UK SMEs struggling with funding shortfall

According to a survey commissioned by fintech provider Fraedom, UK businesses are struggling to cope with a funding shortfall. The survey found that 52% of UK SMEs are finding it difficult to access funding from banks, while 28% believed the problem has worsened over the past five years. The research also found that investing in technology was a priority among SMEs, with 27% revealing that they would utilise previously loaned cash this way. Meanwhile, just under a third (31%) of respondents stated they would use funds for working capital or cash flow

Global Banking and Finance