Unique Client Solutions Discusses Business Bank Plans

Sept. 27, 2012 - PRLog -- In plans announced by business secretary Vince Cable in the last few days, the government has set out plans to create a bank with a £1bn fund to help to increase the amount of lending to businesses. Unique Client Solutions understands that the £1bn pledged by the government is hoped to be matched by an equal amount of private sector investment. The bank will operate via existing lenders and is expected to start within 18 months.

As a business specialising in customer acquisitions to a wide range of UK based clients, Unique Client Solutions has been well placed to watch the financial difficulties faced by businesses, particularly of small and medium size, over the past few years. A representative for the company agrees that lending to small businesses has slowed to a trickle, “At Unique Client Solutions we have seen many in our business community around Sheffield and Nottingham struggle in the economic downturn. In particular they have been unable to secure the necessary funds from banks to grow."

Mr Cable has promised to “get behind” successful firms looking to grow and Unique Client Solutions hopes that this is a serious attempt by the government to halt the demise of small businesses. Mr Cable believes that this is the first step to help get the UK out of recession. In his address to the Liberal Democrat Conference he said, “We need a new British Business Bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy.”


Does Unique Client Solutions believe this to be a viable plan? “Any money that is being directed specifically to the growth of SMEs is a step in the right direction. These are very early days but the plans look positive. Mr Cable is right in believing that the governments can sensibly with the right consultation “intervene and support enterprise.” Banks are averse to risk understandably at the moment, we hope that this will help to get funds to successful companies much more easily to help them grow. Business banks like these have already been used with great success in Germany, South Korea and the USA and we’re confident that the same can happen here.”