The Centre for Finance, Innovation and Technology (CFIT) has announced the launch of a new coalition focused on helping small businesses in the UK raise external finance.
Partnered with Mastercard and Lloyds Bank, the coalition will develop technology, policy, and regulatory solutions to address the challenges faced by small businesses in accessing funding.
Planned projects include an SMB digital finance education tool, a digital marketplace, and an SMB resilience index.
The coalition aims to improve awareness, increase application for suitable finance, and support the growth of small businesses in the UK.