Government Response on Small Business Access to Finance

9 Dec

What It Means for SMEs and How Enduro Finance Can Help

The UK Government has published its official response to the Department for Business and Trade’s call for evidence on small business access to finance. The review highlights several long-standing challenges for small and medium sized businesses when trying to secure funding. It also outlines the steps the Government will take to widen financial support and improve the way businesses understand and access finance.

Key Findings from the Government Review

The Government recognises that many small businesses still struggle to identify the right type of finance for their needs. The call for evidence confirmed that the marketplace can feel complex and difficult to navigate, especially for new, fast-growing or smaller firms that lack financial experience.

The review also highlights that traditional lenders can be cautious with younger businesses or those without significant assets. Many viable companies fall outside standard risk criteria, which limits their ability to access growth funding.

The Government intends to address these challenges through a wider package of measures. These include expanding the role of the British Business Bank, increasing the availability of guarantee backed lending, and improving national business support through the new Business Growth Service. The aim is to increase awareness, simplify the customer journey and create more routes to finance for smaller firms.

How Enduro Finance Can Support Businesses in This Landscape

The findings reinforce what many businesses experience every day. Finance is available, but understanding where to go, who to speak to and what lenders require can be difficult. This is exactly where Enduro Finance provides value.

Clear guidance at every step - Many business owners know they need funding but are unsure which type of facility suits their plans. Enduro Finance helps customers understand their options clearly and prepares them for a successful application.

Access to a wide range of specialist lenders:
Where mainstream banks may not be able to assist, Enduro Finance works with a broad panel of funders who understand specialist sectors, younger businesses, asset light companies and firms without long trading histories.
Responsive and flexible support:
The Government’s initiatives will take time to roll out. Enduro Finance already provides the speed, clarity and personalised support that small businesses need when opportunities arise and decisions must be made quickly.
A simple and transparent approach:
The Government response places strong emphasis on clarity, fairness and informed decision making. These principles are central to how we operate. Our role is to make finance accessible, straightforward and properly supported from the first conversation through to completion.

In Summary

The Government has acknowledged the barriers that many small businesses face and has committed to a more supportive funding environment. While these developments are positive, small businesses still need practical help today.

Enduro Finance is here to bridge that gap by offering direct guidance, a broad network of specialist lenders and a service that focuses on clarity, transparency and long term relationships.

If you would like to understand your options or discuss a forthcoming opportunity for your business, our team is ready to help.