independent

Saturday 19 April 2014

More than 95pc of SMEs say Government failing to do enough to help businesses

Just 4pc of owners of small and medium-sized companies think the Government is supporting the sector.

Business owners and managers think new finance schemes brought in by the Government are not helped their businesses, according to a survey by business lender Close Brothers.







The findings are from a survey by specialist lender Close Brothers. Eighty eight percent of business owners believe more could be done to get credit flowing. Most say initiatives such as the Strategic Consultancy Grant and Acumen Programme are not working.







The lack of credit flowing to SMEs has been hotly debated in recent months. Banks say they are willing to lend and blame low demand from businesses. Business leaders and politicians say the banks could do more.







The Close Brothers Business Barometer found that 40pc of businesses plan to raise finance over the next 12 months, most say they plan to do through bank loans or overdrafts.



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