Yet our research shows 39 per cent of small firms reporting a tougher attitude by their banks on borrowing in the past six months.
Two prerequisites for recovery are government action to remove known barriers to small business growth (such as late payment of debt and red tape) and better relations between banks and small firms. This could be achieved through a written bank/business contract, encouraging more of a two-way relationship, such as Lloyds has just adopted.
D. J. HARROP
The Forum of Private Business
Knutsford, CheshireReuse content