Abstract
The geographies of access to enterprise finance: the case of the West Midlands, UK, Regional Studies.Whilst there is a long history of credit rationing to small and medium-sized enterprises (SMEs) in the UK, the financial crisis has seen banks retreat further from lending to viable SMEs due to a reassessment of risk and lack of available capital. In so doing, the credit crunch is thought to be creating new geographies of financial exclusion. This paper explores the financial inclusion of enterprise through community development finance institutions (CDFIs) which provide loan finance to firms at the commercial margins in the West Midlands, UK. The paper concludes that CDFIs could partially address the financial exclusion of enterprise as an additional, alternative source of finance to that of mainstream banks.
| Original language | English |
|---|---|
| Pages (from-to) | 868-879 |
| Journal | Regional Studies |
| Volume | 47 |
| Issue number | 6 |
| Early online date | 8 Jan 2013 |
| DOIs | |
| Publication status | Published - 2013 |
Keywords
- Financial crisis
- Financial exclusion
- Community development
- Enterprise
Access to Document
- Appleyard_Geographies_access_Regional_Studies_2013
Eligibility for repository : checked 26/03/2014