|Alternative Funding Network|
Construction Sector First to Trust Alternative Funding
16 Sep 2013
The construction sector makes up approximately a fifth of all of Britain’s five million SMEs. The businesses in this sector are the ones that are expanding because they are utilising peer-to-peer lending, invoice trading and crowdfunding. This is of notability as the construction sector is important to the long-term growth of the UK economy. Could other sectors become encouraged to embrace alternative funding? 67% of SMEs plan to grow within 2-3 years, yet only 20% actually expand their work force each year because of funding constraints. Alternative funding will be the source of finance to get these SMEs expanded, boosting the UK economy in return.