But, despite the poor growth in the UK, we know that companies are desperate to grow; to invest in staff and product. And over the year, we heard the same story from organisations across the country; banks are not providing the access to finance that many SMEs need to grow and prosper.
At Aldermore, 2012 has seen us continue our commitment to SMEs across the United Kingdom; to shake up British banking. We've been championing British businesses with our campaigns and products throughout the year, having been a leading supporter of the successful FairFuel campaign, as well as launching a number of new offers as a result of feedback from our customers.
Listen to Aldermore CEO Phillip Monks talk on the Aldermore philosophy:
In October, we Lifted the Lid on SME relationships with their banks after releasing a ground-breaking piece of research, in association with YouGov. The results, which you can watch below, gave us some crucial insight into what SME owners wanted from their bank and will help contribute to our products in 2013 and beyond.
In 2012, we also celebrated passing the £1 billion milestone in lending to SMEs in the United Kingdom. Speaking at the time, Chancellor of the Exchequer George Osborne commented:
"They are rightly proud of what they have accomplished on SME lending over the last three years, and I hope their support for this important sector will continue to grow strongly."
Listen to Aldermore Deputy CEO Mark Stephens on George Osborne's visit to Aldermore:
At Aldermore, we've spent the year championing our consumers, providing tailored solutions to SMEs across the country. In 2013, we'll be doing more of the same.
Merry Christmas from the Aldermore team.
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