Refinancing SMEs: the role of non-banks in meeting the Covid-19 challenge

Why you should watch: When the Covid-19 crisis struck, small and medium-sized business – many of which had never been borrowers – were suddenly in need of every form of credit they could get. This video brings together leading representatives from the non-bank finance sector and from the SME world, and a seasoned commentator on all forms of SME finance. They discuss:

- whether the best use has been made of non-bank finance
- the crisis as a catalyst for reforming enterprise finance
- how the overhang of company debt can be worked through, allowing the government – and big banks – to back off
- what opportunities have emerged to broaden the choice of finance for SMEs

Moderator: Jane Fuller (Co-director, CSFI)

Panellists:

Stephen Haddrill is Director General of the Finance & Leasing Association. Stephen joined the FLA last year after a decade as Chief Executive Officer of the Financial Reporting Council. Before that he headed the Association of British Insurers and, as a civil servant, held senior positions in the departments of Energy and Trade & Industry.

Martin McTague is Policy and Advocacy Chairman of the Federation of Small Businesses. Martin has served as a volunteer with the FSB for 15 years in roles that include chairing the Local Government Policy Unit. He started his own business 28 years ago and now owns and manages three consultancies in public policy, engineering and IT.

Andy Davis, a financial commentator, has a special interest in the financing of small businesses, fintech and investment. Andy is a former assistant editor of the Financial Times and editor of FT Weekend. He is a contributor to Financial World magazine, which the CSFI produces for the LIBF, and associate finance editor of Prospect magazine.

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Produced/Edited by Alex Treptow