The last couple of weeks has seen some mixed data being released when it comes to raising finance from the banking sector.
A couple of weeks ago, the Business Growth Fund was launched with a pot of £2.5 billion of new funding available, although the monies are targeted towards businesses turning over between £10-100 million. (For details of this article click here)
This is certainly very positive for businesses who have these turnover levels that are looking to grow, but many small/medium sized businesses dream of getting there. They need finance to help facilitate that growth in order to get to these turnover levels.
Last week saw the release of the banks lending figures to small and medium sized businesses, which appear to be falling short of those set out between the banks and the government under Project Merlin.
