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Aldermore second largest provider of SME lending in Q4 2015 under the Government’s Funding for Lending Scheme

POSTED: 3rd March 2016
IN: Newsroom
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Figures released by the Bank of England show that Aldermore was the second largest provider of lending to SMEs, amongst participants of the government’s Funding for Lending Scheme (FLS), in the fourth quarter of 2015.

In addition, annual data showed that the Bank was the third largest lender during 2015.

Aldermore’s net new lending to SMEs, as part of the Scheme, in the fourth quarter of 2015 was £157 million. This continues the Bank’s sustained lending growth to UK SMEs, with the bank having lent a total of £421 million through the FLS in 2015.

Commenting on the figures, Carl D'Ammassa, Group Managing Director - Business Finance, Aldermore said:

“The latest Funding for Lending Scheme data highlights our commitment to helping small and medium-sized businesses to grow and demonstrates the importance of newer lenders in financial services.

While the borrowing environment for small and medium-sized businesses is definitely improving, a ‘perception gap’ remains with many believing that providers will not be willing to support their aspirations. We know how important SMEs are to the continuing economic recovery and it is imperative that banks focus on providing flexible finance, as well as wider support in the form of understanding individual business needs and offering good customer service.

 

**Ends**

 

For further enquiries, journalists can contact:

 

Niamh Baker-Loughlin, Cicero Group

Phone:             020 7947 5321

Mobile:            07500 869 483

Email:              Niamh.Baker-Loughlin@cicero-group.com

 

Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

  • Business
  • SME
  • Press Release

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