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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]