The government's latest attempt to boost business funding is a new kind of bank. A good idea – but will it hold what it promises?
In an exclusive article for Real Business, Shadow Small Business Minister Toby Perkins explains why the Project Merlin agreement wasn’t worth the paper it was written on.
The Bank of England confirmed today that lending by Britain's top five banks shrank every quarter last year.
It’s like déjà vu all over again. Official Bank of England numbers confirm that while the Project Merlin banks hit their overall lending targets for the second quarter, they fell short in their lending to SMEs.
As expected, the Project Merlin banks’ official results show that lending to SMEs is slightly behind target.
Britain’s five biggest high street banks appear to have beaten their top line Project Merlin targets ??? but loans to small businesses still fall short.
Enterprise Minister Mark Prisk has been accused of spreading “chaos and confusion” over what Project Merlin lending targets the government is monitoring.
Figures released by the Bank of England today show that banks look likely fall short of targets for the amount of lending to SMEs under Project Merlin.
The Business Growth Fund has finally been launched, but is it enough to solve SMEs’ funding woes?
Chancellor George Osborne today announced the details of Project Merlin. Notebooks at the ready, here's what you need to know about Project Merlin.
The government's deal with the banks on lending and pay is unlikely to deliver real extra benefit to business