CCR Magazine

You are here  :Home arrow News arrow Interest rate comment - effect on small business, Made Simple Group
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Interest rate comment - effect on small business, Made Simple Group PDF Print E-mail
Thursday, 04 August 2016
Commenting on the Bank of England’s decision to cut interest rates to 0.25%, Howard Graham, CEO of start-up specialist Made Simple Group, said: “This is welcome news for small businesses and start-ups, who will benefit from cheaper borrowing – vital when you consider that sourcing finance is one of the first hurdles when setting up a new company. Small enterprises, especially those employing just nine people or less, are cornerstones of our economy, accounting for 95% of total UK business and a third of the sector’s employment, yet barriers like funding can act as a deterrent for those just starting out.

“For these companies, the ability to borrow at a lower rate could make a huge difference to their prospects over the next few months. In turn, this could be a shot in the arm for the economy.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197