COVID-19 - We are open for business and here to help ->

Translate this site

enzh-CNzh-TW

Covid-19 Update

The welfare of our clients and staff is always a key priority for Raeside Chisholm. In light of the current circumstances, we are continuing to offer a full range of services, but we are working remotely. You can contact us on 0141 248 3456 and one our solicitors will call you back if necessary, or you can contact us by email.”

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.

High Growth Businesses Struggle to Access Finance

High growth businesses can be found right across the UK, but those outside London can find it more difficult to access finance, new research by think tank IPPR has found.

High growth businesses are those with more than ten employees attaining an employee or turnover growth rate of 20% over a period of three years.

The report finds that:

- High-growth businesses, of which there are more than 12,000, are found in all sectors and all regions of the country: in fact, the North East has the highest proportion of high-growth enterprises of all regions, relative to the total number of businesses;

- However, the supply of finance, particularly equity, is extremely regionally imbalanced: the share of equity finance going to businesses in London is more than twice as high as London’s share of high-growth businesses;

- Businesses with growth ambitions are more likely to have their applications for bank lending rejected, and are more likely to be discouraged from applying for loans in the first place, due to the extra perceived risk they face;

- The Government’s Enterprise Investment Scheme and Seed Enterprise Investment Scheme cost £565 million in income tax and capital gains tax relief. The reliefs overwhelmingly benefit businesses in London, which account for just 18% of the business population and 21% of the UK’s high-growth enterprises, yet received 46% of these reliefs.

IPPR is calling on the Government to:

- Give the British Business Bank a specific objective of supporting businesses outside of London to kick start the work of small, high growth firms across the country;

- Review the Enterprise Investment Scheme and Seed Enterprise Investment Scheme to make sure small high growth businesses outside of London, which find it hardest to get finance, benefit.

Contact Us

For expert legal advice on these issues, or other areas of commercial law, then contact our specialist commercial lawyers today.

Cohabitees at Greater Financial Risk, Finds Resear...
Businesses Continue to Face Late Payment Issues

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

29 May 2020
Raeside Chisholm Solicitors News
Estate Agency
Emergency legislation which is aimed at helping some property buyers is expected to pass through the Scottish Parliament this week. ...
29 May 2020
Raeside Chisholm Solicitors News
Estate Agency
According to the March UK House Price Index, house prices in Scotland were firm in the weeks leading up to the Covid19 lockdown.  The average price of a property was £151,856.00 which is an annual increase of 1.5% and 0.4% up on the previous mon...
27 May 2020
Commercial
If you are a company looking for financial assistance during the Covid19 interruption period, we can assist you with your application to the British Business Bank Future Fund, to which you may be eligible to apply. This financial assistance scheme ha...
20 May 2020
Raeside Chisholm Solicitors News
Estate Agency

The Scottish Government are proposing a loan scheme to provide support for private Landlords covering 100% of the rental income from one property. 

18 May 2020
Estate Agency
The Royal Institution of Chartered Surveyors has urged the Scottish Government to give some clarity on restarting the house buying and selling process, including inspections and valuations. The RICS called on the UK Government last month to expl...
15 May 2020
Estate Agency
A research company has compiled a timeline of Coronavirus and Scotland’s property market from the introduction of social distancing measures in mid-March onwards.  This shows that although viewing and valuation requests began to slow from that p...

As featured in

Latest Tweets

Connect with us

Recent Client Comments