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December, 2013

   ‘Countdown to Christmas’
   ‘Tis the season to recycle
   A Christmas Carol
   All in the Family
   Banking on Food this Christmas
   Charity ‘bridges’ a funding gap
   Charlotte To Fulfil Her Dream, Once Again!
   Christmas Puppy Plea
   College Staff and Students go back to School
   Cusworth homecoming for Wrightson portrait
   Domestic Abuse: Don’t suffer in silence this Christmas
   Don’t Give Thieves a Gift This Christmas
   Doncaster College chosen for Research
   Double celebration for catering service
   Drinkers urged to have a safe and happy Christmas
   Editorial
   Extra Winter Beds for Homeless In Doncaster
   Festive family fun at Museum and Art Gallery
   Festive Free Parking In Bid To Boost Shops
   Festive Warning About Misuse Of Motorbikes
   Festive warning over counterfeit goods
   First Wave Of Marine Protection Welcome
   Food for thought this Christmas
   Great War project given Heritage Lottery Fund support
   Into the Light
   Local Firm up Shortlisted
   Make No Mis-Cake
   Merr-E Christmas
   Miss British Empire Publicity UK
   Mr Grimble’s Christmas Cottage
   Nature and Nebulas
   New energy switching scheme for Doncaster
   NHS Team visit College Students
   Own a piece of Doncaster’s musical history
   Rare Stainforth historical find comes home
   School Admissions
   Sheffield To Be Home To New Business Bank
   Students encouraged to Stay Safe
   Students in Winter Wonderland
   Successful Performers return to College
   Sunday road works in Doncaster town centre
   Tasty Day at University Centre Doncaster
   Time to vote for Britain’s Favourite Market
   Top Marks for Mat as he Scoops Award
   Volunteers Graduate
   YO1 Festival Tickets On Sale
   Yorkshiremania Storms Facebook
   YWP Wins Two More Awards

 
 
 
 
 
Title:Sheffield To Be Home To New Business Bank
Author:Federation of Small Businesses 
ID & Publication:20131211004 ~ The-Villager.co.uk 
Area:Sheffield 
Subject:Business News 
 Federation of Small Businesses (9kb)

The new British Business Bank is to be set up in Sheffield, according to a government announcement, as business secretary Vince Cable pledges another £250m for the project. The Department for business, innovation and skills (BIS) said that the bank would begin with about 100 members of staff, including credit risk analysts. According to BIS, Sheffield was chosen as the department has an unused building, left over from the shrinking Capital for Enterprise programme. However, the bank still does not have approval from the European Commission to begin lending, so is unlikely to be fully operational until autumn next year.

The Regional chairman of the FSB, Gordon Millward, welcomed the news:

‘Our members will welcome this commitment to setting up the Business Bank in Sheffield, which represents the confidence of government in the future success of the city as a key player in the UK’s finance sector. The finance through the Business Bank needs to help very small and start-up businesses who we know find it hard to raise finance through the main high street banks.’

The increase in funding means that the state-backed bank, which is meant to help small businesses access finance, will begin with £1.25bn.

Business secretary Vince Cable insists that the bank will help the UK’s 4.9m small and medium sized firms:

‘It is a new long-term institution which is helping to create more competition in the banking sector and give access to finance to businesses who are currently struggling with high street banks, to get the cash they need to invest in their future growth.’

Last month Cable also announced that Ron Emerson, former group head of wholesale banking at Standard Chartered Bank, would head up the business bank.

If you would like to comment on this or any article e-mail ~ editor@the-villager.co.uk
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Author: 'Federation of Small Businesses'   Area: 'Sheffield'
Title: 'Sheffield To Be Home To New Business Bank'   Category 'Business News'
 
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