According to new research from Boost Capital, in key sectors such as retail trade, construction and hospitality, the relative contribution to overall GDP of those sectors has seen stronger decline than in other sectors between the pre-recession year 2007 and 2013. At the same time, lending to SMEs in the UK has contracted by £2.6bn (£41.8bn in 2008 to £39.2bn in 2012) or 6%.
Retail SME growth stunted by lack of funding, claims alternative lender, Boost Capital
More businesses than ever before are looking to Boost Capital for their business financing needs. To learn more about how our UK small business loans work or to explore the business financing options that are available to you, contact us today!