February 27th, 2020.


Published today, the British Business Bank’s Small Business Finance Markets 2019/20 report highlights significant long-term growth in alternative finance volumes over the last five years, with a 32% increase in asset finance, a 131% increase in equity finance and a 374% increase in marketplace business lending.

The British Business Bank was set up in 2014, with objectives including increasing the supply of finance to smaller businesses where markets don’t work well and helping to create a more diverse finance market.

Five years on, its latest report finds increased diversity across the smaller business finance market with the establishment of a range of new providers, products and platforms contributing to growth in the overall volume of funding accessed. More than half (52%) of smaller businesses that sought finance in 2019 contacted a finance provider outside of the ‘Big Five’ banks.


For the full sotry at british-business-bank.co.uk CLICK HERE.