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Parity explained through our first Birmingham transaction Posted on Apr 15, 2019


Parity explained through our first Birmingham transaction Parity is first business credit network within the UK and uses a model that has proven highly successful in Switzerland and Italy. Last Tuesday we had our launch in Brindley Place, Birmingham that was well attended by individuals and organisations from across the region. The event hosted a demonstration of our technology, but also provided guests an outline of how Parity works. We actually had our first transactions between two companies on our platform.

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Launch of Parity in Birmingham Posted on Apr 11, 2019


Launch of Parity in Birmingham UK’s first business credit network launched in the West Midlands Parity hosted its launch event on Tuesday 9th of April at the NatWest Accelerator in Brindley Place, Birmingham. It was well attended by stakeholders from across the West Midlands who were interested in how Parity could help small businesses. We are the first business credit network in the UK and aim to support the regional economy.

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Parity visits the annual Mitzas event in Sardinia and appears on Italian television Posted on Nov 10, 2018


Parity visits the annual Mitzas event in Sardinia and appears on Italian television Parity is a business credit network that provides its users more trade and access to zero interest credit. The company is inspired by Sardex, which was originally set up in Sardinia, Italy in after 2008. In the ten years since Sardex’s initial creation, it has developed into a business credit network that has over 4500 users and had €40million worth of transactions in 2017.

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ART Business Loans - Annual General Meeting Posted on Oct 2, 2018


ART Business Loans - Annual General Meeting Parity Network was honoured to be invited along to the ART Business Loans AGM on Friday 28th September. The event was hosted at the newish iCentrum building on Innovation Birmingham Campus. The event is held every year and brings together members and wider stakeholders of ART Business Loans. The organisation, originally called Aston Reinvestment Trust, is a cooperative that was formed in 1997 with the explicit aim to address the funding gap experienced by small companies in the West Midlands.

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Our talk at the Big Data Corridor Event at Innovation Birmingham Campus Posted on Sep 13, 2018


Our talk at the Big Data Corridor Event at Innovation Birmingham Campus Parity is a business credit network that will provide businesses within the West Midlands with more clients and access to a zero interest credit facility. We have been supported by the Innovation Engine project at Innovation Birmingham, the region’s leading digital and technology community. Yesterday I was given the opportunity to present Parity to a small group of that community to gage the initial reactions.

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West Midlands Combined Authority Social Economy Taskforce Posted on Sep 9, 2018


West Midlands Combined Authority Social Economy Taskforce Parity is developing a business to business mutual credit system that will launch in the West Midlands in 2019. Over the past six months we have been engaging with a wide range of stakeholders within the West Midlands. We have hoped to learn what the environment is like for small businesses, so we can ensure the service we are developing can best meet their needs.

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What is Parity? Posted on May 9, 2018


What is Parity? What is it? Small businesses are the lifeblood of our modern economy. They make up 99% of all businesses in the UK and employ 60% of all workers. Small businesses are usually interested in taking on more clients and delivering more work. Unfortunately many of them find themselves overly reliant on big corporations for the chunk of their work. As seen in the West Midlands with the recent collapse of Carillion; when these fail, small companies and their employees are unduly affected.

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HomeTown Plus and Countercoin - Community Development Programme Posted on May 8, 2018


HomeTown Plus and Countercoin - Community Development Programme Parity is developing a network that will allow small businesses to access zero interest finance and conduct more trade. The approach we are taking applies innovative financial technology within the West Midlands. We have been getting a huge amount of interest from national and international groups that recognise the potential for transacting in this way. This we had a call with Mike Riddell from Hometown Plus in Manchester, UK to discuss the project they are developing within their local business networks.

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BDCR Group SME Lending Report Q4 2017 Posted on Mar 20, 2018


BDCR Group SME Lending Report Q4 2017 The BDCR Quarterly SME Finance Monitor has provided Government and private sector bodies an understanding of the SME credit market since 2011. Over 100,000 interviews with UK small business have now been conducted, at an average of 4500 each quarter. The aim of the reports to allow key interest groups to understand the state of the UK SME lending, UK SME credit and UK SME loans market.

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Chancellor announces measures to address late payments for UK SMEs Posted on Mar 15, 2018


Chancellor announces measures to address late payments for UK SMEs Small businesses are the engine of the UK economy, making up over 90% of all businesses and employing over 60% of all private sector employees. However, small businesses have been often under served by different governments over the past four decades, with politicians focusing on supporting larger businesses. The banking crisis shook confidence in the large banks and a succession of corporate scandals have undermined the wider sectors.

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