Closing the scale-up gap
10 February 2017
Heidi Scrimgeour of The Telegraph wrote about the UK’s ‘scale-up gap’ yesterday, pointing out that while the UK may be an optimal place to start a business, it lags behind other countries in terms of the number of firms that successfully scale.
This is in large part because companies looking to scale often can't get the funding to do so.
Conrad Ford comments:
“The new bank referral scheme means that firms rejected by their bank for finance are offered alternatives through designated finance platforms, of which Funding Options is one”.
“Another challenge is that many high-growth sectors, such as technology and media, lack physical assets such as machinery to offer as security. Peer-to-peer lending has played a vital role in filling this gap, but the major banks have also launched specialist divisions to lend to their scale-up clients.”
For the full article, take a look here.