Blind date — matching SMEs with alternative finance providers

The recent Budget announced a raft of proposals, some new, some that we’ve already heard about, to try to improve access to finance, in particular for small and medium-sized enterprises (SMEs). One of the proposals was to launch a consultation on matching SMEs rejected for finance by major banks with alternative lenders. The consultation has now been launched and looks at whether there should be legislation on this and, if so, how it should be dealt with.

The consultation is part of the government’s aim to improve access to finance for SMEs and to increase competition in the sector. According to government figures, at present the largest four banks account for over 80 per cent of UK SMEs’ main banking relationships. It follows on from the December consultation on bank sharing of credit data, aimed at improving access to credit data for challenger banks and alternative finance providers…

Click on the link below to read the rest of the Gateley briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Gateley Plc

  • Abolition of DC short service refunds

    With effect from 1 October 2015, the right to take a short service refund from a defined contribution occupational scheme will be abolished. 

  • Enhanced protection for defendants?

    Being sued is bad, but it’s worse if you are running up substantial costs in defending a claim while in fear that the claimant may not have the means to compensate you if you win.

View more briefings from Gateley Plc

Analysis from The Lawyer

View more analysis from The Lawyer


111 Edmund Street
B3 2HJ

Turnover (£m): 71.70
No. of lawyers: 406