Compared with other European economies the amount of loans being given to small businesses by UK banks is low. In the last few years the number of loan approvals for small to medium-sized enterprises has fallen greatly. Official data that has recently been released shows the need for the government to encourage lending to small […]
Tag: SME bank lending
Banks still not lending enough to SMEs, but of course, it’s not their fault
There is more trouble ahead for the high street banks, as new figures published show that they are falling short in their lending targets to small businesses by billions of pounds. The loan targets had been agreed under ‘Project Merlin’ a controversial pact with the government that was signed back in February after lengthy discussions […]