| Description | Research commissioned to further investigate the difficulties that a significant minority of Scottish SMEs that took part in the 2005 and 2006 Annual Small Business Surveys (ASBS) reported in accessing finance from banks. |
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| ISBN | 9780755972258 (Web Only) |
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| Official Print Publication Date | September 2008 |
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| Website Publication Date | September 11, 2008 |
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ISBN 978 0 7559 7225 8 (Web only publication)
ISSN 0950 2254
This document is also available in pdf format (576k)
Contents
ACKNOWLEDGEMENTS
EXECUTIVE SUMMARY
CHAPTER ONE: INTRODUCTION
Aim of the study
Existing Research
Methodology
CHAPTER TWO: ANALYSIS OF ANNUAL SMALL BUSINESS SURVEY (SCOTLAND) DATA
Extent of problems in accessing finance
Characteristics of SMEs seeking finance
Access to finance
Problem types of finance
Amount of finance sought
CHAPTER THREE: FINDINGS OF THE BUSINESS SURVEY
Survey Profile
Profile of Firms Encountering Problems Seeking Bank Finance
Constraints upon Business Performance
Financial Requirements
Use of External Assistance
Application Process
Funding Secured
Views on SME Relations with Banks
CHAPTER FOUR: THE BUSINESS CASE
Introduction
Capital Investment
Working Capital
New Products and Markets
Buy-Out
Start-Ups
Acquisition
CHAPTER FIVE: BANK MANAGER'S PROTOCOL ANALYSIS OF THE CASE MATERIAL
Introduction
Protocol Analysis
Conclusions from the Case Analysis
CHAPTER SIX: BANK MANAGERS' DISCUSSION OF GENERAL CRITERIA WITH SME PROPOSALS
Introduction
Protocols and Procedures
Information Required
Credit Scoring
Reasons for Non-procedure
Importance of Different Criteria
Summary of General Criteria
Additional Consultation with PSYBT
CHAPTER SEVEN: CONCLUSIONS
Is there evidence for market failure?
Business Survey - Conclusions
Bankers Interviews - Conclusions
Appendix I:
References
CEEDR
Centre for Enterprise and Economic Development Research
Middlesex University Business School
Professor David North, Dr Robert Baldock, Dr Ignatius Ekanem
PERC
Paisley Enterprise Research Centre
University of West of Scotland
Professor David Deakins, Geoff Whittam, Janette Wyper
Study commissioned by the Enterprise, Energy and Tourism Directorate, Scottish Government
It should be noted that since this research was commissioned a new Scottish government
has been formed, which means that the report reflects commitments and strategic
objectives conceived under the previous administration. The policies, strategies,
objectives and commitments referred to in this report should not therefore be treated as
current Government policy.
The views expressed in this report are those of the researcher and
do not necessarily represent those of the Department or Scottish Ministers.
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