/, Industry News/British SMEs net £15m through alternative finance

British SMEs net £15m through alternative finance

Small businesses rejected by high street lenders have been able to source more than £15m through the government-mandated Bank Referral Scheme since the scheme was launched in November 2015.

Figures released this morning (31 August) showed in the last 12 months, 670 businesses raised more than £12m of funding through the scheme, four times the amount raised in the previous year.

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