Aldermore signs government SME Finance Charter
Aldermore is one of the first signatories to the Government’s SME Finance Charter, being officially launched today, that helps to ensure UK SMEs continue to prosper post Brexit. Led by the Business Finance Council, the SME Finance Charter has set out five pledges, with a range of commitments, demonstrating members’ support of SMEs throughout the UK.
Tim Boag, business finance managing director, said: “Aldermore has a proud record of championing the UK’s SMEs after being established to provide the gap in finance that traditional lenders left in the aftermath of the 2008 financial crash. Ever since we have delivered banking as it should be and supported the growth of thousands of SMEs. We are therefore delighted to have opportunity to reaffirm our commitment by signing the SME Finance Charter to support SMEs in the future whatever the Brexit outcome.
SMEs are the backbone of the UK economy and are the primary drivers for job creation, innovation, and growth. Our business finance lending grew by 12% this year with lending up to £3.4bn and we are well positioned to deliver even more for SMEs in the future.”
Aldermore provides a range of specialist financial support to SMEs in the form of asset finance, invoice finance, commercial mortgages, and savings.
Kelly Tollhurst, MP and Small Business Minister, said: “Financial support from banks and lenders is often crucial to the success of an SME. So, it is great to see Aldermore reaffirming support for their business customers through our new SME Finance Charter.
She added: “Aldermore’s commitments of continued and proactive support will give their SME customers the confidence they need ahead of Brexit on 31 October and beyond – with opportunities to thrive, grow and scale up in new markets.”
