UK Alternative Finance Benchmarking Survey

In the last year, the alternative finance market boomed, providing more finance to SMEs. Crowdfunding and peer-to-peer lending platforms are frequently providing finance for businesses and possibly becoming a threat to mainstream banks. Research at Nesta, University of Cambridge and UC Berkeley was released last Friday, showing that over a third of the businesses receiving funding from Crowdcube (a crowdfunding website) thought they could not have raised money anywhere else.

The rise of alternative finance against incumbent banks could be a common theme for 2014. With business owners increasingly struggling to get finance from banks, the success of alternative funding platforms has risen considerably over the year. 

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