Following yesterday’s announcement that the UK games industry
will receive an £8m boost as part of the latest budget, a
group of banks have outlined new plans to improve access to finance
for small companies in the creative industries.
The British Banking Association, which represents over 200
banks, has partnered with Creative England to put
together a “toolkit” in the form of Better Business Finance.
The site offers advice on the kinds of funding available and how to
apply for it, and is chiefly backed by Santander, Barclays, HSBC,
RBS, and Lloyds. Although it has been in operation since 2011, the
new partnership sees the notoriously conservative banking industry
making a concerted effort to open its coffers to more
unorthodox businesses and daring entrepreneurs.
By: Matt Kamen,
