Taskforce to boost business finance options
Most businesses, especially SMEs, have traditionally been reliant on banks to meet their financing needs. However, in today’s current economic climate and ever increasing credit restrictions, businesses are becoming frustrated by the lack of access to capital. With Britain’s recovery dependant on companies being able to access the finance they need to invest and grow, an Industry Taskforce was recently developed to examine how the finance landscape could be re-shaped to make it better serve the needs of British businesses.
The Taskforce, chaired by Tim Breedon, CEO of Legal & General and Chairman of the Association of British Insurers, was commissioned by the Government to examine a range of alternative and sustainable finance sources, particularly for SMEs.
The Taskforce report is now available. Click here to view.