Bank

Hospitality SME's optimistic about growth

Hospitality SME's optimistic about growth

By Sophie Witts

Small and medium-sized hospitality businesses (SMEs) such as restaurants, pubs and bars are more optimistic about future growth than those in other major sectors.

The hospitality sector's contribution to the UK's GDP has dropped by 0.2 per cent

Sector’s GDP contribution drops due to lack of funding

By Melodie Michel

The hospitality sector’s contribution to Britain’s GDP dropped 0.2 per cent (£1.5bn) between 2007 and 2013, partly due to the lack of bank funding for SMEs, according to a report by Boost Capital.

Lack of competition means banks are not incentivised to compete on price, service and innovation, the CMA found.

Banks are failing SMEs, finds competition watchdog

By Carina Perkins

Banks are failing to provide the service and value that small and medium-sized (SME) businesses such as bars, restaurants and hotels need to thrive, according to a new report from the Competition and Markets Authority (CMA).

Breaking the banks: The bank manager that was once your best friend is now much more reluctant to deploy capital

Finding finance in hospitality: The banks

By Luke Nicholls

Most hospitality business owners will agree that bank lending isn’t the same as it used to be. Pre-recession, a budding entrepreneur with a bold idea for a new concept would often be given a blank cheque from the bank manager to support their ambitions....