Lee, Neil 
ORCID: 0000-0002-4138-7163, Sameen, Hiba and Martin, Lloyd
(2013)
Credit and the crisis: access to finance for innovative small firms.
.
Big Innovation Centre, London.
Abstract
Since the 2008 financial crisis there has been a significant tightening in credit conditions and a dramatic reduction in bank lending to small firms. Government policy – such as the new Business Bank – has been focused on addressing this problem. A consensus has emerged that access to finance to small firms is one of the key factors holding back the national economy. Yet only a minority of small firms will actually drive the economic recovery – most small firms have little impact on job creation. In a time of limited resources, government policy needs to prioritise the needs of innovative small firms: firms which bring new products and processes to market and which are more likely to grow. The success of these firms will be vital for the long-term health of the UK economy.
| Item Type: | Monograph (Report) |
|---|---|
| Official URL: | http://www.biginnovationcentre.com |
| Additional Information: | © Big Innovation Centre (The Work Foundation and Lancaster University) |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce H Social Sciences > HG Finance |
| Date Deposited: | 10 Sep 2013 15:58 |
| Last Modified: | 01 Nov 2024 05:05 |
| Funders: | The Work Foundation |
| URI: | http://eprints.lse.ac.uk/id/eprint/52378 |
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