Investment levels are 10 percent below where they were in 2008, according to the Financial Times, and the debate over the causes of the dried-up lending market in the United Kingdom rages on.Businesses are blaming the lack of available funding, banks claim there isn't much demand and nearly everyone holds the failed Funding for Lending Scheme at le...
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In the past, small and medium-sized enterprises (SMEs) relied exclusively on banks and other financial institutions to secure loans. While that worked for awhile, they paid dearly when the recession hit in 2008."Inadequate access to finance for small and medium-sized enterprises is one of the biggest risks to economic recovery," said Vince Cable, t...
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In the United Kingdom, small and medium-sized enterprises' (SMEs) need for funding has reached a dire status. The Bank of England's Funding for Lending Scheme (FLS) has, at least to this point, been a bust, with net lending dropping £2.4 billion year over year."It is pretty clear that the FLS is not living up to expectations," said Michael Sa...
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What little hope remained that the Funding for Lending Scheme (FLS) would revive the British economy has largely flattened in recent weeks, as varying reports have revealed that short term lending by banks has dried up."It is the Bank's drive to raise capital ratios that is holding back lending," said James Barty, author of a recent report by the P...
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When the global recession hit in 2008, small and medium-sized enterprises (SMEs) were among the first to suffer. Banks determined that lending to SMEs represented too big a risk without the potential for receiving huge returns.As with most Western countries, having thriving smaller companies is a key component of success for the British econ...
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