- The CBI responded to the latest SME Finance Monitor data on business lending for the fourth quarter 2012.

Matthew Fell, CBI Director for Competitive Markets, said:

“It’s good news for growth that more lending applications from small and medium-sized firms are being approved by banks. There are also encouraging signs that businesses are feeling more confident about applying for finance.

“More SMEs now know about the Funding for Lending initiative but the Government must work even harder to improve awareness and access to this, and other finance support, by creating a new one-stop-shop under the Business Bank.â€

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