Sitting on a panel dedicated to the issue of SME access to finance, Ian argued that SMEs needed to be more confident in regards to applying for finance, asserting that businesses shouldn't postpone their pursuit for funding if their initial application is rejected by the bank. Commenting at the event, Ian said:
"There are a lot of businesses out there who don't have the confidence to actually go out and grow the business and invest in the business.
"You mustn't stop if you hit a couple of hurdles at the start of the finance raising process. Outside those four banks there are a large numbers of institutions that can provide finance to small businesses."
Held at the Etihad Stadium in Manchester, the ICAEW SME event saw a number of financial directors from SMEs across the North West gather to listen to talks from leading economists and industry figures. Also speaking at the event was Barry Nightingale, Chief Financial Officer at Betfred and James Zuccollo, economist for think tank Reform.
Aldermore continued its pledge to listen to the opinions and views of SMEs across the country by tweeting the most relevant soundbites from the event. A Storify from the conference is below:
As a bank, Aldermore has continually demonstrated its commitment to small businesses, acting on the feedback from companies across dozens of industries. Indeed, last week Aldermore Lifted the Lid on SME relationships with banks, highlighting the thoughts of company founders and directors throughout the UK.
We're championing British businesses.
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