There is a sea of government finance schemes for businesses in the UK. This year, plans for new initiatives were introduced by the coalition government and (more or less) reinforced with the recent Autumn Statement.
The latest attempt was David Cameron’s Supply Chain Finance scheme, which was proceeded by The Regional Growth Fund and Vince Cable’s Business Bank.
But whether the schemes actually are what UK businesses need to feed their hunger for growth (or in some cases, mere survival) is another matter. What we do know is that business lending fell by nearly five per cent last year to £429bn according to the Ernst & Young Item Club – this is the fourth consecutive annual drop.
What does the UK need to really boost business funding? More schemes? Or, on the contrary, a less confusing funding landscape? Take this month’s Real Business poll and tell us what you think.
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