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Right advice, not more cash now required to improve SME finance


ICAEW Head of Corporate Finance David Petrie comments on the Treasury Select Committee probe into finance for SMEs. He says MPs are “fighting the last war” – access to finance – which is no longer the issue it was 10 years ago. Rather, SMEs need access to better advice on where to turn in a more complex financing market. Mr Petrie says: “While there will always be companies who believe they are deserving of additional funding, often what’s required is the right advice, not more cash. Some of these calls for more investment and intervention are now rather overdone.”

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