Access to finance
Ensuring businesses of all sizes are able to generate growth capital is crucial to the UK's economic well-being
Read the CBI's Financing for Growth report >>
'We need raise the level of finance in the economy to support our growth aspirations'
- CBI director-general John Cridland
The CBI's Financing for Growth report calls for action on two fronts. Firstly, it is asking for immediate action to smooth the transition to a “new normal” in banking lending.
And secondly, it emphasises the need to refocus finance so that it is squarely lined up behind the CBI's vision for a rebalanced economy that includes big roles for medium-sized businesses, exporters and increased business investment.
What is the new normal?
Regulatory reform, bank balance sheet restructuring, and a more realistic pricing of risk are shaping a new normal for bank finance. This transition is being exacerbated given the historic reliance on bank finance in the UK, and made bumpier by cyclical pressures from the eurozone.
