SMES BENEFIT AS BANK LENDING BEGINS TO RISE
July 30 BANK lending to small and medium-sized businesses in the UK rose in June for the first time since February on a net basis, which takes into account repayments, official figures show. The Bank of England figures, published yesterday, show a net rise of £235 million in lending to small and medium-sized enterprises (SMEs) in June. However, they also reveal a £3.45 billion net fall in overall bank lending to nonfinancial businesses in the UK. The net rise in lending to SMEs was the biggest monthly advance for a year, matching a £235 million increase on this basis in June 2013.