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Changes to FLS won't solve SME loan crisis

clock June 10, 2013 14:13 by author Simon Williams
The Bank of England has invested billions in its Funding for Lending Scheme (FLS), launched last summer, so it isn't too surprising Business Secretary Vince Cable didn't want to throw in the towel on the initiative just yet. Despite almost no positive statistics to speak of, particularly with regard to available short term lending for small and med... [More]

British SMEs need to think 'outside the box'

clock May 10, 2013 13:40 by author Simon Williams
Whenever there's a widespread economic crisis, small and medium-sized enterprises always appear to be among the most impacted.That was the case in the United States in the wake of the Great Recession, and the SME sector is only just now recovering. In the United Kingdom, on the other hand, there have been next-to-no signs of improvement.The Bank of... [More]

UK government extends FLS, pins hopes on alternative financiers

clock May 10, 2013 13:25 by author Simon Williams
Last summer, the Bank of England launched the Funding for Lending Scheme (FLS), which offered financial institutions cheap credit for providing funding to businesses and households. While mortgage lending has reported some gains from the FLS, small and medium-sized enterprises (SMEs) appear no better off now than when the initiative began. But that... [More]

Will new Bank of England stimulus make a difference?

clock May 10, 2013 11:57 by author Simon Williams
When the Bank of England launched the Funding for Lending Scheme in June 2011, it hoped to boost the amount of available funding, particularly for consumers and small and medium-sized enterprises (SMEs).So far, that plan has failed, but that hasn't prompted the Bank of England to give up on the FLS just yet. According to recent reports, Governor Me... [More]

Alternative lending can help more SMEs survive, succeed

clock May 10, 2013 11:57 by author Simon Williams
Forget the rising gap between small and big businesses in the United Kingdom - a recent study revealed that there's hardly any middle ground left within the small and medium-sized enterprise (SME) sector. "In every market and economic cycle, there exist winners and losers," said Zurich Director of SME Richard Coleman, according to Real Business. "H... [More]