Access to finance and banking services is crucial for small businesses to grow and flourish

Posted On: 
12th July 2018

The responsible finance sector supports an inclusive economy.

Access to finance and banking services is crucial for small businesses to grow and flourish, as small businesses underpin our economy. Responsible finance providers specialise in providing finance to those businesses not able to access their full financial needs from mainstream financial services.

The responsible finance sector supports an inclusive economy, and in 2017 75% of the sector’s lending to small businesses was outside of London. Responsible finance providers, such as DSL Business Finance in Scotland, fill the crucial finance gap for those businesses who no longer have access to banking services following the recent waves of bank branch closures.     

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In 2016/17 the sector lent £67 million to over 5,000 businesses. This finance had tremendous impact across the UK, including helping to create more than 4,200 new businesses and supporting over 8,000 jobs.