Small Business Funding Takes Priority


E2XLogo

Help for small businesses and better access to funding are high on the political agenda ahead of the Queen's speech this week.

The Telegraph reports that Lord Bilimoria of Chelsea, founder of the Cobra beer company, believes that Britain's banks should be doing much more to help small and medium-sized enterprises.

According to Lord Bilimoria: "It's ironic that banks were able to take huge risks in areas that collapsed but are not willing to take relatively tiny risks with growing small businesses. They should be lending to them far more than they are doing. I hear regularly from small businesses that they are struggling to raise finance. What's ironic is that the Government controls some of our biggest banks but still can't seem to force them to lend to SMEs."

Meanwhile, CityAM reports that E2Exchange, a leading entrepreneurs group, has launched its Growth Britain Manifesto to assist small companies and entrepreneurs capitalise on the UK's strengthening economy. According to the report, SMEs should receive more targeted support with an increase in the NIC employers' credit from £2,000 to £3,000 per year. The group said it welcomes the pro-business measures introduced by the government but believes much more can be done to spur business expansion and increase the pace of economic growth.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
JulyJune
May
April
March
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.