now reconsidering attending university at all. A quarter (26%) believe it is now more important to get on the job ladder than get a degree, while 19% don’t want to go to university because they are worried about their safety.

As remote learning becomes the new norm, more than a quarter (28%) of 16-25s now plan to carry out an online university degree (such as those offered by the Open University) instead of physically going to university.

Technology sector is voted most futureproof 

The research reveals 16-25s believe the technology sector is the most futureproof (40%), ranking significantly higher above the second most popular option (construction – 27%).

Almost a fifth (19%) of the 16-25s surveyed already have a career in the technology sector, while 34% are considering it – rising to 38% of those aged 16-19.

Of those who are interested in the sector but are not currently considering it, the biggest barrier is simply not knowing how to get a job in this area (32%), closely followed by having never received any information about the sector from careers advisors etc. (30%). A quarter (25%) don’t think they could afford to undertake the necessary training or qualifications to get a job in the sector.

Ben Brown, Head of Engineering at Intuit QuickBooks, comments: 

“With COVID-19 causing economic uncertainty and driving unemployment levels, young people are increasingly looking for ways to fast-track onto the careers ladder. And getting straight into the tech sector, which has proven to be resilient in the face of the pandemic, is particularly appealing. Technology, after all, is the fuel that has allowed many other sectors to continue operating.

“On-the-job learning is common in the tech sector, but to be a successful candidate, applicants need to demonstrate genuine interest and enthusiasm by having carried out their own independent learning. Employers can enable this by creating opportunities for young people to take part in free training courses and taster sessions, which helps them to gain valuable skills and decide if the sector is for them.

“QuickBooks engineers frequently host and coach participants through Code First Girls sessions – which are aimed at women looking to learn more about programming – and we are thrilled to be partnering with Amigoscode to offer a free programming course.”

Nelson Djalo, Founder of free coding resource Amigoscode and Software Engineer, comments:

“The perception of not having enough knowledge is the main barrier to young people getting into the technology sector. Skills can be built over time – passion, drive and a willingness to learn are the most important qualities to have. People from lots of different backgrounds and interests can get into the sector, and there are a whole host of roles aside from programming and software engineering.

“I offer programming courses and coding tutorials because I believe the sector should be accessible to anyone. I’m pleased to be partnering with QuickBooks to offer a tailormade course for anyone who is interested in getting into the industry and wants to learn more about programming.”

The Amigoscode x QuickBooks course is available here as a video, and here as a playlist. The 2.5 hour course and video playlist covers the basics of programming; the basics of Python and a project task (building a CV). Participants will also build a portfolio which could be the starting point of their tech journey/career.

Watch Nelson’s other tutorials on the Amigoscode YouTube channel here.

Case studies of young QuickBooks software engineers are available on request. 

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Five things to consider when organising a remote work Christmas party

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Five things to consider when organising a remote work Christmas party 3

By Kate Palmer, HR Advice and Consultancy Director at Peninsula

Christmas is usually a time of cheer and celebration, and the perfect way for employers to incorporate this in the workplace is by organising a Christmas party for their staff. However, things will have to be a little different this year due to the ongoing disruption caused by the coronavirus pandemic. While the easiest, and cheapest, option for employers is to not go ahead with their annual festive plans, in the spirit of keeping Christmas alive some may choose to organise a remote party.

There are, however, some important things that employers should be aware of.

  1. The coronavirus pandemic has highlighted the need for employers to keep their employees’ wellbeing in mind, much more than ever before. This is why, even with something that can be considered a ‘treat’ for employees, people who are working carers, have been struggling with work-related stresses, may not want to partake in a Christmas party this year, however well-intentioned it may be on the employer’s part. It is therefore advisable that remote parties should be optional and not constrained to a certain timeframe in which staff must be in attendance.
  2. Employers should ensure that those in attendance do not feel excluded from any activities during the party. For example, if an employee does not drink alcohol and a virtual wine tasting activity makes up the bulk of the event, such a person would not be able to contribute to the fun and may therefore feel left out. Consequently, it may be better for employers to ensure that there is a wide range of activities available that cater to the individuals who are attending.
  3. When attendees and potential attendees, have been established and the activities have been finalised, it is in the best interest of the company to send out emails to them. It should detail what is expected of them at the event and highlight that the same conduct is expected of them at a remote party as it would be at an in-person event. It should also outline that the same disciplinary procedures would apply in a situation where an employee commits a form of misconduct during the event.
  4. Similarly, employees should be made aware that the same grievance produce applies – to ensure that if company rules are broken by an employee or a grievance with the company itself, the affected employee will be able to raise this with the company.
  5. Finally, while employees can use their social media accounts in their own personal time, including at work social gatherings, employers must ensure that the use of social media should be done in a manner that does not adversely affect the company’s reputation.

To conclude, remote parties are the perfect way to ensure that social distancing rules are adhered to and that employees are rewarded for their efforts, there should be a mutual sense of responsibility on the part of the company and its employees.

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