Once upon a time, Britain was a great manufacturing nation. That’s the perception – was. While it’s true that manufacturing makes up a smaller proportion of GDP – 11%, down from about a quarter in the 1970s – what it does, it’s still world class at.
Small business growth opportunities are being stymied through lack of capital, research has found . This is exacerbated because many businesses feel they are unlikely to get a loan to fund their growth plans.
By opening up new flows of capital to UK SMEs, alternative finance is playing an important part in helping UK talent drive improved economic growth. Read our paper on why the UK should care about finding alternatives to traditional bank funding, the benefits to businesses and the future of funding