Private debt needed to plug £450bn UK financing gap

Panellists at an event chaired by S&P's on Thursday agreed the UK mid-market was failing to fully embrace alternative lenders.

Ratings agency Standard & Poor's estimates UK mid-market companies – defined as those with revenues between £85 million and £1.3 billion – will need up to £450 billion of debt financing over the next five years.

S&P's said about two thirds of that would be needed for refinancing, with the remainder required for new financing.

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