Close Brothers are proud to announce the release of their first SME report, ‘Banking on Growth: Closing the SME Funding Gap’. The report explores the changing needs of UK SMEs and how lenders are meeting these needs.
Adrian Sainsbury, CEO Close Brothers Commercial Division, said:
“SMEs play a huge role in the success of the UK economy. It’s vital that lenders, and the wider market, understand how best to support them – including properly differentiating SMEs according to their size, growth, stage and sector”.
The report illustrates how the growth stage of an SME can determine its financial needs, and explores the peaks and pitfalls of banks and other lenders’ ability to provide specialist support.