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19 Mar 2012
A SLEW OF MEASURES should be introduced to open up different financing options for business, according to an industry taskforce.
The Breedon Report, produced after a commission from Vince Cable's business department, recommends improving government communication of its support programmes of financing options.
Further reading
Access to capital markets should be improved for businesses, while a feasibility study should be launched to explore the possibility of an aggregation agency to pool funds to lend to SMEs.
"With government estimating that the finance gap could be between £84bn to £191bn over the next five years, action to improve access to finance can't come a moment too soon," said ICAEW CEO Michael Izza.
"Setting out the scale of the finance gap provides a powerful incentive for Government to make changes, and the report provides some interesting ways to address it in the long term."
CBI director-general John Cridland said that the report represents the scale of the challenge of financing SMEs, and the government must now "drive this agenda forward".
Access the report here.
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Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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