Addressing the UK SME funding gap
- On November 25, 2021
- By GrowthInvest Marketing
In this article, Toby Furnivall, CCO of Leasing and Lending, Triple Point, discusses how we can address the funding gap for UK SMEs. Since the financial crisis of 2007-2008, SMEs have continued to feel the squeeze from the lack of financing from mainstream lenders. This has only been exacerbated by the pandemic as bank lending, other than facilities under the various Government-backed loan schemes, has continued to stall. Mid-sized SMEs in particular fall into the ‘missing middle’, they are too big for microfinance initiatives but too small for commercial banks to consider.
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