Patrons of the NACFB have echoed Business Lending’s continued call for greater government intervention to ensure funding finds its way to SMEs.
Attended by approximately 120 NACFB members along with patrons made up of lenders and other product providers, the NACFB Patrons Day in London on 1 July, the clear message that came across was the lack of funding being provided by banks to the SME sector.
Kevin Cooke , director of Business Lending, said: “We have been highlighting the acute shortage of funding to reach the private sector for over a year now. The government seems happy to ignore the real evidence and listen to the assurances of the banks that they are lending again to the SME sector