18 December 2015
The Business, Innovation and Skills Committee has launched an
inquiry on access to finance, looking at how the landscape for access to
finance has developed since the end of the financial crisis and the
improvements on finance which Government could make to boost the number
of successful and high-growth businesses.
Chair's comments
Iain Wright MP, Chair of the Business, Innovation and Skills (BIS) Committee said:"After real difficulties during the credit crunch, business access to finance appears, superficially at least, to be back to normal. But small businesses, in particular, still say that access to finance is one of their biggest obstacles to future growth. As a Committee, we want to look at how access to finance has changed since the end of the financial crisis. Among other issues, we will want to examine some of the alternative ways of raising finance, such as crowd-funding and peer-to-peer, and whether they are sufficiently well-regulated and monitored for companies to be confident in utilising them."
Scope of the inquiry
The Committee is seeking evidence on the following points:- How has the landscape for access to finance evolved since the end of the financial crisis?
- What have been the most successful Government policies to assist growing companies access private finance and where is there room for improvement?
- Does the UK have globally competitive markets / suppliers for financing (and debt financing) at 1) seed 2) venture and 3) growth stages? What steps could Government take to strengthen these systems?
- Are alternative methods of raising finance (such as crowd-funding and peer-to-peer) sufficiently well-regulated and monitored for companies to be confident in utilising them?
- What are the main improvements or interventions, in terms of finance, that the Government should make to achieve the objective of increasing the number of successful and high-growth businesses in the private sector?
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