Better Business Finance provides information and support to businesses and entrepreneurs looking to develop and grow; whether the business is seeking finance, or starting out or exporting abroad. Better Business Finance was originally set up by Barclays, HSBC, RBS, Lloyds and Santander in 2011 and is managed by the British Bankers’ Association (BBA) in collaboration with its business and finance partners.
Better Business Finance have three main objectives:
- Improving customer relationships by providing mentoring support, along with information on exactly what help and what finance is available.
- Improving access to finance, including creating new finance options like the Business Growth Fund, and building strategic partnerships with finance organisations such as Business Angels and CDFIs, with whom the banks run a referral process for when traditional bank finance is not appropriate.
- Improving transparency, which includes helping businesses, explaining processes, listening and working with partners to improve service delivery in banks. This theme also includes conducting and commissioning research to help inform business policy and banking services.
Click here to find out more about Better Business Finance and how they might be able to help you