05 December 2011

aspect.co.uk on the BBC News

Will Davies, aspect.co.uk MD

On Sunday 27th November, I was interviewed for the BBC Business News on the theme of the Chancellor’s announcement around credit easing. The full clip can be seen by clicking on the following link: http://www.bbc.co.uk/news/business-15908282

We were keen to convey the fact that banks have been restricting funding to small businesses (like ours) for the last couple of years, and now more than ever from our experience. Even for a profitable, cash generative business like aspect.co.uk, we need access to funding for investment and working capital, particularly if we are to realise our ambitious growth plans.

The news that the Chancellor has allowed a policy for increasing the availability of funding from the high street banks is positive. But it is only REALLY good news if it is implemented in the right way and actually results in more lending. We have heard a lot of talk about it but to date nothing has been done to actually enforce a change in the situation. I truly believe that unless small businesses can get the funding they need this recession will go on and on...

Nick Bizley
Managing Director