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Edward Winterton, UK CEO, Bibby Financial Services comment - British Business Bank PDF Print E-mail
Wednesday, 30 August 2017
Edward Winterton, UK CEO, Bibby Financial Services, comments on the British Business Bank’s announcement of the first wave of its £250m Midlands Engine Investment Fund:   “SMEs need to see the benefit from the Midlands Engine and £120 million of SME debt finance is an important first step. Saying that, more needs to be done for the realities of the Midlands Engine to be realised. Bricks need to be laid and concrete needs to be poured.

“One big void has been the lack of conversation and debate around the Midlands Engine. Our Q2, 2017 SME Confidence Tracker showed that 66% of SMEs countrywide have not heard of the Midlands Engine, with 51% of SMEs in the West Midlands and 56% of SMEs in the East Midlands being unaware of the initiative or how it could benefit them. SMEs need to be shown how they can access this funding, what it can be used for and how it fits into the bigger picture for the development of the Midlands Engine.”

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