Tag SME lending


UK: Sharp drop in bank lending

UK: Sharp drop in bank lending

The Bank of England announced last week that their figures for April showed lending figures dropping sharply in the biggest fall since December. Business lending was down £3 billion and small business lending was down by £660 million. These figures are particularly disappointing for small businesses because the government are supposed to be doing everything…

UK: Bank of England lending scheme to continue

UK: Bank of England lending scheme to continue

The much maligned Funding for Lending Scheme (FLS) that began last August in the UK under the guidance of the Bank of England was due to end in January 2014, but today it was announced that it would be extended by another year until 2015. The Bank of England has come under fire since the…

UK Economy in “Fragile Recovery”

The UK economy grew by 0.5% in Q1 of 2011 – apparently reducing the risk of a double-dip recession. Different sectors have grown at different speeds, the manufacturing sector is doing very well, while others are struggling to make any gains. Bank lending to the SME sector has fallen again, which makes you wonder. Manufacturing…

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