The City's role in providing for the public equity financing needs of UK SMEs

The City of London recognises the important contribution made by small and medium sized enterprises (SMEs) to the UK economy and the critical role played by UK financial services in providing equity finance to facilitate their growth. As a result the City of London has commissioned research to assess the role and contribution made by UK financial services in terms of supporting the provision of and access to equity finance for UK SMEs. This commission is timely given the Government’s concerns over gaps in the SME funding escalator and the recent economic downturn, which has led to a withdrawal of venture capital funds and a loss of investor confidence.