The Royal Bank of Scotland has announced it will use the Treasury's Funding For Lending scheme to boost its Manufacturing Fund. The fund, which was...
As an entrepreneur my relationship with banks is rather straightforward: I use them to achieve my business objectives. They, in turn, profit from my success. Therefore I struggle to understand why the government, as majority owner of RBS and Lloyds Banking Group, doesn't use its relationship to greater effect.
The strategy behind this non-profit organisation not only avoids wasting our landfill sites with those 'was once useful' tools, but Streetbank.com has become so much more than that. People actually have a conversation. They smile. They have cups of tea; like the good old days, when neighbours would chat over their fences and watch out for your cat.
The issue of access to credit among SMEs is a chicken and egg conundrum. Is it a lack of demand or a lack of supply? The Business, Innovations & Skills select committee in Parliament, of which I am a member, has debated this issue with business leaders, bankers and the Secretary of State himself. Are we any the wiser?