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UK banks set to launch small business fund (Telegraph)

6 October 2010

In Brief:
Britain's biggest banks are planning to launch a multimillion-pound fund to bolster smaller businesses.

Taken from Telegraph.co.uk. Click here to read the article in full.

FRP Advisory comments:

“We welcome the proposals, as small businesses are crying out for equity investments. If the banks are unable or unwilling to lend to ventures, because they do not meet the new strict bank definition of safe lending, then there needs to be a lender who will. The more risky a venture is to support, the greater any potential returns to investors may be – at the moment ideas are not getting off the drawing board because of the lack of liquidity in the market.”

Philip Watkins

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