Will calls for tighter loan scrutiny boost firms using facilities management?
August 25th 14:13 Cost Management
A number of UK businesses using facilities management cost reduction processes could be among those encouraged by recent calls to increase the scrutiny of bank lending figures.
According to a recent report by the Institute of Chartered Accountants in England and Wales, UK firms are increasingly finding finance more difficult to access.
However, the Forum of Private Businesses has claimed that introducing government-set lending targets is not the answer.
The organisation has claimed the coalition would be better placed to ensure the country's economic recovery and increase the scrutiny of bank lending figures in order to make finance more readily available.
Chris Gorman, a spokesman for the organisation, has said: "Banks have been very restrictive in their lending and when they have been giving loans it has often been at a very high interest rate with excessive demands for security," he said.
"If the banks really don't want to lend they will find ways of getting around the targets and massaging the figures to make it look like they have done."
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