Access to finance and business confidence ‘key to SME growth’


The head of the British Chambers of Commerce (BCC) has demanded that 2014 becomes the year that the government does everything it can to encourage business investment.

BCC director general John Longworth has outlined in his New Year message how he believes ministers can take action to improve the fortunes of small and medium enterprises (SMEs) over the next 12 months.

Among the things he believes needs to be addressed is the issue of business confidence. Mr Longworth noted that firms have to be encouraged to invest in their operations to boost jobs and expand their reach.

Another contentious problem is that of access to finance, which he described as currently being a “structural failure”. He noted that achieving a system where it was easier for SMEs to get hold of funds was crucial if they were to “realise their long-term growth ambitions”.

Do you agree with Mr Longworth’s views? What do you think needs to be done this year to help small businesses?

Posted by the Secret Businessman