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UK SMEs are increasingly looking to fund managers rather than banks, according to Connection Capital's Claire Madden
SMEs are struggling due to extended lockdowns intended to prevent the spread of covid-19, and in the UK a generous government lending scheme now dominates the market. But private fund managers also have a role to play, maintains John Bakie
The fund is backed by Greater Manchester Pension Fund and will particularly focus on businesses in the north of England.
There is still demand for alternative finance, and this is set to grow further as government schemes are pulled back.
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