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Banks will need help from alternative lenders to spark SME sector growth

clock May 7, 2013 16:33 by author Simon Williams
Vince Cable, business secretary of the Bank of England, doesn't seem ready to give up on the Funding for Lending Scheme. Even though it's failed to make any measurable difference for small and medium-sized enterprises (SMEs) since it was launched in June 2011, the BoE is planning to shell out even more to banks to spark the United Kingdom's private... [More]

Peer-to-peer lending: One of many alternative lending methods on the rise

clock April 10, 2013 08:15 by author Simon Williams
Glynoch Community Regeneration, a group of residents in a small town in Wales, was having a hard time securing the £790,000 it needed to build a new community center. The organization had received 94 percent of the necessary funding from the government and other local agencies, but it couldn't quite make that last push.Part of the problem for... [More]

Rise of alternative lenders might be contributing to declines in British bank loans

clock April 5, 2013 12:00 by author Simon Williams
Small and medium-sized enterprise (SME) owners in the United Kingdom might be slowly regaining their confidence, but British banks have had very little to do with that. A recent Bank of England study revealed that since the launch of the Funding for Lending Scheme (FLS), larger firms are having an easier time securing funding from banks, The Wall S... [More]

Consumer lending initiatives may start to fund SMEs

clock April 5, 2013 09:30 by author Simon Williams
The Bank of England recently released survey results that put yet another damper on the already unsuccessful Funding for Lending Scheme (FLS). "The BoE data . . . suggest that credit and housing remain weak, and that despite the FLS, credit availability for small firms remains particularly poor," Michael Saunders, an eco... [More]

Alternative lending will be key for British economy's revival

clock April 4, 2013 07:00 by author Simon Williams
The United Kingdom's small and medium-sized enterprise (SME) sector has suffered from a dilemma familiar to most Western countries during the recession: an extreme lack of available funding. Bank lending to SMEs has all but dried up, despite substantial government initiatives to improve the matter. As a result, Bank of England Governor Mervyn King ... [More]

UK bank lending failures leading to new measures being implemented

clock March 30, 2013 13:15 by author Simon Williams
The British government has been launching an array of initiatives that, if successful, will boost business lending. Most of these programs, including a recent investment of some £30 million to alternative short term lenders, have one main goal in mind: breathing life into the small and medium-sized enterprise (SME) sector."A lack of access t... [More]

Small business owner confidence growing in UK

clock March 29, 2013 12:00 by author Simon Williams
Small businesses in the United Kingdom are more confident than they've been in awhile, according to a recent study from the Federation of Small Businesses (FSB), and that's nothing but good news for the British economy. "Confidence is key to recovery and I am heartened to see that more small firms are planning to invest," said Andy Willox, the FSB'... [More]

Peer-to-Peer lending schemes gaining popularity in UK

clock March 27, 2013 10:45 by author Simon Williams
By now, small and medium-sized enterprise (SME) owners are aware that United Kingdom government initiatives to spark lending have largely been a failure. But the news isn't all bad - as bank lending has dried up, companies are being forced to look into different sources for funding, which has sparked the growth of alternative short term lending. Ca... [More]