Matthew Fell, CBI Director for Competitive Markets, said:
â€œItâ€™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.
â€œMore 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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