small business news

self-assessment deadline extended

Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

schools must develop entrepreneurs

The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

google targets welsh SMEs

Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.

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RBS lends a helping hand to SMEs

november 2009

The Royal Bank of Scotland (RBS) has announced that it will offer free banking for all start-up enterprises, and is also providing more generous terms for small business borrowing.

The bank is capping loan arrangement fees for SMEs at 1.5%, and overdraft charges for companies with a turnover of £25 million or less will also be capped at 1.5%.

RBS is 70% taxpayer-owned, and there has been anger that a bank that has been granted considerable amounts of public money to continue to keep businesses going through the recession, has not done enough to make credit available to SMEs.

RBS has also announced that it will be making £16 billion available for small businesses in search of finance, on top of the £28.5 billion lent to small companies between January and September this year.

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