British Bankers Association Taskforce Selects BDRC Continental To Research SMEs
Written by BDRC
09 Mar 2011
Survey will provide credible and robust data on businesses and financing
The Business Finance Taskforce* has brought together leading banks and business groups in a Business Finance Round Table and selected BDRC Continental to conduct and report on an independent and authoritative study of SME finance and banking relationships.
This research will encompass 15,000 telephone interviews amongst businesses with up to £25 million turnover, to be conducted between March and December 2011, and will inform the current debate by publishing credible and robust data on businesses and their financing.
It will also establish progress against the range of initiatives announced in the Taskforce Report*.
The project is being led by Shiona Davies, Director at BDRC Continental. The first report will be published in July and on a quarterly basis thereafter.
Angela Knight, Chief Executive of the BBA said,
“The Business Finance Taskforce is a major initiative aimed at helping business access the finance it needs. We went through a rigorous selection process for a research company to provide the clear, impartial and authoritative data required and were impressed by BDRC Continental’s knowledge of the issues facing SMEs in the UK, and their expertise in understanding how to research and report these topics. With SMEs representing more than 70% of the British economy, we are pleased to be working with a research provider that brings more than a decade’s research know-how to this important study.”
The Business Finance Round Table represents a unique body of stakeholders in this field and comprises:
· Association of Chartered Certified Accountants
· British Bankers' Association
· British Chambers of Commerce
· British Venture Capital Association
· Confederation of British Industry
· Engineering and Machinery Alliance
· Federation of Small Businesses
· Forum of Private Business
· Growth Capital Association
· Institute of Chartered Accountants in England & Wales
· Institute of Directors
· Quoted Companies Alliance
· Barclays Bank
· Lloyds Banking Group
· HSBC Bank
· RBS Group
· Santander UK
* See http://www.bba.org.uk/taskforce for more information about the Taskforce.
About BDRC Continental
London - 24 February 2011