Financing business

The Bank of England and HM Treasury has announced a 2 year extension to the Funding for Lending Scheme.

SMEs in the communications sector are most likely to consider alternative sources to finance their businesses.

Many small and medium-sized enterprises are not accessing available resources for funding innovation and research and development activities.

Lending to SMEs under the government's Funding for Lending Scheme rose by £500 million in Q2 2015, according to the Bank of England.

Small businesses raised £1.46 billion through the enterprise investment scheme in 2013/14, the highest ever annual amount lent through the scheme, official figures show.

The use of equity finance among small firms has more than doubled over the past 3 years, according to a report by the British Business Bank.

More than three quarters of businesses suffer from late payments, according to research by Bacs.

The Start Up Loan Company has approved 25,000 business loans, the Department for Business, Innovation and Skills has announced.

Almost two thirds of small businesses are predicting business growth in 2015, according to a survey by the Federation of Small Businesses.

Less than a third of small and micro-sized businesses put money into a business savings account, research by Aldermore has found.