NLGS Not Enough – As If We Didn’t Know!

According to a new report by the Treasury Committee, the National Loan Guarantee Scheme (NLGS) might not be enough to help small firms access credit required. The report posits that the scheme “was not designed to solve the problem that many SMEs who may be reasonable credit risks are unable to access bank funding at all in the current unusual market conditions.” The committee strongly recommends that the Government do more to promote competition among the banks to help improve the flow of credit to SMEs.

The Treasury Committee Report.

MGBA

martin.parry@mgba.co.uk

 

 

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