Access to finance remains a critical challenge for small and medium-sized enterprises (SMEs) in the UK. The UK Government has launched a Call for Evidence to better understand these challenges and improve financial access for small businesses. This is a key opportunity for SMEs to shape future policies and ensure their financing needs are met.
Why Your Input Matters
The government seeks insights into:
- Barriers SMEs face when securing finance
- Effectiveness of existing financial support options
- Potential improvements to better support business growth
Your feedback will directly influence future initiatives, ensuring funding mechanisms are more accessible, relevant, and impactful.
Don’t miss this chance to shape the financial landscape for UK businesses—have your say today!
The UK Government’s Call for Evidence on small business access to finance seeks input from SMEs, lenders, and industry experts to better understand and address challenges in obtaining debt finance. The consultation covers several key areas, including:
- Demand for Debt Finance: Exploring the types of debt finance products small businesses seek, their purposes, and any obstacles faced during the application process.
- Alternative Lending and Business Models: Assessing the role of non-traditional lenders and innovative financing models in meeting the needs of small businesses.
- Under-Served Entrepreneurs: Identifying groups that may face additional challenges in accessing finance, such as businesses led by individuals from diverse backgrounds or specific regions.
How to respond
The call for evidence will run for 8 weeks, closing on 8 May 2025.
To respond, email accesstofinance@businessandtrade.gov.uk.
Please refer to the questions provided in the Small business access to finance questions to guide your response.
For more information Small business access to finance – GOV.UK
Your insights will help shape future policies to support small businesses in accessing the finance they need to thrive.
