Rishi?SunakAnnounces £330 billion?of help for UK businesses. Though a vast package, is offering loans the best way to support SMEs through COVID-19?
New statistics show that banks are hesitant to provide SME funding in some of the UK’s poorest areas.
The entrepreneurial landscape has been transformed by global interconnectivity, new supply chains, dynamic emerging markets and technological innovation. For UK small businesses, taking full advantage of these possibilities and continuing to reach new customers in today’s global economy is vital for growth and ongoing success.
FedEx Express puts up £30,000 in grants to help UK SMEs reach international potential
With the Small Business, Enterprise and Employment Act receiving Royal Assent in March, alternativebusinessfunding.co.uk (ABF) has estimated that the bank referral legislation encompassed in the act could result in £2bn more funding being injected into the SME economy after the first year of implementation.
British Business Bank CEO Keith Morgan makes his argument for funding growth through equity investment, and goes through the various partners the organisation is partnering with to make access easier.
In response to the growing relevance of the British space sector, new funding is being made available to those in the space.