The government has been told that it needs to boost alternative sources of capital, such as private placements of debt and pooled loan funds if it is to be able to plug the shortfall in credit that is being faced by SMEs. This is expected to have risen to around £190bn by 2016. Tim Breedon […]
Tag: business funding for SMEs
Project Merlin is not very magical for SMEs
The agreement worked out between the government and England’s big banks, called Project Merlin, was intended, amongst other changes, to guarantee greater financial support for business, particularly SME’s or small and medium size businesses. With the latest figures released from banks who signed the agreement, it appears that although lending targets have been met in […]