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Money Week: A helping hand for small businesses

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.

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