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GreenBank Capital Inc.: Landmark Residential, Retail, Hotel & University Development Within 1 Hour of London to be Led by GreenBank Portfolio Company Substantia

GreenBank Capital Inc.: Landmark Residential, Retail, Hotel & University Development Within 1 Hour of London to be Led by GreenBank Portfolio Company Substantia
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Apex Hotels in 'going concern' warning due to Covid-19 crisis

APEX Hotels has warned the ongoing coronavirus pandemic represents a “material uncertainty” over its ability to continue as a going concern, accounts newly filed at Companies House reveal.
However, the Scottish company, which has 10 four-star hotels located across Edinburgh, Glasgow, Dundee, London and Bath, has declared that it anticipates a “strong recovery in hotel and hospitality operations in the short to medium term as we emerge from the Covid-19 pandemic.”
The hospitality industry began to reopen in Scotland last week (April 26) after being shuttered since Boxing Day under lockdown measures. But while hotels, bars and restaurants are welcoming customers again, the sale of alcohol is currently confined to outdoor areas. Sales of alcohol are expected to be permitted indoors again from May 17. ....

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Homes England and United Trust Bank launch £250m Housing Accelerator Fund

Homes England and United Trust Bank launch £250m Housing Accelerator Fund
A new five-year lending alliance between United Trust Bank and Homes England will provide development finance to SME builders.
From:
16 February 2021
Homes England, the Government’s housing delivery agency and United Trust Bank (UTB), an established specialist lender, have today announced a £250 million fund to support small and medium-sized builders with development finance at up to 70% Loan to Gross Development Value.
The Housing Accelerator Fund will provide construction loans between £1m and £10m.
The alliance will improve access to finance offered to smaller builders and drive the continued diversification of the housing market over the coming years. ....

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