Access to Bank Credit: The Role of Awareness of Government Initiatives for UK SMEs

Raffaella Calabrese (), Claudia Girardone and Mingchen Sun
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Mingchen Sun: University of Essex

Chapter Chapter 2 in Financial Markets, SME Financing and Emerging Economies, 2017, pp 5-20 from Palgrave Macmillan

Abstract: Abstract Due to the vital role that SMEs play in most countries, issues relating specifically to their access to bank credit remain a key concern for both academics and practitioners. To encourage banksBanks to extend lending to SMEsSmall and medium sized enterprises (SMEs) , the UK government has launched several initiatives in the aftermath of the most recent financial crisisCrisis . This chapter utilises the survey data on UK SMEs to investigate the relationship between bank credit availabilityCredit availability and awareness of government initiatives. We find some evidence that (1) SMEs that are aware of Funding for Lending Scheme are less likely to experience overdraft rejections, and (2) SMEs that are aware of the Business Growth FundBusiness Growth Fund or the British Business Bank are less likely to experience loan rejections.

Keywords: SMEsSmall And Medium-sized Enterprises (SMEs); Government Initiatives; banksBanks; Overdraft; Financial crisisCrisis (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-54891-3_2

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DOI: 10.1007/978-3-319-54891-3_2

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