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Finance is the missing link in the UK's SME growth strategy

With non-traditional lenders now driving the market, the government must act to break down access barriers and build the ecosystem businesses need to thrive, writes Mike Randall, CEO at Simply.
The article from MSN highlights the critical role of finance in the growth strategy of small and medium-sized enterprises (SMEs) in the UK, emphasizing that despite government initiatives like the British Business Bank and the Help to Grow scheme, access to finance remains a significant barrier. It discusses how SMEs often struggle with cash flow and investment due to limited financial resources, and suggests that the government's current approach lacks a comprehensive strategy to address these financial challenges. The piece calls for a more integrated approach that not only provides funding but also offers financial education and support to help SMEs manage and grow their businesses effectively. It also points out the need for better collaboration between the government, financial institutions, and business support organizations to create a more conducive environment for SME growth.

Read the Full GlobalData Article at:
[ https://www.msn.com/en-us/money/small-business/finance-is-the-missing-link-in-the-uk-s-sme-growth-strategy/ar-AA1GQ4fc ]