Treasury finance scheme for small businesses ‘a total failure’

The Times examines concerns around the effectiveness of the Mandatory Bank Referral Scheme, which was designed to help SMEs access alternative finance after being declined by traditional lenders. The article highlights a persistent challenge in the SME finance market: businesses may be redirected after rejection, but often lack the guidance, feedback and support needed to improve their funding readiness. The coverage points to the need for a more effective end-to-end SME finance journey, using better data, clearer feedback and more targeted support to help viable businesses access suitable funding.

Read the full article here.