Small firms to benefit from alternative funding


A new £110 million funding scheme aimed at boosting sources of alternative finance for small firms who are struggling to obtain credit has been announced by Business Secretary Vince Cable. The Business Finance Partnership (BFP) will enable peer-to-peer and other non-bank lenders to increase the flow of credit to small businesses.

There is more on the BFP at:
http://news.bis.gov.uk/Press-Releases/Small-businesses-offered-110-million-of-new-finance-684c2.aspx

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