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FLA comment on BBB Small Business Finance Markets Report PDF Print E-mail
Tuesday, 20 February 2018
Commenting on the British Business Bank’s (BBB) Small Business Finance Markets Report 2017/18 published today, Simon Goldie, Head of Asset Finance at the FLA, said:   “The 12% growth in asset finance new business that went to SMEs in 2017 demonstrates that leasing and hire purchase are vital sources of funding for these businesses.

“Improving the growth and productivity of smaller businesses is critical to the economy, so we welcome the BBB’s plan to stimulate demand for funding by introducing a new digital information hub in Spring 2018. The knowledge-gap in business funding has persisted for too long, and continues to hamper firms in their search for the right finance product.”

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