SME Finance

Treasury Committee Closed Inquiry
Opened: 29 Jun 2023 Closed: 28 May 2024 Parliament page
In this inquiry, the Treasury Committee will examine the accessibility of finance and lending to SMEs, by considering the key challenges SMEs face when seeking finance, the regulation of SME lending and the role Government can play in enhancing lending to SMEs. Read the call for evidence to find out … Read more
5 Recommendations
17 Conclusions
1 Report
5 Letters
4 Events
Activity timeline 11 events
12 Dec
2024
Report published
8 May
2024
Report published
24 Apr
2024
Correspondence
28 Feb
2024
Correspondence
28 Feb
2024
Correspondence
28 Feb
2024
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
27 Feb
2024
Correspondence
27 Feb
2024
Correspondence
23 Jan
2024
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
6 Dec
2023
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
8 Nov
2023
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
Title HC No. Published Items Response
Eighth Report - SME Finance HC 27 8 May 2024 22 Responded
Recommendations & Conclusions
1 result
Clear
7 Conclusion Not Addressed
Eighth Report - SME Finance
Business Banking Resolution Service lacks perceived independence from the financial industry
There is no clear evidence that the seven participating banks control the BBRS on an operational level. However, the structure and remit of the BBRS were determined with their consent. Dispute resolution must be independent, and perhaps as importantly, be … Read more
Government Response
The government notes the committee's conclusion regarding the Business Banking Resolution Service's (BBRS) perceived lack of independence, and states that the BBRS will close to new registrations on 13 December 2024, with its future being a matter for the BBRS itself.
HM Treasury
View details
Government Response AI assessment · 22 of 5 classified
Accepted 5
Acknowledged 10
Deferred 6
Not Addressed 1
Total 5 recs + 17 conclusions
Correspondence 5 letters
24 Apr 2024 Correspondence between the Financial Ombudsman Service and the Financial Conduct Authority, relating to SME Finance, dated 6 February 2024
Parliament page
28 Feb 2024 Letters from the Chair to Barclays, HSBC, TSB, Lloyds, Santander, NatWest, Metro, Handelsbanken and Paragon, relating to the debanking of business customers, dated 7 December 2023
Parliament page
28 Feb 2024 Letters from Barclays, HSBC, TSB, Lloyds, Santander, NatWest, Metro, Handelsbanken and Paragon, to the Chair, relating to the debanking of business customers, dated 21 December 2023 - 22 February 2024
Parliament page
27 Feb 2024 To committee Letter from Louis Taylor, Chief Executive, British Business Bank, following oral evidence on the 'SME Finance' inquiry, dated 12 February 2024
Parliament page
27 Feb 2024 To committee Letter from Mark Grimshaw, British Banking Resolution Service, following oral evidence on the 'SME Finance' inquiry, dated 5 February 2024
Parliament page