Banking and investment experts questioned on access to finance
27 June 2016
The Business, Innovation and Skills (BIS) Committee hears from witnesses on bank lending and alternative sources of finance as part of its access to finance inquiry. The session is likely to address issues around the availability of finance and initiatives to diversify sources of finance, in particular for small and medium sized business.
- Watch Parliament TV: Access to finance
- Inquiry: Access to finance
- Business, Innovation and Skills Committee
Tuesday 28 June 2016, Committee Room 6, Palace of Westminster
At 9.30am
Witnesses
- Gareth Oakley, Managing Director, SME Banking, Lloyds Banking Group
- Rishi Khosla, CEO, Oaknorth Bank
- Marcus Stuttard, Head of UK Primary Markets & Head of AIM, London Stock Exchange
- Chris Hulatt, CFO & founder, Octopus Investments
- James Meekings, UK MD & co-founder, Funding Circle
Chair's comment
At the launch of the Access to finance inquiry, Iain Wright MP, Chair of the Business, Innovation and Skills Select Committee, said:
"After real difficulties during the credit crunch, business access to finance appears, superficially at least, to be back to normal. But small businesses, in particular, still say that access to finance is one of their biggest obstacles to future growth. As a Committee, we want to look at how access to finance has changed since the end of the financial crisis. Among other issues, we will want to examine some of the alternative ways of raising finance, such as crowd-funding and peer-to-peer, and whether they are sufficiently well-regulated and monitored for companies to be confident in utilising them."
Further information
Image: iStockphoto