May 30

Big boost for alternative lenders

The government is planning £100m in funding for alternative lenders, including new internet finance firms.

It is part of £500m being made available to small and medium sized firms through the government’s Business Finance Partnership.

So called peer-to-peer lenders are expected to be big beneficiaries. They use the internet to match businesses with investors with money to loan

BBC News: Government to give £100m to alternative lenders

see also Robert Peston:

What threat to banks from internet lenders?

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