SMEs in the UK are struggling to secure funding in order to grow, says the government’s Industrial Strategy report. Alternative finance could be one of the solutions. According to a report by the Cambridge Centre for Alternative Finance at Cambridge Judge, the market grew by 43 per cent in 2016, with £4.6bn of funding generated, up from £3.2bn in the previous year. Almost three-quarters of the money went to startups and SMEs.
Read the full article [moneyweek.com]