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UK Government-backed investment bank needed for SB lending

UK Government-backed investment bank needed for SB lending

The Independent reports that a think tank has stated the UK government needs to create an investment bank for SME lending.

Britain should set up a state-backed investment bank to focus on small business lending as part of efforts to tackle poor productivity, a think tank has urged.

A new report by Civitas argues that the creation of a new “national investment bank” will address the “market failure” that has led to a lack of long-term investment in SMEs.

The new lender could be independently financed at no ongoing cost to the taxpayer, Civitas claims, while boosting current low levels of investment and helping to raise productivity.

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