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UK FINANCE RESPONDS TO TREASURY COMMITTEE REPORT ON SME FINANCE
Responding to the Treasury Committee’s report on SME Finance, Stephen Pegge, Director of Commercial Finance, UK Finance, commented:
“Small and medium-sized businesses play a vital role in our economy which the financial services sector is committed to supporting.
“The finance sector has undertaken a number of significant initiatives in recent years to improve standards and promote access to finance for SMEs.
“Banks provided £57 billion of lending to SMEs in 2017 and continue to approve eight in ten applications for finance. Firms who are turned down for a loan can access an independently-monitored appeals process and are offered the chance to be matched up with alternative finance providers.
“However, we recognise that more clearly can and should be done to enhance confidence and ensure SMEs can access the full range of support and guidance they need.
“UK Finance and its members will review this report, alongside other relevant evidence, and continue working constructively with all key stakeholders to deliver the best possible outcome for SMEs.”
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Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking
Trust Travel, a TUI brand, has partnered with Qover to integrate travel protection into the customer booking journey