‘Small businesses will prove worth of Ulster Bank lending scheme’ – Bradley

Posted by
Sunday, September 30th, 2012
SDLP Finance Spokesperson Dominic Bradley has welcomed Ulster Bank’s announcement that they will be signing up to the Bank of England’s Funding for Lending scheme for businesses, but says that the worth of the scheme will be proven by the experience of Small and Medium Enterprises who get finance from them. Speaking to Newry Times, the Newry and Armagh MLA said: “The Funding for Lending Scheme is a positive move by the bank of England to ensure that there is additional finance available to banks for business lending. The need to stimulate our economy and grow our private sector has never been greater and I hope that the positivity shown by the Bank of England is replicated in Ulster Bank’s lending practices. “Those who suffer most at a time of economic downturn are the small and medium-sized enterprises (SMEs) whose margins are smaller and who are often the first to go to the wall, particularly because they frequently struggle to get credit. He added, “The true success or failure of Ulster Bank’s engagement in Funding for Lending will be in how they treat SMEs who come to them for business-related finance. “It behoves Ulster Bank to play their part to stimulate our SME sector by being as positive and forthcoming in their lending practices as small-business owners are in bringing their products to market.”
Both comments and pings are currently closed.

Comments are closed


This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in