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Bank Lending

SMEs still struggle to access growth capital, says BCC

By CreditMan Tuesday, October 29, 2013

Commenting on the latest lending data (Bankstats) from the Bank of England, Dr Adam Marshall, Director of Policy and External Affairs

"It’s good to see overall business lending rise, as this has an impact on business confidence. Yet these new figures show that while large firms have little difficulty tapping debt markets, SMEs – and particular young, fast-growing firms – continue to struggle to access growth capital.

“Both policy-makers and financial institutions need to do more to help fast-growing SMEs access finance. The British Business Bank has a huge role to play here, and should be enhanced with additional capital to help plug the gap.”

Bank of England: http://www.bankofengland.co.uk/statistics/Pages/bankstats/2013/sep13/default.aspx (Table A8.1)