SOUND ACCOUNTS HELP SMEs IN THE SEARCH FOR FINANCE
November 1st, 2012
BY ROBERT STOKES
SMALL and medium sized enterprises (SMEs) in the European Union (EU) complain they cannot get finance from banks, or not on reasonable terms. Banks counter that there is just not that much demand.
Politicians have responded with schemes to improve the flow of finance to SMEs. In September, for example, the UK government's business secretary Vince Cable announced a plan to set up a state-backed British Business Bank.
Against this background, accountants play increasingly vital roles as SME directors, employees or advisers. ACCA has long argued ...
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