The UK lacks the finance structures to support recovery. We need greater competition in the banking sector.
There are only 170 bank branches per million people in the UK, compared to 520 in Germany and 960 in France.
There are growing concerns from the business community that due to government bailouts, takeovers, capitalisations and recapitalisations, the choice of banking services for small businesses has diminished. FSB research in October 2009 showed that 27 per cent of SMEs have seen an increase in existing finance – choice and competition will put a downward pressure on price.
News and Events
Is Your Business Fit for Finance?
The days of easy credit are over. Relationships with banks have changed and businesses need to adapt to effectively negotiate terms to access finance.
We are considering organising an event that will arm businesses with the 'must do's' rather than the 'nice to haves' that business owners need to have in place to facilitate any fruitful discussions with the bank and any funding providers.
Please complete the below form if you think you might attend. Please express your interest prior below.
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Useful links
Small Loans for Business
Small Loans for Business helps people start or grow their business by
providing finance which can be difficult to access from other sources.
Small Loans for Business
The Catapult Growth Fund
£30 million venture capital fund for
established businesses seeking
development finance. For more information call 0870 116 1600 or visit the Catapult website.
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