10th March 2021
- 0 comments
The British Business Bank has published its Small Business Finance Markets 2020/21 report which highlights a surge in applications for external financial support, including government and local grants, among small and medium sized businesses (SMEs), with almost half (45%) of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. At the same time, gross bank lending (excluding overdrafts) to smaller businesses rose to £104bn in 2020, 82% higher than in 2019, driven by use of the government loan schemes.
...In order to read the full story we need you to be registered with us, please click the links below to login or register.