Finance Remains Limited for Company Formation and SME Sector

The lack of finance options available to recently formed companies and small businesses remains the biggest challenge the UK’s economic recovery faces.

A recent report conducted by private investment company ‘Peter Marshall Consultancy’, found that over ninety per cent of all the four hundred small business owners asked said that they have found accessing finance exceptionally difficult.

Oscar Smith, spokesperson for ‘P.M Consultancy’, comments; “ While is seems that the government has finally understood that, as the biggest employer in the UK, the SME sector is integral to the UK’s economic recovery, they still need to address the fact that companies are still finding accessing finance to fund growth or indeed company formation, incredibly challenging.”

The same survey found that while companies are finding obtaining finance from banks challenging, over eighty per cent of respondents stated that they found starting a business and the company formation process easier than ever.