Monarchy is more useful to British business than the Olympics

POSTED: 11th December 2012
IN: Newsroom

Research undertaken by British challenger bank, Aldermore shows that although nearly two-thirds (62%) of SMEs agree that the Olympics were beneficial for British business, 87% say that the Royal Family do a good job helping business and are therefore more useful.

What's more, 73% disagree with the statement that the money spent on monarchy would be better spent on generating jobs.

The research, which was conducted amongst 300 SME firms throughout the country, also confirms that nearly half (48%) of all business owners are working harder and just over a third (35%) are taking less holiday than they did three years ago. A third (33%) of respondents also said they generally work at least one day each weekend.

George Ashworth, Managing Director of Aldermore Asset Finance said: "It isn't just the Royal Family who are working hard to support Great Britain, but also the thousands of business owners running small and medium sized businesses across the country.

"The difficult economic climate means that British bosses are giving it their all to keep their companies moving in the right direction. And they are clearly appreciative of anyone - the Queen included - who gives businesses a helping hand."

Established in 2009, Aldermore has lent more than £1 billion to 12,000 SME customers throughout the UK and has increased its client base by 52% in the past year whilst many other banks have been scaling back their SME loan books. Aldermore can help SMEs requiring funding of up to £10 million with a range of competitive finance facilities which are supported by a reliable, high quality service.

Further information about the services available from Aldermore can be found at


For further information journalists can contact:

Josh Cooper, PR consultant                     Office: 01654 791385               Mobile: 07768 355265

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

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