The Bank of England has today released a report on finance for small businesses in deprived communities. This report is intended as the first in a series of assessments of the provision of finance to businesses in small communities
The report’s key findings are that banks currently lend over Ј1.5 billion to small businesses in deprived areas, although the margins on such loans in these areas tend to be rather higher than in the UK as a whole, reflecting a higher assessed level of risk.
