Smaller businesses play an essential role in the UK economy, but do not have access to the same range of funding options as their larger counterparts.
Access to affordable credit is essential if businesses are to invest, grow and make their important contribution to supporting the economic recovery.
The Government has taken significant steps to increase the availability of finance for businesses as announced in the Autumn Statement 2011 and Budget 2012 including;
- Funding for Lending Scheme (FLS) to provide incentives to banks to boost their lending to households and businesses; and
- Business Finance Partnership (BFP) to stimulate non-bank lending to mid-size and small businesses.
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