A series of quarterly meetings with the Treasury’s director of financial services have begun, with the Funding for Lending scheme, capital requirements and banking surcharges on the agenda.
During the Autumn Statement, George Osborne confirmed the Funding for Lending scheme will be extended exclusively for the next year, with support from the British Business Bank.
A Bank of England survey predicts availability of credit availability to expand by the largest amount since 2010.
One in five SMEs are still seeing their funding applications turned down by high street lenders, with many not even being invited to discuss their funding requirements with their banks.
The government's scheme aimed at increasing bank lending to businesses appears to have failed. But has it benefitted alternative forms of finance?
Despite the FLS, banks and building societies have shrunk their net lending by £300m in the first quarter of the year.
After it was announced at the end of last week that we’d escaped the dreaded "Triple-Dip Recession" with 0.3 per cent growth in the economy, it appears areas of the media have seen it as a good day to bury good news.
Roger Skinner examines whether the government’s extension of the Funding for Lending Scheme to asset based lenders, invoice finance houses and leasing firms will make a difference to the UK's SMEs.
George Osborne has extended the £80bn Funding for Lending scheme ( FLS) for another year but UK business leaders are sceptical that this will boost funding for SMEs.
It sounded like a good idea but the Bank of England's Funding for Lending scheme (FLS), which is intended to boost credit to households and businesses, has yet to deliver the goods.
As the Bank of England published disappointing bank lending figures this week, banks and government claim that the Funding for Lending Scheme will need more time to have an effect.
What funding is available to you? And which is the best option? We help you to find your way through the maze of government initiatives for growing businesses in the UK.