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22 August 2009

BUSINESSES NOT AWARE OF FUNDING

Most small business heads are unaware of the government’s main financial schemes to raise finance and help them survive the recession*. The study asked senior managers from more than 2,000 companies whether they had heard of either the ENTERPRISE FINANCE GUARANTEE SCHEME, WORKING CAPITAL SCHEME OR THE CAPITAL ENTERPRISE FUND.

Although these three schemes have all been developed by the government to help small businesses 56 per cent of respondents had not heard of any of them!

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* FT Weekend 22nd August 2009 – Study by the Asset Based Finance Association