News: Small business lending falls in 80% of UK postcode areas

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Image courtesy of Qualitystockphotos/Kozzi

If you’re hoping to get a bank loan for your small business, you might be subject to a postcode lottery, according to new research which found that bank lending to small businesses fell in more than 80% of UK postcode areas between 2012 and 2011.

New data from the British Bankers Association (BBA) showed that, of 120 postcode areas in Britain (broken down by the first two initials of the postcode), just 22 received a greater share of bank lending in 2012 than in 2011.

Overall lending fell by £4.5bn over the same 12 month period.

After a call for clearer lending figures, banks have agreed to publish data for more than 10,000 specific postcodes by the end of the year, rather than the broader postcode areas covered in this latest research.


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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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