Two thirds of small businesses are confident of a summer boost
More than two thirds of small companies are confident of a boost to their business in the summer if lockdown restrictions are relaxed, research by Recognise reveals. More than three quarters of SMEs in the hospitality sector are confident of a seasonal trading uplift, the most of any sector. The research, comes hot on the […]
Great news from the Chancellor for small businesses
In this year’s Budget, only his second as Chancellor, Rishi Sunak announced a range of small business friendly measures to help the sector recover from the impact of 12 months of trading under coronavirus restrictions. Top amongst the Chancellor’s announcements were an extension of the government’s existing furlough scheme to September and the continuation of […]
SMEs call on the Chancellor to continue financial help
Many small businesses would like to see more support for SMEs in next month’s Budget speech. Next month the Chancellor Rishi Sunak will take to the dispatch box and unveil his latest Budget. Last year was his maiden Budget and the Chancellor announced a package of emergency measures to help tackle the economic impact of […]
Small businesses call for more financial support ahead of the Budget
Nearly half of small businesses in the hospitality and property sectors are calling on Chancellor Rishi Sunak to extend the government’s financial support package for the sector in next month’s Budget as they struggle to stay afloat during continued lockdown restrictions, new research has found. A survey of 500 companies by Recognise, UK’s newest SME […]
Recognise Implements nCino banking platform
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, has announced the go-live of the nCino Bank Operating System® with new SME banking entrant, Recognise, following the granting of its banking license in November 2020. SMEs in the UK supply 60% of jobs in the private sector […]
Adviser market ‘absolutely critical’ to £250m lending target success
Recognise Bank has confirmed it is on course to launch its commercial buy-to-let proposition in the early part of Q2 and said the intermediary market will be ‘absolutely critical’ to its success. The newly authorised bank has set out more of its wider strategic plans which include an “ambitious but realistic target” of building a […]
Recognise completes complex £4million loan in record time
Recognise Bank (“Recognise”), a subsidiary of City of London Group plc (AIM: CIN), and the UK’s newest SME bank, is pleased to announce that it has successfully completed a complex transaction that involved supporting a client with a £4m loan. The £4m loan will be used by a property investment and development firm to complete […]
Working with great brokers, we can truly help Britain’s small businesses grow
In our first blog we explains why brokers will play a vital role in our mission to help the UK’s SMEs thrive 2020 was a tough year for many small businesses, but there is a renewed optimism in the sector as we begin the New Year. This is especially true for us at Recognise as […]
Exclusive launch interview – CEO, Jason Oakley
Following FCA approval of a banking license application in November, SME lender Recognise’s banking operations formally launch this morning with four branches in the City, Manchester, Leeds and the Midlands, as well as an app and online platform. To mark the arrival of Britain’s newest bank, City A.M. sits down with CEO Jason Oakley, a […]
SME bank Recognise opens new Manchester hub as new team appointed
SME bank Recognise has announced the opening of its new Manchester hub, and the team selected to run it. Recognise Financial Services Ltd, a new challenger bank and subsidiary of AIM-listed City of London Group plc, says it partners with leading fintech platforms for its relationship managers to provide a market-leading SME service. It has […]
