Access to Finance
There will continue to be turbulence in the banking sector and the financial markets for some time The Banks are required to continue to re-capitalise, peer-to-peer lending is increasing exponentially, the private sector is sitting on cash, and credit continues to be squeezed. For growth to be resumed there will have to be changes. The Chambers have called for the establishment of a Business Bank, similar to those operating in Germany, that will understand industry and SMEs, and whose success will be measured on how much it loans to business.
Our manufacturing members also advise us that raising capital allowances would stimulate investment and growth.
Our International Trade members seek more competitive export finance and trade guarantees