Worsening Access To Finance For UK Small Business

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Worsening Access To Finance For UK Small Business

by Stefan Töpfer on Nov 16, 2009

Following on from my interview on CNBC, I came under fire with some criticism for suggesting the banks and the government is failing small business with access to affordable finance.

Today the British Chamber of Commerce announced in its latest monthly report that:

33% of companies said access to finance was more difficult over the last three months, is is up 13% on the previous quarter;
3% reported improved access to finance – a drop from 6% a quarter ago.

This shows how fragile the SME community is in terms of long term planning and business survival – a damning situation for banks and the government alike.

Read on @ British Chamber of Commerce.

This entry was posted on Monday, November 16th, 2009 at 2:51 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “ Worsening Access To Finance For UK Small Business ”

Take Your Company Public In Less Than 10 Days? | Forex Robot

Said on November 17th, 2009 at 5:56 am
[...] THE SMALL BUSINESS BLOG» Blog Archive » Worsening Access To … [...]
Paul

Said on December 2nd, 2009 at 6:12 am
The same problem has also existed in New Zealand with banks and finance companies tightening their belts, making it even harder for SMEs.

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