Monday saw the launch of a national mentoring scheme with an aim towards educating small business owners on the requirements for getting bank finance. Backed by the British Bankers’ Association, The Prince’s Trust and others it is the latest in a series of plans to try and create meaningful change within the area of access to finance.

Somewhere in the region of 200 current and former bank managers will initially be made a ready resource for small businesses. The hope is to guide company owners through the processes involved in applying for a loan. It is the government's hope that these bank-sponsored, trained mentors will form the core of a much larger network of support. This is in response to the closure of its Business Link advice centres which are set to conclude this autumn.