Barclays has launched a campaign to boost the confidence of small and medium enterprises, (SMEs) running clinics on borrowing, those in shared offices will be interested to know.
The first of the clinics will be held in Manchester in an attempt to increase lending to the sector after figures from the British Bankers’ Association showed a decrease by ten per cent in the first six months of the year.
Then the clinics are expected to take place across the country, with advice administered on how to make a loan application, an explanation of the process and a chance for business owners to explain the barriers to finance they feel are in place.
Lending to SMEs under the government’s Enterprise Finance Guarantee scheme has plummeted, despite the fact it was supposed to boost lending when it was set up in November 2008.
Anthony Jenkins, retail and business chief executive at Barclays, told the Manchester Evening News: “We are committed to helping revitalise the UK economy which is dependent on small businesses having the confidence to invest and grow. From the top to the bottom of the UK, our lending clinics will take the mystery out of borrowing.”