What the FLA told the Treasury23/11/2017
Because of the challenges that SMEs face when seeking funding, the FLA has argued that every local Growth Hub should have a dedicated and trained member of staff available to provide information to businesses on how to access finance (including the preparation of the necessary documents, such as business plans).
The Economic Secretary has told the FLA that the Government is looking at the role of Growth Hubs as part of its expected Industrial Strategy White Paper, and says it will give the Association's suggestions careful consideration.
On the same issue, the FLA held a meeting in Edinburgh at the beginning of November, when the City Council’s Head of Enterprise and Innovation set out his department’s work – some of which could help provide FLA members with opportunities to fund Scottish small businesses.
Simon Goldie said, "Our busy schedule of autumn events included the latest in our series of finance roundtables – this time looking at the relationship between the lessor and intermediary, as well as the potential impact on the market of disintermediation. Our Brexit conference in mid-November explores the UK’s future trading relationship with the EU, and includes the perspectives of FLA members and the view from Brussels.
"Applications are open for the January 2018 intake of students for our Diploma of Asset Finance (DipAF). There are currently over 100 people signed up to this course – demonstrating just how relevant the curriculum is, and the value employers see in it. We hope this success story will continue, with even more candidates taking the opportunity in future to develop their skills in this growing sector."