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News releases

Farming SMEs are bouncing back from the pandemic nearly twice as fast as other industries, with 96% of business owners reporting that their turnover now either matches or exceeds pre-COVID levels.

New research from Paragon Bank revealed that six in ten SMEs are increasing their innovation budget compared to pre-COVID, with more than three quarters of business owners (77%) prioritising this.

Create Homes has secured a £4 million funding package from Paragon Development Finance to support its 23 home development in Pilling, Lancashire.

Paragon Bank has expanded its range of limited-edition buy-to-let mortgages by re-launching two products for Single Self-Contained units. 

Paragon Bank is targeting top-of-the-market positions for its range of fixed rate cash ISAs after it increased rates across four of its products. 

Paragon Development Finance has supported Study Inn with a £17.25m funding package to assist with the development of a 267-bed scheme at Reynard House, Leicester.

Paragon Bank has re-launched two limited edition products for Houses in Multiple Occupation (HMOs) and multi-unit blocks.

CACI data analysed by Paragon Bank  showed that easy access non-ISA savings have grown their market share consistently throughout the last year, and now account for a record 60% of total savings.

Cornwall-based Stephens + Stephens has secured a £16.6m funding package from Paragon to support its prestigious One Pentire scheme, a development of 74 luxury apartments in Fistral Bay, Newquay.

The average number of tenants in rent arrears is at its lowest level for ten years.