Thursday October 22, 2020

Bank reform needed for British SME scheme to succeed says expert

British government SME loans scheme success depends on changes to bank lending practices, says expert

30th November, 2011
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A British government plan to help small and medium sized businesses (SMEs) to borrow more from banks to grow their businesses could fail unless banks change their risk assessment procedures or the government accepts more risk, an expert has warned.

British chancellor George Osborne announced a National Loan Guarantee Scheme aimed at lowering the cost of bank loans for SMEs. Under the scheme, the British government will guarantee up to £20 billion-worth of loans by...

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