The Institute of Directors welcomes this opportunity to respond to the Committee’s call for evidence into the financing landscape for the UK’s firms.

This issue has been consistently high on the agenda for IoD members, who have struggled to achieve the levels of finance that they enjoyed before the 2007/08 financial crisis. While the last few years have seen many of the constraints around accessing finance ease somewhat, SMEs’ access continues to lag that of their counterparts at the larger end of the size spectrum.

Although the problem of small business financing is not new, there is now real opportunity to broaden the options available to these businesses. Policymakers should welcome this new landscape.

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