From Mr Rob Cave.
Sir, As someone who raises finance for small and medium-sized enterprises for a living and who is a director of a £5m revenue business in need of funding, I read Matthew Vincent’s article “Lending stimulus contradictions are no laughing matter” with considerable interest (Companies: Week in Review, May 11).
I’m struggling to access the politically hyped pot of cash called the Funding for Lending Scheme, for which we must be the ideal customer – a UK SME, profitable, with 50 employees, going for 15 years.
When I asked our bank I was told the FLS was part of the Small Firms Loan Guarantee scheme (now called the Enterprise Finance Guarantee) and that the last loan deal they’d written was six months ago. On May 9, at Cranfield University’s fantastic VentureDay for entrepreneurs, I also asked a distinguished panel (your own Jonathan Moules was sitting on it) to tell me what FLS looks like and how I could access it. I didn’t get a clear answer – more like a few shrugs.
The FLS sounds to me like a UFO – much talked about, but nobody has actually seen one. May I invite someone from the Treasury to call me, as an interested SME director, and to tell me what number to ring to access the scheme?
Rob Cave, Director, Kilriver Capital, Henfield, W Sussex, UK
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