Will call for promotion of alternative funding options boost firms using facilities management cost reduction processes?
September 29th 11:55 Cost Management
A number of UK businesses using facilities management cost reduction techniques could be among those encouraged by new calls to promote alternative funding for small companies.
Bibby Financial Services has said that action needs to be taken to promote funding options that are more accessible and flexible for small businesses.
It comes as the organisation said many firms face a "state of limbo" while waiting for something to come of the government's recent Green Paper.
Edward Rimmer, Bibby Financial Services' UK chief executive, said alternatives to bank finance need to be promoted in order to help UK businesses "survive and grow".
"Looming spending cuts are likely to lead to a double-dip in the economy; action is needed on the issue of access to finance for UK businesses from Vince Cable and the government," he commented.
"They need to demand that banks release funds to provide this support, and also help educate businesses on other forms of finance open to them, such as invoice finance."
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