{"id":7684,"date":"2019-07-29T12:03:29","date_gmt":"2019-07-29T12:03:29","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=7684"},"modified":"2020-02-27T09:01:07","modified_gmt":"2020-02-27T09:01:07","slug":"greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/","title":{"rendered":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City"},"content":{"rendered":"
\"\"
Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City<\/figcaption><\/figure>\n

B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority (GMCA) to help Manchester businesses access much needed debt capital<\/a> quickly and effectively.<\/p>\n

B-North, which is currently in the process of gaining a banking licence, announced the funding during an investor event at King Street Townhouse on the 25th July with guest speaker Andy Burnham, who confirmed the endorsement and its contribution to the northern SME ecosystem.<\/p>\n

Small and medium-sized enterprises (SMEs) make up the vast bulk of the northern UK economy \u2013 according to an IPPR report<\/a> in February 2019, 99.8% of North England businesses have fewer than 250 employees.<\/p>\n

With the funding from the GMCA, B-North will invest further in its cloud-based banking infrastructure and deliver essential lending solutions for regional SMEs through the establishment of its Manchester \u2018Lending Pod\u2019.<\/p>\n

\"\"
B-North launch at King Street Town House, Manchester.<\/figcaption><\/figure>\n

B-North will operate \u2018Lending Pods\u2019 in major cities across the UK, the first of which is in Manchester. Each Pod will contain people experienced in the lending needs of SMEs, including underwriters with discretion to sanction facilities locally and an in-house valuer. All loan applications will be managed locally and customers will have access to the local teams and resource in the B-North head office.<\/p>\n

This highly localised model will allow lending to be made available to SMEs within as little as 10 working days. Currently, with traditional banks, requests for loans are centralised to head office and can take 3-4 months to be delivered.<\/p>\n

Jonathan Thompson, Co-Founder, B-North, said: \u201cTogether with the GMCA, B-North will provide access to essential lending to facilitate the growth of SMEs within the northern economy.<\/em><\/p>\n

\u201cThere are 5.6 million small businesses operating in the UK, comprising 61% of the UK workforce: that\u2019s an integral part of the UK economy, which we anticipate will only increase as the UK\u2019s relationship with the EU evolves and we become more reliant on \u201chome-grown\u201d enterprise. The \u2018Northern Powerhouse\u2019 already contributes significantly and is an essential part of the UK\u2019s identity.\u201d<\/em><\/p>\n

\u201cAt B-North, we will offer tailored cloud-based banking and flexible support through an unrivalled product set, which will allow SMEs to remain competitive in this new era of business.\u201d<\/em><\/p>\n

Mayor of Greater Manchester, Andy Burnham, said: \u201cGreater Manchester is a city-region whose time has come and which is showing great growth and optimism.<\/em><\/p>\n

\u201cIf we\u2019re to build the economy outside of London, we need to improve access to finance for our start-ups, our scale-ups and particularly our SMEs. It\u2019s really encouraging that B-North will focus on these businesses, which often struggle to get bigger investment funding and the money needed to take them to the next level. We have to provide that level of finance as a city-region if we\u2019re to fulfil our economic ambitions, and it\u2019s why the GMCA is so pleased to be investing in B-North.\u201d<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority (GMCA) to help Manchester businesses access much needed debt capital quickly and effectively. B-North, which is currently in the process of gaining a banking licence, announced the funding during an investor event at King Street Townhouse on […]<\/p>\n","protected":false},"author":7,"featured_media":7685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25],"tags":[],"acf":[],"yoast_head":"\nGreater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City\" \/>\n<meta property=\"og:description\" content=\"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T12:03:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-27T09:01:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/07\/manchester.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1220\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City\",\"datePublished\":\"2019-07-29T12:03:29+00:00\",\"dateModified\":\"2020-02-27T09:01:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\"},\"wordCount\":520,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\",\"url\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\",\"name\":\"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City - OpenBusinessCouncil Directory\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/#website\"},\"datePublished\":\"2019-07-29T12:03:29+00:00\",\"dateModified\":\"2020-02-27T09:01:07+00:00\",\"description\":\"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs\",\"breadcrumb\":{\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.footballthink.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.footballthink.com\/#website\",\"url\":\"https:\/\/www.footballthink.com\/\",\"name\":\"OpenBusinessCouncil Directory\",\"description\":\"Openbusinesscouncil\",\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.footballthink.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.footballthink.com\/#organization\",\"name\":\"openbusinesscounsil\",\"url\":\"https:\/\/www.footballthink.com\/\",\"sameAs\":[],\"logo\":{\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\",\"name\":\"Hernaldo Turrillo\",\"description\":\"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.\",\"url\":\"https:\/\/www.footballthink.com\/author\/hturrillo\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo\",\"url\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"contentUrl\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"width\":1161,\"height\":250,\"caption\":\"openbusinesscounsil\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City - OpenBusinessCouncil Directory","description":"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/","og_locale":"en_US","og_type":"article","og_title":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City","og_description":"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs","og_url":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/","og_site_name":"OpenBusinessCouncil Directory","article_published_time":"2019-07-29T12:03:29+00:00","article_modified_time":"2020-02-27T09:01:07+00:00","og_image":[{"width":1220,"height":619,"url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/07\/manchester.jpg","type":"image\/jpeg"}],"author":"Hernaldo Turrillo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hernaldo Turrillo","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#article","isPartOf":{"@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/"},"author":{"name":"Hernaldo Turrillo","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23"},"headline":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City","datePublished":"2019-07-29T12:03:29+00:00","dateModified":"2020-02-27T09:01:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/"},"wordCount":520,"commentCount":0,"publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/","url":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/","name":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City - OpenBusinessCouncil Directory","isPartOf":{"@id":"https:\/\/www.footballthink.com\/#website"},"datePublished":"2019-07-29T12:03:29+00:00","dateModified":"2020-02-27T09:01:07+00:00","description":"B-North, the Manchester-based provider of SME lending for the North, has received funding from Greater Manchester Combined Authority to help SMEs","breadcrumb":{"@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.footballthink.com\/"},{"@type":"ListItem","position":2,"name":"Greater Manchester Combined Authority Commits To B-North To Boost SME Growth In The City"}]},{"@type":"WebSite","@id":"https:\/\/www.footballthink.com\/#website","url":"https:\/\/www.footballthink.com\/","name":"OpenBusinessCouncil Directory","description":"Openbusinesscouncil","publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.footballthink.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.footballthink.com\/#organization","name":"openbusinesscounsil","url":"https:\/\/www.footballthink.com\/","sameAs":[],"logo":{"@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23","name":"Hernaldo Turrillo","description":"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.","url":"https:\/\/www.footballthink.com\/author\/hturrillo\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.footballthink.com\/greater-manchester-combined-authority-commits-to-b-north-to-boost-sme-growth-in-the-city\/#local-main-organization-logo","url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","contentUrl":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","width":1161,"height":250,"caption":"openbusinesscounsil"}]}},"_links":{"self":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/7684"}],"collection":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/comments?post=7684"}],"version-history":[{"count":1,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/7684\/revisions"}],"predecessor-version":[{"id":10613,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/7684\/revisions\/10613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media\/7685"}],"wp:attachment":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media?parent=7684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/categories?post=7684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/tags?post=7684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}