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Report claims fast-growing UK SMEs face £15 billion funding shortfall

FOR BUYERS

According to a new report, the UK’s fast-growing small- and medium-sized enterprises could face a funding shortfall of up to £15 billion in 2020, due to the impact of the COVID-19 pandemic on investor funding. The report, entitled “The Future of Growth Capital” and co-authored by think-tank ScaleUp Institute, fintech industry body Innovate Finance and accounting firm Deloitte, focused on SMEs where sales or employee numbers are increasing at over 5 per cent per year. ...

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