Businesses 'need access to finance'

Access to finance continues to be a critical issue when it comes to encouraging businesses to grow, one expert has claimed.

David Frost, director-general of the British Chambers of Commerce, noted that the government is "absolutely right" to try to address the problems currently existing.

He added that the right approach has to be utilised when it comes to companies getting money to grow.

With the economy in the recovery process, Mr Kern observed that he expects to see a rise in interest in finance.

The specialist is calling on banking institutions to be as "transparent as possible" when it comes to this process.

He remarked that it is important the methods do not become "over-centralised, tick box or removed from the front line".

His comments follow on from a new paper released by those in power called 'Financing a Private Sector Recovery', which is designed to tackle the lending barriers currently affecting small and medium-sized enterprises.