National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 PDF Download

National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 PDF
By:Great Britain: National Audit Office
Published on 2013-11-01 by The Stationery Office

Despite a renewed focus by government on the financing challenges facing small and medium-sized enterprises (SMEs), there is scope for the range of funding initiatives currently in place to work as a more unified programme, according to the National Audit Office. Preparations for the Business Bank, which was publicly launched in October 2013 but will start operating as an independent entity in 2014, prompted the Department for Business, Innovation & Skills (BIS) to re-examine the nature of the finance problems facing SMEs. These include a possible need by SMEs by 2017 for an additional £22 billion over and above the finance available to them. BIS and HM Treasury are able to draw on an increasingly strong body of data to inform decision-making, including Bank of England reports on credit conditions, the SME business barometer and aggregated information from the British Bankers' Association on loan applications and approvals. At present, although BIS and HM Treasury both have teams dealing with 'enterprise' policy, there is no formal research programme joining the Departments with other departments, such as HMRC, with an interest in SMEs. One of the Treasury's priorities is to support the development of new routes to finance for SMEs, while BIS schemes target specific parts of the market. To date, the Departments have not articulated clearly enough what the various schemes are expected to deliver as a programme. The NAO found that BIS-led schemes such as the Enterprise Finance Guarantee and Start-Up Loans provided direct support to around 5,900 firms in 2012-13, and the current schemes are generally performing positively in terms of meeting the largely activity-based success measures set for them. BIS has also taken steps to provide better explanations to SMEs on the options available to them for financing their business, but raising the profile of the help available will be a challenge for the Business Bank.

This Book was ranked at 5 by Google Books for keyword Investing Bonds Business Money.

Book ID of National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724's Books is t0dT9lnSEHkC, Book which was written byGreat Britain: National Audit Officehave ETAG "llZmgLPjVZA"

Book which was published by The Stationery Office since 2013-11-01 have ISBNs, ISBN 13 Code is 9780102986976 and ISBN 10 Code is 0102986975

Reading Mode in Text Status is false and Reading Mode in Image Status is true

Book which have "48 Pages" is Printed at BOOK under CategoryBusiness and Economics

Book was written in en

eBook Version Availability Status at PDF is falseand in ePub is false

Book Preview

Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 PDF Free

Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 Book Free

Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 Free

Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 PDF

Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 Book

How to Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 Book

How to Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724

How to Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 pdf

How to Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724 free

Free Download National Audit Office - Department of Business, Innovation and Skills - HM Treasury: Improving Access to Finance for Small and Medium-Sized Enterprises - HC 724