Entrepreneur fund to help businesses scale up and grow

The government is providing a new fund to help small businesses grow and develop. The Enterprise Capital Fund is backed by the British Business Bank and has a total investment capacity of £40m. Active Private Equity, which specialises in helping consumer-focused businesses grow their brands and build the infrastructure needed to scale up successfully, will

Company wins breach of contract dispute with bank

An aviation company has won a breach of contract dispute with a bank over a multi-million pound deal to buy an aircraft. The court heard that the company had sought equity investment to finance the purchase and so entered into negotiations with senior bank staff. A commitment letter and a management agreement were drafted and

Government announces more measures to tackle late payment

The government has announced measures to strengthen the Prompt Payment Code and reduce the financial pressure on businesses. The measures are outlined in a letter to signatories of the code from Small Business Minister Margot James, and Philip King, Chief Executive of the Chartered Institute of Credit Management. These are some of the key points:

EU court rules against repeated fixed contracts for permanent work

Hiring employees on repeated fixed-term contracts to carry work of a permanent nature contravenes EU law. That was the decision of the Court of Justice of the European Union (CJEU) in the case of Spanish nurse Maria Elena Pérez López, who was employed by the University Hospital of Madrid. She began working for the hospital

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