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SME Business Issues

SME Access to Finance: UK Small Businesses Lack Access to Credit, Skills and Broadband

Britain’s nearly 5m small businesses remain worried about a lack of access to credit, a shortage of skilled workers and poor broadband services, according to a recent article in the Financial Times. UK’s private sector businesses are small and medium-sized enterprises, employing an estimated 14.4m, nearly 60 per cent of the private sector workforce. Their annual turnover is estimated at £1.6tn. Late payments by larger corporations ... Read More »

EU Commission Workshop: Improving Credit Assessment and Information for SMEs in Europe to Facilitate Access to Finance for SME

The EU Commission had invited a diverse group of experts ranging from credit rating, credit information, banking, alternate finance, and capital market participants to discuss whether regulating credit scoring would facilitate access to finance for SMEs i.e. as a tool to advance lending. The workshop was well attended indicating intense interest in this topic.  There were eight BIIA members at ... Read More »