London Met Repository

Improving Finance for UK Small and Medium-Sized Businesses

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Tools

Jackson,, Gavin (2011) Improving Finance for UK Small and Medium-Sized Businesses. Global Policy Institute Policy Report. pp. 2-15.

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Abstract

The GPI industrial policy programme for 2011/2012 is focused on
finding ways to address key restraints to growth faced by industry in
the UK. The aim is to be able to make constructive and well researched
recommendations on measures that will aid UK economic recovery.
Although, not traditionally regarded as an industry sector, small and
medium sized companies (SMEs) play a key role in the economy, and could
potentially play a key role in economic recovery. One important barrier to this
happening is the difficulty many SMEs face in obtaining financial support.
To help understand this problem, GPI has undertaken a short
study outlining the significance of the sector, some of the approaches
to the provision of finance and their shortcomings, and has identified
a number of measures that could lead to improvements.
This study is based upon desk research and refers to published
research carried out in the UK and elsewhere. As a next step, this
report will be discussed with industry representatives with a view
to validating the measures proposed.