New Businesses: Finance
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to inform start-ups about alternative finance, including the use of liquidity, to help promote growth.
Answered by Blair McDougall
The growth of non-bank lenders over the past decade means that over two thirds (68%) of overall SME lending in 2025 came from either challenger and specialist banks or non-bank lenders. Alternative finance options include asset-backed lending, invoice finance and merchant finance. The British Business Bank’s finance hub at https://www.british-business-bank.co.uk/business-guidance has comprehensive information on these options.
The government’s Business Growth Service provides start-ups with information on all aspects of growing a business, including access to finance, and can be accessed at https://www.business.gov.uk or by telephone.
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