The government’s aim is for more UK entrepreneurs, small and medium-sized businesses (SMEs) to be able to access the finance they need to enable greater levels of enterprise, whether expressed through start-up or growth. They are doing this in a number of different ways.
First, they are encouraging all businesses to seek more advice about their finance. In the UK only 25% of small businesses think of themselves as being good at getting external finance. As well as working with the financial advice industry, the government is providing free advice and guidance about growing your business.
Second, the government also makes a number of interventions in financial markets to help increase access to finance to British companies.