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MSP Capital's New Low Rates, UK Startups Raise £5.4B, Pennant Intl Reports 13% Revenue Boost
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These are the top stories making the headlines across The Business Magazine website today:
MSP Capital launches lowest bridge rate for two years with £50m tranche
MSP Capital has introduced a £50 million tranche allowing developers to access development exit bridging loans at 0.8% per month, the lowest rate since 2022, to support smoother project completions and transitions.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/msp-capital-launches-lowest-bridge-rate-for-two-years-with-50m-tranche/
UK startups have raised £5.4bn in VC funding since January, finds GlobalData
UK startups have raised £5.4 billion in venture capital funding across 497 deals since January 2024, marking a 1.6% year-on-year growth in funding value despite a 17.3% decline in deal volume, according to a GlobalData report.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/uk-startups-have-raised-5-4bn-in-vc-funding-since-january-finds-globaldata/
Gloucestershire’s Pennant boosts revenues 13 per cent
Gloucestershire’s Pennant International Group plc reported a 13 percent increase in annual revenues to £15.5 million for 2023, driven by new chairman Ian Dighé's leadership.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/gloucestershires-pennant-boosts-revenues-13-per-cent/
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