Tim Breedon's review of non-bank finance has endorsed two of the three recommendations in our Beyond the Banks report, and has credited us as 'early advocates' of the big idea.
The main recommendations from the taskforce's report to Business Secretary Vince Cable are set out below, and the ones in bold are recommendations which were put forward in our Beyond the Banks report.
Research has shown that fast-growing, innovative businesses hold the key to economic growth.
But it is hard to expand a business without access to finance. And despite intense negotiations between the government and the banks, for most of Britain's small and medium-sized businesses, the credit crunch is still in full effect.
NESTA has joined forces with the Daily Telegraph and Sam Gyimah MP to look at how new ways of financing small businesses can help. We will be working with entrepreneurs, businesses and financiers to identify new ways to get finance flowing to the best companies.
Between now and November 2011, we are aiming to identify the innovations that are making a difference, and come up with concrete ways that government, regulators, and financial institutions can help. If you are interested in taking part, we would like to hear from you: email us at email@example.com.
Here, we'll keep you updated on the progress of the project:
We'll set out all the meetings and consultations so you can stay in touch with our progress.
Interesting links and resources
We'll give you a steady flow of useful ideas and resources to keep you informed.
Stay in touch
We'll post regular updates on Twitter using the hashtag #beyondthebanks. Follow @nesta_uk to stay in touch with the project.
This research summary draws on insights from entrepreneurial businesses and makes a case for a British Industry and Enteprise bond.
Download the report
A paper looking at innovative ways to finance Britain's small businesses
Download the report
A discussion about innovative ways to provide credit to small and medium-sized businesses
Download the discussion