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Financing SME growth in the UK: meeting the challenges after the global financial crisis

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  • Richard T. Harrison
  • Rob Baldock

Abstract

This paper introduces the Special Issue. It reviews the response of financial institutions to the global financial crisis in the provision of loan and equity finance to SMEs, and highlights the emergence and role of alternative forms of finance, including crowdfunding, microfinance and credit unions. The paper concludes that any continued constraint in the supply of and effective demand for finance for the SME sector will have significant implications for the overall performance of economies in both developed and developing countries.

Suggested Citation

  • Richard T. Harrison & Rob Baldock, 2015. "Financing SME growth in the UK: meeting the challenges after the global financial crisis," Venture Capital, Taylor & Francis Journals, vol. 17(1-2), pages 1-6, April.
    • Handle: RePEc:taf:veecee:v:17:y:2015:i:1-2:p:1-6
    DOI: 10.1080/13691066.2015.1050241
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    References listed on IDEAS

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    1. Lucjan T. Orlowski, 2008. "Stages of the Ongoing Global Financial Crisis: Is There a Wandering Asset-Price Bubble?," CASE Network Studies and Analyses 0372, CASE-Center for Social and Economic Research.
    2. Orlowski, Lucjan T., 2008. "Stages of the 2007/2008 Global Financial Crisis Is There a Wandering Asset-Price Bubble?," Economics Discussion Papers 2008-43, Kiel Institute for the World Economy (IfW Kiel).
    3. Orlowski, Lucjan T., 2008. "Stages of the Ongoing Global Financial Crisis: Is There a Wandering Asset Bubble?," IWH Discussion Papers 11/2008, Halle Institute for Economic Research (IWH).
    4. Block, Joern & Sandner, Philipp & De Vries, Geertjan, 2010. "Venture capital and the financial crisis: an empirical study across industries and countries," MPRA Paper 20287, University Library of Munich, Germany.
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    Cited by:

    1. Olena Parubets & Olena Boiko & Dmytro Suhoniako, 2019. "Development Of Small And Medium Business In Ukraine With Funding From The European Union," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(2).
    2. Esho, Ebes & Verhoef, Grietjie, 2018. "The Funding Gap and the Financing of Small and Medium Businesses: An Integrated Literature Review and an Agenda," MPRA Paper 90153, University Library of Munich, Germany, revised 21 Nov 2018.
    3. Harrison, Richard T., 2022. "“Pennies from heaven”? Market failure, circuits of capital and policy support for business angels: The case of cross-border angel investment," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    4. ONIFADE Stephen Taiwo & ACET Hakan & ÇEVİK Savaş, 2022. "Modeling The Impacts Of Msmes' Contributions To Gdp And Their Constraints On Unemployment: The Case Of African’S Most Populous Country," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 154-170, April.
    5. Eggers, Fabian, 2020. "Masters of disasters? Challenges and opportunities for SMEs in times of crisis," Journal of Business Research, Elsevier, vol. 116(C), pages 199-208.

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