Home > Uncategorized > Collapse of lending to SMEs

Collapse of lending to SMEs

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Perhaps this is very much a piece that now relates to the past and its fair to assume that the figures will shortly be taking an upward swing but the decline in lending is quite startling

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 £2.6 billion (£41.8 billion in 2008 to £39.2 billion in 2012)

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