New SME funding hub will boost awareness of P2P

PEER-TO-PEER finance resources will be included in a new funding hub for high-growth businesses looking to scale up in the UK.

The interactive website, launched by the British Business Bank, offers articles, infographics, videos and event listings aimed at digitally-savvy smaller business leaders looking to access finance.

It also includes a search function for smaller businesses to explore and identify which finance options might work for them.

The state-backed development bank has partnered with 12 industry bodies to provide information on 17 types of finance, including P2P lending.

Read more: New SME funding platform launches

Editorial partners providing content include the Peer-to-Peer Finance Association and the UK Crowdfunding Association.

Beauhurst, British Private Equity & Venture Capital Association (BVCA), Business Growth Fund, finnCap, London Stock Exchange Group, ScaleUp Institute, Tech Nation, UK Business Angel Association (UKBAA), UK Export Finance and UK Finance are also providing information on different types of funding.

The information hub can be found at financeyourgrowth.co.uk.

Read more: High street banks failing to meet SME funding needs

“There are bright and brilliant businesses all across the UK,” said Keith Morgan, chief executive of the British Business Bank.

“But often, their growth ambitions aren’t realised because the financial landscape is complex, daunting and misunderstood. We want to change that.

Read more: Most SMEs unable to access funding for growth

“We want to help businesses understand their finance options and through clear, practical tips put them in the best position to successfully access the right finance for their growth potential.

“That’s why we have created a best-in-class information hub to raise awareness of the finance options available to the UK’s small, high growth businesses.”