SME Finance Charter: banks pledge to support business

October 10, 2019 | SME Finance
Written by FinTech Alliance
SME Finance Charter: banks pledge to support business

A new SME Finance Charter for the UK was published on Wednesday.

In Brief:

  • British banks have reaffirmed their commitment to help SMEs plan for ‘Brexit and beyond’.

  • This was adopted at the first meeting of the new Business Finance Council.

  • The meeting was chaired by Business Secretary Andrea Leadsom and Economic Secretary to the Treasury John Glen.

What does this mean?

As part of an ongoing commitment to diversity finance options and support small business, the SME Finance Charter provides a framework for lenders to set out their own individual commitments.

Read the charter here. 

 

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