Access to bank credit: The role of awareness of Government initiatives for UK SMEs

Raffaella Calabrese, Claudia Giradone, Mingchen Sun

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review


Due to the vital role that small and medium-sized enterprises (SMEs) play in most countries, issues relating specifically to their access to bank credit remain a key concern for both academics and practitioners. To encourage banks to extend lending to SMEs, the UK government has launched several initiatives in the aftermath of the most recent financial crisis. This chapter utilizes the survey data on UK SMEs to investigate the relationship between bank credit availability and awareness of government initiatives. We find that: (1) SMEs aware of Funding for Lending Scheme are less likely to experience overdraft rejections; and (2) SMEs aware of the Business Growth Fund or the British Business Bank are less likely to be experience loan rejections.
Original languageEnglish
Title of host publicationFinancial Markets, SMEs Financing and Emerging Economies
EditorsGiusi Chesini, Elisa Giaretta, Andrea Paltrinierri
PublisherPalgrave Macmillan
ISBN (Electronic)978-3-319-54891-3
ISBN (Print)978-3-319-54890-6
Publication statusPublished - 2017

Publication series

NamePalgrave Macmillan Studies in Banking and Financial Institutions


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