These are the top stories making the headlines across The Business Magazine website today:

MSP Capital launches lowest bridge rate for two years with £50m tranche

MSP Capital has introduced a £50 million tranche allowing developers to access development exit bridging loans at 0.8% per month, the lowest rate since 2022, to support smoother project completions and transitions.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/msp-capital-launches-lowest-bridge-rate-for-two-years-with-50m-tranche/ 

UK startups have raised £5.4bn in VC funding since January, finds GlobalData

UK startups have raised £5.4 billion in venture capital funding across 497 deals since January 2024, marking a 1.6% year-on-year growth in funding value despite a 17.3% decline in deal volume, according to a GlobalData report.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/uk-startups-have-raised-5-4bn-in-vc-funding-since-january-finds-globaldata/ 

Gloucestershire’s Pennant boosts revenues 13 per cent

Gloucestershire’s Pennant International Group plc reported a 13 percent increase in annual revenues to £15.5 million for 2023, driven by new chairman Ian Dighé's leadership.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/gloucestershires-pennant-boosts-revenues-13-per-cent/