BGN Entrepreneur

The head of the Small Business Barclays’ unit has criticized the idea of industry-wide government targets for lending to small businesses. Steve Cooper told the Financial Times that it could approve loans result in the banks to achieve goals, rather than on the merits of the applications.

The Government is currently considering the option of extending targets for all banks, not just those in which it owns a stake. There are fears that a lack of credit holds back recovery.

The governor of the Bank of England described this week suspended lending as “headwinds” facing the UK economy. The government already puts gross lending targets on both sides, in which they participate – Lloyds Banking Group and Royal Bank of Scotland – which they have come together. Some have proposed that subject to these and other non-government banks, the more stringent targets for net lending support to small businesses. On this measure, which are considered loans decreases, fiscal balance is generally paid in the industry flat.

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